LUCKNOW, 4 SEPT: In order to speed up industrial development and attract investors in Uttar Pradesh the state Cabinet on Tuesday passed the new industrial and infrastructure policy 2012 with a special emphasis on removing regional imbalances, especially in Bundelkhand, Purvanchal and Madhyanchal. The new policy aims to attain the target of 11.2 per cent industrial growth in UP. For this, along with financial subsidies and exemptions it has formulated a strategy to improve industrial environment and infrastructure along with capacity and skill development provisions. State industrial development commissioner Anil Kumar Gupta said in the next month 25 government departments will issue orders to provide detailed information to investors. Road shows will also be held in Delhi and Mumbai to promote the policy and a delegation will visit Singapore, Europe and USA to attract investors. Mr Kumar said the new policy has been formulated after a gap of eight years and after extensive and detailed discussions with all stakeholders viz. industrial associations, entrepreneurs and all the government departments concerned. Most of the suggestions made by the stakeholders had been incorporated in the policy, he added. The policy had been framed with a view to providing a holistic guiding policy for all departments related to industrialisation such as food processing, information technology, sugar, micro and small industries etc. The traditional industries of the state like the lock industry of Aligarh, perfume of Kannauj and silk of Varanasi will also stand to benefit under the new scheme of things. In order to remove regional imbalances, the policy provides for 100 per cent exemption in stamp duty to the industrial units of Purvanchal, Madhyanchal and Bundelkhand. Cent per cent exemption will also be given to infrastructure facilities like roads, power, trans-shipment centres, warehousing, cold storage etc. Industrial estates developed by the private sector will also get reimbursement of 25 per cent in stamp duty. Special incentives have also been included for Madhyanchal in order to boost development in Lucknow, Kanpur and the nearby areas. The policy will also launch a new capital interest subsidy scheme for new industrial units to be set up in Bundelkhand, Purvanchal and Madhyanchal. In order to improve the quality of products the policy has also envisaged an industrial quality development scheme as also a special ‘EPF reimbursement Scheme’ for generating new employment opportunities.