UP MSMEs Demand Conversion of 46,500 Acres of Leasehold Industrial Land to Freehold

MSMEs in Uttar Pradesh have called for the conversion of 46,500 acres of leasehold industrial land into freehold. This demand is driven by concerns over land ownership rights and the restrictions imposed on leasehold land, which limits the ability of businesses to invest and expand. Converting leasehold land into freehold will give MSMEs greater control over their assets, enabling them to secure loans and attract investments. The demand is being supported by several industry bodies, which argue that this change will lead to increased industrial activity and job creation in the state. The state government is currently reviewing the proposal, and if approved, it could have a significant impact on the growth and development of the MSME sector in Uttar Pradesh.