A budget of ₹451 acres has been allocated to set up the Mega Leather Cluster in Kanpur
The Ministry of Commerce and Industry, Department of Industry Internal Promotion and the Government of India, have granted an in-principle consent to built a new Mega Leather Footwear and Accessories Cluster in Kanpur. Sprawling across 250 acres of land at Ramaipur in Kanpur Nagar at a cost of ₹451 crores, this establishment will generate up to 50 thousand direct and 1.5 lakh indirect jobs. As per reports, the cluster project is pegged to entail an investment of about ₹5000 crores and the UPDISA has further given consent to provide 240.18 acres of land to propel its institution.
Reviving Kanpur's leather industry at the global scale
In a bid to revive Kanpur's leather industry, the Uttar Pradesh government has decided to venture into a big investment cluster project here. The Additional Chief Secretary, Department of MSMEs on Monday reviewed the work to be done here and stated that the SPV Mega Leather Cluster Development Uttar Pradesh Limited has been set up to support the construction of this agency. As per economic forecasts, the proposed cluster will bring about a ₹13,000 crore annual turnover.
As per the budget allocation, the UP government and the Government of India will pitch in ₹236 crores and ₹125 crores, respectively to build the Mega Leather Park. This sum will be employed to set up the various infrastructure facilities here, including the basic structure. Amenities of road, water supply, sewage, drainage, horticulture, boundary wall, street light, internal water supply, internal stormwater drainage, IT and telecommunication, administrative building, design lab, testing lab, value addition center and a hostel will be instituted here for the entrepreneurs.
The project is set to scale a new dimension in the leather industry, carving out a range of employment and investment opportunities. This project is set to lead the leather industry of Uttar Pradesh to a global platform, with international level infrastructure facilities. Simultaneously, the domestic novelty of the cell would get incentives in terms of better productivity, exports and boosted investments, the ACS added.