Uttar Pradesh one step closer to achieving the one trillion dollar dream

Lucknow: In line with Chief Minister Yogi Adityanath’s intention to attract maximum industrial investment to make Uttar Pradesh a trillion dollar economy, the State Industrial Development Authority (UPCIDA) has achieved a major achievement by playing an important role. UPCIDA authority alone has received proposals worth more than one lakh crore rupees from investors for setting up industrial units in various districts of the state.

Out of these investment proposals, letters of intent (MoU) worth Rs 83 thousand crore have been signed. These MoUs will be finalized during the Global Investors Summit to be held in Lucknow on February 10-12, 2023, which will soon start the implementation of the projects by the investee companies.

It is worth mentioning that Chief Minister Yogi Adityanath has set a target of garnering domestic and foreign investment on a large scale in Uttar Pradesh through the Global Investors Summit. In this context, UPCIDA has made a significant contribution towards achieving this goal.

9 teams held meetings in 22 districts

UPCIDA Authority’s Chief Executive Officer (CEO) Mayur Maheshwari said that the state government is making full efforts to make Uttar Pradesh a trillion dollar economy. To achieve the target, nine teams of senior officials of UPCIDA were constituted and in the first phase, investment meetings were organized with investors and entrepreneurs in 22 districts of the state. MoUs were signed with the investors in the seminars to encourage investment. These have mainly shown their interest for setting up units in food processing, textile, automobile, private industrial park, warehousing, paper industry, medical sector, biofuel, toy products, data center, IT, electronics etc. UPCIDA Authority’s CEO Mayur Maheshwari said that before the Global Investors Summit 23, a team of senior officials of the Authority will be formed and investment conferences will be organized in other districts of the state as well. Along with this, continuous efforts are being made to generate maximum employment by promoting other investment policies of the government and making investments under the policies.

Thousands of employment opportunities will be created

Thousands of people will get employment opportunities after the establishment of the MoUs signed by UPCIDA. Among the major MoUs that have been signed, 10,000 people will get employment on setting up a private park in Ghaziabad by Groupekar’s network with an investment of 10,000 crores.

Similarly, 1000 people will get jobs by setting up a logistics and warehouse park in Gautam Budh Nagar by the Mobility Infrastructure Group with an investment of 8000 crores. Mega Leather Cluster Development (UP) Limited will provide employment to two lakh people on setting up leather industry in Kanpur with an investment of 6000 crores.

In Pratapgarh Dharitri Solution Pvt. Ltd. SMRM Innovative Ventures Pvt. Ltd. There is a possibility of employment to 50 thousand people by setting up a private industrial park with an investment of 9000 crores. Sonbhadra City Gold Industrial Pvt. Ltd.

With an investment of 3000 crores by cement plant, one thousand people will be able to get employment, then in Lucknow Welspun and Logistics Parks Pvt. Ltd. Employment will be available to 100 people with an investment of 2000 crores. Along with this, high flow industries have done 3-3 thousand in Agra and Ayodhya, 14 thousand crores in Ghaziabad, 1200 crores in Gorakhpur, 7500 crores in Kanpur, 3500 crores in Lucknow, 300 crores in Aligarh, 35000 crores in Prayagraj, 9000 crores in Surajpur. With the investment of 2000 crores in Varanasi, employment of more than 5 lakh people will be created in all the districts.

Land bank of more than 15 thousand acres ready

To make land available to the investors, a land bank of more than 15 thousand acres has been prepared by UPCIDA. Similarly, an investment of 2000 crores has been proposed by Indian Corporation in Varanasi for setting up logistics and warehouse. Apart from this there have been many more investments in various sectors such as more than 23000 crores in renewable energy sector, about 21000 crores in private industrial park sector, about 10000 crores in logistics and warehousing, about 6000 crores in leather and footwear industry, non metallic And an investment of about Rs 4000 crore is proposed in the mineral products sector and about Rs 850 crore in the bio-fuel sector.

UPCIDA has achieved its first target, there are chances of further growth

The state government has increased the target of investment through the Global Investors Summit from Rs 10 lakh crore to Rs 17 lakh crore. For this, the old investment targets of all the departments have also been revised. In this sequence, the investment target of UPCIDA has also been increased from 70 thousand crores to one lakh crores. UPCIDA has received investment proposals worth 80 thousand crores even before the first target was revised. It is likely that this UPCIDA may further increase this figure till the Global Investors Summit in February.

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