Uttar Pradesh, under the dynamic leadership of Chief Minister Yogi Adityanath, is witnessing a groundbreaking surge in industrial development. The momentum generated during the Global Investors Summit (GIS-23) is now translating into tangible outcomes, with investment proposals worth an impressive Rs 7.5 lakh crore inching closer to realization. The preparations for the Ground Breaking Ceremony (GBC) are in full swing, signaling a significant stride towards materializing the state’s economic potential.
Efforts to propel these initiatives into action have been intensified following CM Yogi’s directives. Various departments and industrial development authorities have embarked on the task of putting investment proposals on the ground, ensuring that projects rapidly advance to the final stages. The committed approach from both government departments and authorities reflects the determination to transform proposals into impactful projects.
“Crucially, out of the staggering Rs 7.5 lakh crore worth of projects, about Rs 2.5 lakh crore comes from Industrial Development Authorities, including UPCIDA, YIDA, UPIDA, NOIDA, Greater NOIDA, and GIDA. This collaborative effort underlines the synchronized approach adopted by multiple entities in driving the state’s economic agenda forward”.
Approximately 1800 projects are now ready for implementation, encompassing diverse sectors such as the Defense Corridor, Logistics Hub, Data Centre, IT Park, Solar Power Park, and Bulk Drug Park. These projects, born out of the GIS-23, are poised to make substantial contributions to Uttar Pradesh’s economic landscape.
The significant role played by various development authorities in catalyzing industrial growth is evident in the extensive list of projects they have readied for the GBC. These authorities have received investment proposals for about 3 thousand different projects, showcasing the diverse range of opportunities that investors are exploring in the state.
“A noteworthy highlight is the Uttar Pradesh Expressways Industrial Development Authority (UPEDA), which has readied projects worth more than Rs 1 lakh crore. Other authorities, such as YIDA, Noida, Greater Noida, and GIDA, have also made significant strides in preparing a multitude of projects for launch”.
As Uttar Pradesh positions itself as a key investment destination, the proactive approach of the government and development authorities is instrumental in realizing the ambitious vision outlined by Chief Minister Yogi Adityanath. The state’s commitment to economic growth, innovation, and industrial diversification is poised to usher in a new era of development, reinforcing Uttar Pradesh’s standing as a powerhouse of opportunities in India.
