Published On:April 23 2024
Story Viewed 187 Times

Uttar Pradesh Government Expands Industrial Land Bank to 25,000 Acres

As Uttar Pradesh sets its sights on becoming a trillion-dollar economy by 2027, the state government has established a comprehensive industrial land bank of 25,000 acres, facilitating swift allocation to industries. The Uttar Pradesh State Industrial Development Authority (UPSIDA) has acquired land across all 75 districts to support this initiative.

Recently, UPSIDA allocated 1,470 acres in the Lalitpur district for the development of a bulk drug park, positioning Uttar Pradesh as a significant hub for pharmaceuticals, generic medicines, and medical devices in South Asia. UPSIDA Chief Executive Officer Mayur Maheshwari indicated that land acquisitions have also been made in Hathras, Hardoi, Prayagraj, Lucknow, Pratapgarh, Rae Bareli, Barabanki, and Chitrakoot. To further expand the land bank, UPSIDA is conducting audits and exploring untapped areas.

In 2019-20, UPSIDA introduced e-auction of plots for greater transparency, resulting in a surge in plot allotments, from 191 plots in 2017-18 to 693 plots in 2023-24. The agency's operating revenue also doubled, from Rs 615 crore in 2018-19 to Rs 1,359 crore in 2023-24. UPSIDA has also launched women-centric facilities through the Atal Industrial Infrastructure Mission (AIIM) and Safe Industrial Area Projects to increase female participation and employment in industrial parks.

The state is also exploring the establishment of mini-industrial clusters in rural areas to promote economic activities and generate employment. According to Uttar Pradesh's micro, small, and medium enterprises (MSME) minister Rakesh Sachan, Gram Sabha land will be handed over to the industrial department for allotment at local circle rates. This strategy aims to curb youth migration from rural areas by creating local employment opportunities and supporting the MSME ecosystem.

The Yogi Adityanath-led government aims to double MSME exports to Rs 3 trillion, recognizing the critical role MSMEs play in contributing 60% to the state's annual industrial output, forming the backbone of the 'Make in UP' agenda, and supporting the growth of other sectors.

Uttar Pradesh is known for its traditional industries such as Banarasi silk saris from Varanasi, carpets from Bhadohi, chikan embroidery from Lucknow, leather goods from Kanpur, leather footwear from Agra, locks from Aligarh, brassware from Moradabad, sports goods from Meerut, and wooden products from Saharanpur, among others. With a robust land bank and an ambitious strategy, the state is positioning itself as a key player in the industrial and economic landscape.


OUR OTHER PRODUCTS & SERVICES: Projects Database | Tenders Database | About Us | Contact Us | Terms of Use | Advertise with Us | Privacy Policy | Disclaimer | Feedback

This site is best viewed with a resolution of 1024x768 (or higher) and supports Microsoft Internet Explorer 4.0 (or higher)
Copyright © 2016-2024

Technology Partner - Pairscript Software