Uttar Pradesh Government to Invest Rs 5 Trillion in Developing Lucknow-SCR.

The Uttar Pradesh government has unveiled plans to invest Rs 5 trillion into the newly established State Capital Region (SCR), with the aim of transforming Lucknow into a major investment hub in North India. The substantial investment is anticipated to be realized over the next two years.

The SCR, which covers 27,826 square kilometers, includes the districts of Lucknow, Hardoi, Sitapur, Unnao, Rae Bareli, and Barabanki. To facilitate this ambitious project, the Uttar Pradesh State Industrial Development Authority (UPSIDA) and the UP Expressway Industrial Development Authority (UPEIDA) have been tasked with land acquisition. The Uttar Pradesh State Capital Region Development Authority (UP-SCRDA) will oversee the development of the Lucknow-SCR area.

The acquired land will be allocated to investors for the development of industries, residential areas, and infrastructure projects. According to UPSIDA Chief Executive Officer Mayur Maheshwari, the SCR will be modeled after the New Okhla Industrial Development Authority (Noida) in its efforts to attract investment.

The UP-SCRDA will be chaired by the state Chief Minister, with the Chief Secretary serving as vice-chairman and senior officials from the housing and urban planning departments as members. The SCR initiative aims to alleviate congestion in Lucknow by creating job and self-employment opportunities across the constituent districts, thereby reducing the migration of youth to larger cities.

With many districts in Uttar Pradesh already connected by expressways and airports, the SCR is expected to leverage the state's industrial and agricultural assets to drive socioeconomic development in the coming years.

BS