Uttar Pradesh govt set to launch industrial projects worth Rs. 10 trn by Dec.

Initially, the government was planning to launch projects worth Rs. 10 trillion at the maiden GIS Groundbreaking Ceremony (GBC) by August or September.

However, following inordinate delays in the industrial department as well as in the various industrial development authorities, the proposed GBC is now expected in November or December.

“For a mega event like GBC, which is estimated to see an attendance of 10,000 investors and industrialists, the department requires a couple of months for groundwork. As such, the groundbreaking is likely by November or December,” he added.

In fact, UP industrial development minister Nand Gopal Gupta ‘Nandi’ recently reprimanded officials for their failure to achieve the GBC target of Rs. 90,000 crore set for Noida.

So far, projects worth Rs. 54,000 crore of the targeted Rs. 90,000 crore have been lined up for the GBC in Noida.

Moreover, the state has appointed special officers to coordinate with investors and facilitate approvals and land allotment so that the projects are launched without any hassle.

The GBC is vital to achieve UP’s goal of becoming India’s first $1 trillion economy in the coming years.

Meanwhile, UP Expressways Industrial Development Authority (UPEIDA) is looking to acquire 100 acres in the vicinity of each expressway project for ready allotment to industry.

The state is aiming to complete the Ganga Expressway project by December 2024 before the Mahakumbh Mela in Prayagraj in the early months of 2025.

The faster movement of farm and MSME products will jack up rural incomes and catalyse the hinterland economy, which is among the top priorities of the Yogi Adityanath government.

BS