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Uttar Pradesh plans Rs10 trillion investments

2023-10-11

The Uttar Pradesh government aims to make the state an attractive investment hub by launching private industrial and infrastructure projects worth nearly Rs 10 trillion by December this year. These projects are part of the 19,000 investment proposals valued at Rs 35 trillion received during the UP Global Investors Summit (GIS) in February. Initially planned for August or September the GIS Groundbreaking Ceremony (GBC) is now expected in November or December due to delays in various departments.

The GBC is essential to achieving UP's goal of becoming India's first $1 trillion economy. Special officers have been appointed to assist investors in obtaining approvals and land allotments smoothly. Additionally, the UP Expressways Industrial Development Authority (UPEIDA) is acquiring land near expressway projects to facilitate industry allotment. These initiatives aim to boost rural incomes and stimulate the hinterland economy aligning with the Yogi Adityanath government's priorities.