Uttar Pradesh State Industrial Development Authority (UPSIDA) is all set to implement proposals worth Rs 40,000 crorein thefirst groundbreaking ceremony of Yogi Adityanath government 2.0.
Simultaneously, the process of grounding MoUs worth Rs 42,000 crore in the groundbreaking ceremony is underway.
The land has been identified by these investors and soon it will also be made available to them. Notably, all the departments have been given specific targets for the groundbreaking ceremony. UPSIDA has been given the highest investment target of Rs 1.60 lakh crore, of which 224 MoUs worth more than Rs 82,000 crore have been shortlisted so far.
UPSIDA CEO Mayur Maheshwari said, Proposals for a total investment of Rs 3.18 lakh crore were received from 600 investors in UPGIS-2023. In such a situation, to get these investment proposals implemented, they were divided into five categories MSME (up to Rs 50 crore), large (Rs 50-200 crore), mega (Rs 200-500 crore), super mega (Rs 500- 5,000 crore) and ultra mega (above Rs. 5,000 crore).
The maximum investment of Rs 7,020 crore is being made in Chandauli by four investors while Amethi has 30 units with an investment of Rs 4,761 crore.
In terms of sectors, the Logistics and Warehousing sector will witness investments from 41 investors, while 32 investors are set to establish private industrial parks while28 other investors have expressed interest in the Food Processing sector. Most of these investors are investing in Purvanchal, where 65 units with an investment of Rs 20,189 crore are ready for implementation.
Notably, these units will generate 1,33,477 EMPLOYMENT opportunities in the state. Besides, units established in Paschimanchal will generate maximum employment opportunities. The number of jobs to be generated in Paschimanchal will be 72,740, while 36,135 employment opportunities will be generated from the units investing in Purvanchal region. As many as 22,702 jobs will be created for people living in Madhyanchal while 1,900 jobs are likely to be created in Bundelkhand region.