The Union government has given its nod to the Uttar Pradesh governments proposal for developing two big industrial clusters in Agra and Prayagraj. The UP government had urged the Central government to allow the development of two Integrated Manufacturing Clusters (IMCs) in the Amritsar-Kolkata Industrial Corridor (AKIC). The Uttar Pradesh State Industrial Development Authority (UPSIDA) will now develop the two IMCs at greenfield site near Saraswati Hi-Tech City in Prayagraj and near expressway in Agra.

The manufacturing clusters are expected to attract investments of more than Rs 15,000 crore and generate more than one lakh direct and indirect EMPLOYMENT.

According to UPSIDA Chief Executive Officer Mayur Maheshwari, the Central government has approved the proposals to set up these IMCs in order to strike a balance between the development of eastern and western UP.

UPSIDA, a nodal agency, plans to develop these IMCs on the pattern of Smart Cities with the best global practices and standards. With the establishment of these clusters, industrial and commercial activities are expected to accelerate in Prayagraj and Agra.

It is worth mentioning here that the total length of the Amritsar-Kolkata Industrial Corridor (AKIC), which passes through seven states, is 1,839 kilometres of which about 57 per cent is in Uttar Pradesh. However, AKIC aims to develop one industrial cluster in each of the seven states. Only Uttar Pradesh will have two IMCs.

The Government of India will have an stake in the Special Purpose Vehicle (SPV) to be created for building the clusters while a master planner of international repute will be appointed to conceptualise the world-class project.