MOUs for these proposed clusters, to be set up at the cost of Rs 10 lakh crore, were signed during the UP Global Investors Summit earlier this year in Lucknow.
The proposed mega clusters will come up around Purvanchal and Bundelkhand expressways apart from the Gorakhpur Link Expressway. The government has identified 600 hectares of land in six districts Barabanki, Ghazipur, Jaunpur, Gorakhpur, Banda, and Jalaun.
Of the total proposals of Rs 35 lakh crore, Purvanchal (Eastern UP) and Bundelkhand regions hold a share of Rs 9.54 lakh crore and Rs 4.27 lakh crore, respectively. They collectively account for almost 40 per cent of the total value of the MoU.
Since investors need large swathes of land to set up manufacturing units or for Warehousing and Logistics needs, the state is moving fast to ramp up the land bank for allotment to companies.