Important projects, including rail coach manufacturing and fruit processing units in Jhansi and Chitrakoot, are set to boost economic activity and employment in the region.
The Yogi government of Uttar Pradesh is preparing to host the fourth edition of the Ground Breaking Ceremony (GBC@IV) in Lucknow, which aims to implement investment proposals worth Rs 10 lakh crore. Uttar Pradesh State Industrial Development Authority (UPSIDA) is set to launch 15% of the proposals amounting to Rs 1.5 lakh crore in this event. These projects cover a wide range of sectors including integrated townships, malls, private industrial parks, rail coaches, logistics and warehousing, food processing, cement industry, hospitals, biofuels and manufacturing.
What are these mega projects?
Integrated Township at Chandauli: The Rs 7,000 crore integrated township covering 333 acres will be inaugurated by Prime Minister Narendra Modi during GBC@IV. In line with various policies, this project is expected to generate 6,000 jobs in Chandauli region of Uttar Pradesh.
World Trade Center Development at Chandauli: The development of the integrated township and mall by the World Trade Center Noida Development Company will create 12,000 additional jobs in Chandauli.
Manufacturing Enterprises: The projects of Bharat Heavy Electricals, Apex Welfare Trust and Anita Distillery will collectively create employment opportunities for thousands of people in sectors such as industrial goods production, healthcare and biofuel production.
Projects in Bundelkhand region: Important projects, including rail coach manufacturing and fruit processing units in Jhansi and Chitrakoot, are set to boost economic activity and employment in the region.
The implementation of these projects is expected to accelerate economic growth and development in many districts including Chandauli, Lalitpur, Basti, Etah, Bulandshahr, Amethi, Moradabad and Jhansi.
The planned investment, as reflected in the MoU of approximately Rs 1.5 lakh crore, is set to create over 3,500 units in 45 districts, which will significantly contribute to employment generation and economic empowerment. This huge inflow of investment is expected to boost the economic strength of Uttar Pradesh and contribute to India’s overall GDP growth.