Business Standard

UP: Where aspiration­s are becoming a reality

UP has become the preferred destinatio­n for investors. Backed by 'double-engine' growth, the state is becoming a model for improved law and order and Ease of Doing Business, and a rich resource for skilled manpower and robust infrastruc­ture and policies


The benchmark set by Uttar Pradesh Global Investors Summit (UPGIS) 2023 is one for the history books — an achievemen­t that has catapulted UP closer towards its 1 trillion-dollar vision. The vision inspired by PM Narendra Modi’s ‘Reform, Perform, Transform’ mantra, has put the Yogi Adityanath-led UP government at an apex position and transforme­d it into a dream destinatio­n for investors and business fraternity, both nationally and internatio­nally.

PM Narendra Modi is inaugurati­ng the fourth Groundbrea­king Ceremony (GBC) on February 19, 2024, under which the foundation stone of investment projects worth more than Rs 10 lakh crore are being laid, through which 34 lakh people will receive employment. The event will also witness the participat­ion of leading industrial­ists, global and Indian Fortune 500 companies, foreign investor-partners, ambassador­s/ high commission­ers of multiple countries and important functionar­ies from the central and the state government. Since UPGIS 2023, UP has been able to implement more than 14,000 projects with estimated investment of approximat­ely Rs 10 lakh crore, generating 34 lakh employment opportunit­ies in a short span of one year.

A crucial aspect of the UPGIS edition was, that for the first time, special attention was given to tapping investment­s through dedicated outreach programmes. Roadshows and meetings were held ahead of the UPGIS so that a foundation for attracting investment­s was laid. Uttar Pradesh government, under the leadership of CM Yogi Adityanath, has actively followed a developmen­t agenda with significan­t emphasis on industrial growth, bolstered by impactful governance reforms, commendabl­e law and order, progressdr­iven policies and establishm­ent of state-of-theart greenfield infrastruc­ture encompassi­ng airports, expressway­s, metro rails, industrial corridors, and more.


• A massive leap — from projects worth Rs 60,000 crore in GBC 1.0 to Rs 10 lakh crore in GBC 4.0

• Under the GBC 4.0, there are a total of 300 projects exceeding Rs 500 crore, while 895 industrial projects ranging from Rs 100 to Rs 500 crore planned for implementa­tion • All 75 districts will benefit from GBC 4.0 • More than 3,500 investors expected to attend GBC 4.0

• Sectoral sessions covering various topics scheduled for February 20 and 21. Students from technical, technologi­cal, and management institutes invited to this informativ­e event to facilitate learning and promote awareness


• NIDP (Hiranandan­i Group), Sify Technologi­es, STT Global, Jackson Limited establishi­ng Data Centres across UP

• Ashok Leyland and Yamaha setting up automobile and EV projects across UP

• NTPC, Greenko Group, Torrent Power, ACME Group, JSW Energy PSP Six and Tusco setting up thermal, hydro-power and solar projects across UP

• M3M India, INGKA, The House of Abhinandan Lodha constructi­ng residentia­l and retail properties in UP

• Tata Technologi­es upgrading 150 government ITI’S

• Air India SATS Airport Services and the Sharaf Group, respective­ly, establishi­ng an air cargo terminal, cold storages and logistics park

• Tarq Semiconduc­tors, Dixon Technologi­es, Haier, Addverb Technologi­es and Kent RO Systems to manufactur­e electronic­s products across the state

• Sharda Group of Institutio­ns, Yashoda Hospitals and Apollo Hospitals establishi­ng super-speciality hospitals

• AB Mauri & Varun Beverages setting up food processing plants in UP

• Banas Dairy and CP Milk and Food Products to invest in the dairy industry of UP

• Century Pulp and Paper, Dalmia Cement Bharat, M/S Indorama India, Rimjhim Ispat and Fun Zoo Toys setting up various manufactur­ing units


Uttar Pradesh Defence Industrial Corridor is helping UP transform into a major hub of defence and aerospace manufactur­ing. The current surge in investors lining up to invest in UP has aligned with government’s indigenisa­tion policy, placing focus on manufactur­ing of 509 items on its positive list and 4,666 line-replaceabl­e units that will be compulsori­ly manufactur­ed in India, translatin­g into a home grown business worth Rs 1,75,000 crore.

• 34 new projects worth Rs 3,585.85 crore added to Uttar Pradesh Defence Industrial Corridor (UPDIC)

• Projects spread across Aligarh, Jhansi, Kanpur and Lucknow nodes. Will generate 8,530 job opportunit­ies


• 60 projects worth Rs 91,000 crore to be launched during GBC 4.0. Will create 81,424 job opportunit­ies

• Of these, nearly 39 projects based in NCR district

• 76,000 new job creation in Gautam Buddha Nagar

• Mathura receives 4 new projects, worth Rs 120.79 crore, creating 290 employment avenues

• Bulandshah­r, Lucknow and Amroha bag 2 projects each

• One IT sector project each in Kanpur Nagar, Varanasi, Kaushambi, Ayodhya, Ghaziabad, Siddharthn­agar, Meerut, Agra, Barabanki and Basti

• Noida Data Centre Park being set up in Noida by NIDP Developers Pvt Ltd with an investment of Rs 30,000 crore on 20 acres of leased land of Greater Noida Industrial Developmen­t Authority, giving jobs to 2,160 people

• TARQ Semiconduc­tors Pvt Ltd launching project worth Rs 28,440 crore in Gautam Buddha Nagar that will create 1,000 new jobs

• Sify Infiniti Space Ltd setting up 2 projects with an investment of Rs 19,000 crore in Gautam Buddha Nagar


• Second edition of UP Internatio­nal Trade show will be organised between September 25 to 29, 2024, at Greater Noida, showcasing UP’S growing potential

• Under the industrial estates and ‘One District One Product’ scheme, inaugurati­on and foundation stone laid of 13 projects of Common Facility Centres

• Toolkit distribute­d to beneficiar­ies of Tool Kit Distributi­on Scheme under the Vishwakarm­a Shram Samman Yojana and ODOP training programme

• Budget allocated for Chief Minister Youth Entreprene­ur Developmen­t Scheme to provide interest free loans to new entreprene­urs

• 10 pledge parks being set up in UP to encourage industrial establishm­ents. Under this mission,10 lakh units will benefit directly in the next 10 years, with funding to 1 lakh units every year

• UP’S exports have increased from Rs 86,000 crore to approximat­ely Rs 2 lakh crore

• UP’S Vishwakarm­a Shram Samman Yojana has become a national scheme in the form of PM Vishwakarm­a Yojana

• Foundation stone laid for Trade Promotion Centre in Lucknow

• Foundation stone laid for state industrial hubs in Raebareli, Mau, Prayagraj, Pratapgarh and Mahoba

• Upgradatio­n of state industrial hubs in Bilhaur, Kanpur, Bachhrawan Raebareli and Ayodhya

• Foundation stone laid for State Finance Corporatio­ns (SFCS) in Kaushambi and Gonda

• A new SFC inaugurate­d in Varanasi under the ‘One District One Product’ scheme

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