The Uttar Pradesh State Industrial Development Authority (UPSIDA) is preparing to implement investment proposals worth 40,000 INR-crore, as stated in an official announcement. Investors have already identified land for their projects, which will be made available to them soon.
UPSIDA has been assigned the highest investment target of 1.60 lakh INR-crore, with 224 shortlisted MoUs valued at over 82,000 INR-crore. The investment proposals, categorized into five groups based on the amount, were received from 600 investors during the UP Global Investors Summit-2023.
Efficient review teams have been formed to assess these MoUs in three phases, focusing on timely infrastructure improvement. Land allocation is being carried out to meet investor requirements, with 199 investors already receiving land and facilities in 44 districts.
Prominent investments include 7,020 INR-crore in Chandauli by four investors and 4,761 INR-crore in Amethi across 30 units. Sectors such as logistics and warehousing (41 investors), private industrial parks (32 investors), and food processing (28 investors) will witness significant growth. Purvanchal leads with 65 ready-to-implement units and an investment of 20,189 INR-crore, followed by Paschimanchal (70 units, 12,051 INR-crore), Madhyanchal (60 units, 5,200 INR-crore), and Bundelkhand (4 units, 2,872 INR-crore).
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