‘Manufacturing sector contributes Rs 2.81 lakh crore to UP’s economy’

Lucknow, Apr 9: The manufacturing sector has emerged as a key driver in Uttar Pradesh’s economic growth, contributing Rs 2.81 lakh crore to the state’s Gross State Value Addition (GSVA) during 2024-25, according to officials at the recent Invest UP 2.0 review meeting. This achievement represents approximately 77% of the year’s target of Rs 3.61 lakh crore.

According to a statement, under Chief Minister Yogi Adityanath’s leadership, the state has successfully attracted Rs 50,000 crore in manufacturing investments during the current fiscal year. Officials project an ambitious Rs 3 lakh crore investment target for the manufacturing sector in 2025-26, aimed at achieving a gross value addition of Rs 1.25 lakh crore.

The positive manufacturing performance aligns with national trends, as India recorded a 4.0% growth in the Index of Industrial Production (IIP), signaling steady industrial expansion across the country.

To position Uttar Pradesh as a manufacturing hub and support the Chief Minister’s $1 trillion economy mission, the state government is implementing strategic initiatives including the development of a dedicated land bank and raw material bank. Additionally, Aligarh, Unnao, Prayagraj, and Jhunsi are being designated as special investment regions to attract further industrial development.

The manufacturing sector’s growth under Invest UP 2.0 is not only bolstering the state’s economic indicators but also generating significant employment opportunities across the region, officials noted during the review meeting, the statement said.