GK Top NewsLatest NewsWorldKashmirBusinessEducationSportsPhotosVideosToday's Paper

‘UP emerges as key investment destination’

He noted that Uttar Pradesh has become a top choice for global investors due to its world-class infrastructure, including airports, expressways, and highways
12:52 AM Dec 02, 2024 IST | GK NEWS SERVICE
‘UP emerges as key investment destination’
Advertisement

Lucknow, Dec 1: The Uttar Pradesh government, led by Chief Minister Yogi Adityanath, has been making significant strides in transforming the state into an attractive investment hub, as highlighted by Vice President Jagdeep Dhankhar during the UP International Trade Show in Greater Noida.

Vice President Dhankhar praised the state’s progressive industrial policies, emphasizing the “360-degree transformation” achieved under CM Yogi’s leadership. He noted that Uttar Pradesh has become a top choice for global investors due to its world-class infrastructure, including airports, expressways, and highways.

Advertisement

The regions of Noida and Greater Noida have become benchmarks for industrial development, with the upcoming Jewar International Airport expected to further boost the area’s appeal to multinational corporations. Simultaneously, Bundelkhand and Purvanchal are experiencing significant growth, driven by enhanced connectivity, infrastructure improvements, the development of a solar energy hub, and planned defense corridor initiatives.

The government’s strategic industrial initiatives include an ambitious plan to develop 33 villages across 36,000 acres between Kanpur and Jhansi. This Bundelkhand Industrial Development project aims to create an industrial ecosystem that could potentially surpass Noida’s scale. Additionally, the State Capital Region (SCR), modeled after the National Capital Region, integrates five districts around Lucknow, with comprehensive plans for development including a textile park, an industrial hub, an IT park, and an incubation center.

Advertisement

The investment achievements are particularly impressive. The state has signed MoUs worth over Rs 4.68 lakh crore, implemented projects worth more than Rs 4 lakh crore, and initiated 1,500 projects totaling Rs 10.11 lakh crore. The UP Global Investors Summit saw 28,029 MoUs signed, with investment proposals exceeding Rs 40 lakh crore.

Notable projects underway include the revived Gorakhpur fertilizer factory with enhanced production, an 800-acre industrial corridor along the Gorakhpur Link Expressway, and a planned 5,500-acre industrial city in Dakshinanchal. The Bundelkhand-Chitrakoot Link Expressway and Purvanchal-Gorakhpur Link Expressway are also key developments in the pipeline.

The Yogi government’s focused approach on industrial development, particularly in Bundelkhand and Purvanchal, demonstrates a clear commitment to economic growth and regional prosperity. By prioritising infrastructure, connectivity, and investor-friendly policies, Uttar Pradesh is positioning itself as a prime destination for both domestic and international investment.

Advertisement