UPSIDA announces Rs 40,000-cr investment plan for phase-I development

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has unveiled investment proposals worth Rs 40,000 crore for Phase-I of their development plan. The identified land for these proposals will soon be made available to the investors. UPSIDA has set a target of Rs 1.60 lakh crore in investments, out of which 224 MoUs worth Rs 82,000 crore have been shortlisted thus far. CEO Mayur Maheshwari informed that a total of Rs 3.18 lakh crore investment proposals were received from 600 investors during UPGIS-2023.

To facilitate the implementation of these investment proposals, they have been categorized into five segments based on investment size: MSME (up to Rs 50 crore), large (Rs 50-200 crore), mega (Rs 200-500 crore), super mega (Rs 500-5,000 crore), and ultra mega (above Rs 5,000 crore). Dedicated teams have been formed to review the MoUs for each phase, as work is underway in various sectors to enhance infrastructure in the identified areas within the stipulated timeframe.

The land is being allocated based on the requirements of the investors, with 199 of them receiving land and other facilities across 44 districts. Chandauli is witnessing the highest investment of Rs 7,020 crore from four investors, while Amethi has attracted 30 units with an investment of Rs 4,761 crore. Additionally, MoUs worth Rs 42,000 crore were signed during the recent groundbreaking ceremony.