'UP has extensive land bank for industries'
Business Standard|November 29, 2024
As several investments come to Uttar Pradesh (UP), the demand for industrial plots is rising. The Global Investors Summit, held in Lucknow last year, fetched investments worth more than ₹40 trillion. The state government is expanding existing industrial areas and creating new ones. Sector-specific industrial parks are also being set up. MAYUR MAHESHWARI, Chief Executive Officer (CEO) of UP State Industrial Development Authority (UPSIDA), in an interview with Siddharth Kalhans in Lucknow spoke about plans to help industries. Edited excerpts:
Mayur Maheshwari
'UP has extensive land bank for industries'

UP has signed agreements worth more than ₹40 trillion. Does it have enough land to set up industries?

UP has an extensive land bank managed by various industrial authorities, positioning the state well to accommodate a wide range of investors, who have signed MoUs totalling over ₹40 trillion. Together, these authorities manage a total land bank exceeding 1 lakh acres, with thousands of industrial plots across different zones. UPSIDA alone holds approximately 50 per cent of this total land bank, ensuring ample availability to meet the state's industrial demand effectively.

Simultaneously, we are working to expand our land bank and streamline policies to minimise administrative hurdles, ensuring that land acquisition is not a barrier.

What is the land bank position in the state at present?

Currently, the land bank situation is highly favourable, with abundant availability for potential investors. UPSIDA, for instance, has more than 50,000 acres allocated to ensuring land accessibility for new investments. Some of our key flagship projects include Trans Ganga City in Unnao, Saraswati Hi-Tech City in Prayagraj, Mega Food Park in Baheri, Bareilly, IMC Agra, Ittar Park in Kannauj, and Plastic Park in Dibiyapur. These projects showcase our major land banks and offer substantial investment opportunities.

Denne historien er fra November 29, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November 29, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS STANDARDSe alt
Loser takes all
Business Standard

Loser takes all

This book was published in September, three months ahead of the US presidential polls, presumably to reveal to voters the dangers of returning Donald Trump to the White House.

time-read
5 mins  |
November 30, 2024
Business Standard

J&K HC asks Army to pay 46 years' rent to landowner

The High Court of Jammu and Kashmir and Ladakh recently held that the right to property now falls within the realm of human rights.

time-read
1 min  |
November 30, 2024
Business Standard

India, UK navies to develop electric propulsion for next-gen warships

The ministries of defence of India and the UK have signed a statement of intent (SoI) to cooperate in designing and developing Electric Propulsion Systems for the Indian Navy.

time-read
2 mins  |
November 30, 2024
India backs Iskcon, tells Bangladesh to protect minorities
Business Standard

India backs Iskcon, tells Bangladesh to protect minorities

New Delhi hopes arrested monk will get fair trial

time-read
1 min  |
November 30, 2024
HAVING A BALL
Business Standard

HAVING A BALL

Indian bowlers are winning matches and setting IPL auction records. But brands are not yet bowled over. Will Bumrah get bowlers their due?

time-read
5 mins  |
November 30, 2024
Business Standard

Link UPI app to bank account with limited funds, set daily limits

Indians have lost ₹485 crore to frauds on the Unified Payments Interface (UPI) across 632,000 incidents reported until September of the current financial year, according to data from the Ministry of Finance.

time-read
2 mins  |
November 30, 2024
Arpu gains, lower capex augur well for Airtel
Business Standard

Arpu gains, lower capex augur well for Airtel

Brokerages positive on stock; earnings flows may rise over next 24 mths

time-read
2 mins  |
November 30, 2024
NIFTY LOGS BACK-TO-BACK MONTHLY LOSS
Business Standard

NIFTY LOGS BACK-TO-BACK MONTHLY LOSS

Benchmark Nifty 50 index shed 0.3 per cent in November, logging its first back-to-back monthly loss since February 2023.

time-read
1 min  |
November 30, 2024
Lock-up on ₹1.2 trn pre-IPO shares to lift in two months
Business Standard

Lock-up on ₹1.2 trn pre-IPO shares to lift in two months

Lock-up on shares worth nearly ₹1.2 trillion ($14 billion) belonging to 50 companies will end between now and January 31, said Nuvama Institutional Equities in a note.

time-read
1 min  |
November 30, 2024
Margin moderation may cap upsides for Colgate
Business Standard

Margin moderation may cap upsides for Colgate

After gaining over 15 per cent in the first half of the week, the stock of oral care major Colgate-Palmolive (India) has shed about a third of those gains.

time-read
2 mins  |
November 30, 2024