Increasing industrial investment in small towns of UP!

Lucknow . Big investors from the country and abroad have started showing interest in setting up their factories in small towns of Uttar Pradesh (UP). This change has happened due to the concessions given in the industrial policies of the Yogi government and the immediate solution by the bureaucracy to every investment related problem of the investors who come forward for investment. Because of this, big investors are setting up their venture in many smaller cities like Mathura, Chitrakoot, Prayagraj, Sandila than the big cities of Noida and UP.

In the last two years, industrial investment of more than seven thousand crore rupees has happened in small towns of UP. Not only this, investment of more than four thousand has been done in the last six months on the land of UP State Industrial Authority (UPCIDA) in small towns.

According to UPCIDA CO Mayur Maheshwari, big companies like Pepsi, British Paints, Berger Paints, ITC Limited and Weebley Scott have set up their factories on the land provided by UPCIDA to big investors in small towns of the state. Tow Weebly Scott is also being manufactured in Sandila, which is famous for laddoos. UPcida figures show that in the last six months, Rs 700 crore in Amethi, Rs 150 crore in Rae Bareli, Rs 571 crore in Mathura, Rs 500 crore in Sambhal, Rs 475 crore in Varanasi, Rs 468 crore in Chitrakoot, Rs 200 crore in Hardoi. Industrial investment of Rs.250 crore has been made in Hamirpur, Rs.1100 crore in Pilibhit and Rs.185 crore in Deoria.

The intention of the UP government is to promote industrial investment in the Purvanchal, Bundelkhand and Madhyanchal regions of the state. To fulfill this intention, UPCDA is engaged in developing facilities to increase landbank in small towns and to set up factories there. Under which UPCIDA has prepared more than 12,000 acres of land bank for industrial investment in Bareilly, Hathras, Agra, Mathura, Farrukhabad, Auraiya, Kannauj, Unnao, Hardoi, Sandila, Chitrakoot, Prayagraj, Rae Bareli, Amethi and Pilibhit. Efforts are being made to prepare land banks for industrial investment by acquiring closed units and districts. Under this, 98 acres of land of Auto Tractor Limited in Pratapgarh, 231 acres of BPCL land and 89 acres of Vespa Car Company in Rae Bareli have been acquired by UPCDA. Which will be given to the directors to set up the enterprise.

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