The Yogi Adityanath government 2.0 is expanding the industrial land bank for allotment to investors in Uttar Pradesh.
Since, the state is bracing up for the UP Global Investor Summit 2023, the government is looking to ramp up its industrial land inventory to woo private companies spanning both domestic and international domains.
The UP government is targetting to garner investment worth Rs 10 trillion at the Summit, which will be held in January 2023.
Recently, chief minister Yogi Adityanath had ordered top officials to increase the industrial land bank in UP ahead of the Summit, which is expected to be inaugurated by Prime Minister Narendra Modi.
The industrial land to be acquired will be both virgin and also redeveloped swathes acquirestmented from defunct industries across the state.
In fact, the state has already decided to redevelop unutilised land, aggregating almost 1,500 acres, of defunct textile mills for prospective allotment to private investors.
These mills are located at Meerut, Hardoi, Jhansi, Prayagaraj, Banda, Ballia, Mau, Rae Bareli, Barabanki, Amroha, Bareilly, Ghazipur, Fatehpur, Farrukhabad, Sitapur, Bijnor, Sant Kabirnagar and Bulandshahar districts.
Moreover, the state agencies also acquire land in the vicinity of expressways for different industrial and infrastructure projects.
This land acquisition is basically undertaken by four leading industrial enclaves, including UP State Industrial Development Authority (UPSIDA), Noida, Greater Noida and Yamuna Expressway Industrial Development Authority (YEIDA).