AI spending to touch $5 billion by 2027AI spending to touch $5 billion by 2027

Virendra Singh Rawat

To instill confidence among domestic and global investors, the Uttar Pradesh government will secure industrial corridors with Artificial Intelligence (AI) surveillance.

The elaborate AI-enabled security paraphernalia will be rolled out by nodal agency UP State Industrial Development Authority (UPSIDA) at an investment of Rs 235 crore.

According to reports quoting UPSIDA CEO Mayur Maheshwari, the work on the ‘safe industrial area’ project had been implemented, wherein AI surveillance and monitoring technologies, including high resolution CCTV cameras, would be deployed.

The AI surveillance would automatically alert the local police in case of any security breach, while fire incidents would also be reported promptly to the nearest fire station.

Besides, additional police outposts and fire stations will be set up in the existing and upcoming industrial enclaves.

Earlier, the government had rolled out AI surveillance system for security in civil areas across 75 districts of the state.

The decision to replicate the AI template in the industrial hubs comes in the backdrop of the proposed Ground Breaking Ceremony (GBC) in UP to launch private industrial projects totalling Rs 10 trillion by December 2023.

On umpteenth occasion, UP chief minister Yogi Adityanath has asserted his government espoused a ‘zero tolerance’ policy towards criminals and those patronising such elements.

Meanwhile, the state is in the process of training manpower to operate AI-enabled surveillance systems in collaboration with the skills development department.

Earlier, UPSIDA had planned to acquire 7,000 acres of land to add to its existing inventory of about 15,000 acres. This would ramp up its available industrial grade land bank to 22,000 acres.

At the UP Global Investors Summit (GIS) 2023, UPSIDA had signed over 500 memorandum of understanding (MoU) worth Rs 3.15 trillion with investors.

The maximum investment proposals came for the Western UP region, which accounted for 60 percent of total intents received by the Authority.

The composite UPSIDA investment intents are expected to generate 900,000 million job opportunities across sectors and geographies with the Private Industrial Park domain estimated to create the maximum number of 300,000 jobs through 67 projects.

Kanpur, Lucknow, Ghaziabad, Ayodhya and Agra districts emerged as the most preferred areas for investment.

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Besides, logistics and warehousing topped the investment topper in the Ultra Mega and Super Mega investment categories for UPSIDA. The sector received 28 intents worth Rs 87,500 crore including Rs 67,500 crore and Rs 20,000 crore in the Ultra Mega and Super Mega categories respectively.

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