To promote industrial and urban growth, the Uttar Pradesh government is stepping up land acquisition across the state.
Nearly Rs 6,000 crore is estimated to be incurred on planned acquisition in Bundelkhand apart from seven major towns namely Gorakhpur, Bareilly, Bulandshahar, Agra, Aligarh, Jhansi and Chitrakoot.
About Rs 5,000 crore will be spent on acquiring land for the proposed Bundelkhand Industrial Development Authority (BIDA), while Rs 1,000 crore will be incurred on new townships.
UP industrial development minister Nand Gopal Gupta Nandi said the government was following the motto of ‘reform-perform-transform’ to metamorphose the development landscape of the state.
He said the state netted over 1,000 investment proposals totalling Rs 3.75 trillion for Bundelkhand at the UP Global Investors Summit 2023. The blueprint of BIDA was drawn up to actualise these projects.
The Yogi Adityanath government is looking to develop 100 new townships to boost economic development and create jobs.
Podcast -How is currency exchange rate fixed?
The new townships will be developed with the help of private sector and in the vicinity of metro cities and big towns to decongest big urban centres and promote the development of new hubs of economic activities.