LUCKNOW: Despite Covid-induced lockdown, Uttar Pradesh has received an investment of around Rs 6,700 crore in the past six months. Industrial authorities have already allotted 426 acres land for these projects. Besides, they have already received more than 40 investment intents of companies from countries like US, UK, Germany, Canada, South Korea and Japan.
This, said infrastructure and industrial development commissioner Alok Tandon, is a reflection of the pro-industry policies of the government and the effort to develop the state even as the Covid-19 pandemic raged in the state.
Tandon said that 326 plots have been allocated to major investors such as Hiranandani Group, Surya Global, Hindustan Unilever, MG Capsules, Kesho Packaging, Mountain View Technologies. The units where work has started or where construction has begun have an employment generation potential of nearly 1.35 lakh, Tandon said.
Post Covid-19 lockdown, UP Government has identified key sectors where it will encourage new investment, said an official. These include bulk drug and medical device manufacturing, logistics, defence, data centres etc. The Greater Noida area, where the Jewar airport is coming up, is also being developed as an industrial hub where upcoming projects include an MSME park, electronics park, apparel park, handicraft park, toys park, cargo complex, MRO facilities etc. These are expected to bring in investments of Rs 40,000 crore and employment to about 2.5 -3 lakh people.
Tandon added that during the past few months, the state also attracted more than 40 investment intents, including from companies from 10 countries such as Japan, US, UK, Canada, Germany and South Korea worth around Rs 45,000 crore.
This includes investments of Rs 750 crore in data centre by Hiranandani Group, Rs 300 crore in an integrated food processing unit by Britannia Industries Ltd, Rs 750 crore in yeast manufacturing by Associated British Food, UK, Rs 200 crore in consumer electronics by Dixon Technologies, Rs 300 crore in footwear manufacturing by Von Wellix, Germany, Rs 953 crore by Surya Global Flexi Films Pvt Ltd, Rs 200 crore in software development by US’ Maq Software, Rs 746 crore in grain infrastructure equipment by Ekagrata Inc, Canada. At present, UP has a land bank of 20,000 acres which is ready to move to. The government has also identified around 22,000 acres of land along expressways for industrial development, which include areas around Firozabad, Agra, Unnao, Chitrakoot, Mainpuri and Barabanki.
“The government launched a ‘Post Covid-19 Accelerated Investment Promotion Policy for Backward Regions 2020’,” Tandon said.