UPSIDA Achieves Record Revenue in FY 2023-24

06 May 2024 CW Team

Headquartered in Kanpur, UPSIDA has been instrumental in realizing Chief Minister Yogi Adityanath's vision of transforming Uttar Pradesh into an industrial powerhouse, as highlighted in the government statement. Strategic initiatives aimed at bolstering infrastructure in industrial zones to attract investors have resulted in a significant fourfold increase in infrastructure development expenditure, soaring from Rs 104 crore in FY 2017-18 to Rs 415 crore in FY 2023-24.

Mayur Maheshwari, CEO of UPSIDA, emphasized the authority's commitment to expanding Uttar Pradesh's industrial landscape. He underscored UPSIDA's notable achievements in land allocation, with 693 plots allocated in the fiscal year 2023-24 alone. This initiative not only benefits investors but also strengthens the authority's financial position.

Maheshwari further highlighted UPSIDA's transparent land allocation process through e-auctions and Nivesh Mitra, facilitating the allotment of more than 1,600 plots to investors over the last three years. He attributed the authority's success in gaining investors' trust to this transparent approach.

In the realm of digitization, UPSIDA has played a pivotal role in Uttar Pradesh's economic development. Through Nivesh Mitra, UPSIDA offers 34 online e-services, a significant increase from just two before the onset of COVID-19. More than 31,000 applications have been processed with a satisfaction rate of 96 percent, reflecting the efficiency and effectiveness of these digital initiatives.

Moreover, UPSIDA has prioritized skill development and women's participation in the workforce, establishing women-centric facilities like Pink Toilets and Pink Dormitories under initiatives such as Atal Industrial Infrastructure Mission (AIIM) and Secure Industrial Zone Projects. These efforts have led to increased women's participation and employment in industrial parks across the state.

To address investor and entrepreneur concerns, UPSIDA has set up citizen-facilitation centers, providing immediate and satisfactory solutions to queries related to various departments. These centers aim to streamline processes and enhance the ease of doing business in Uttar Pradesh.

With its remarkable achievements and strategic initiatives, UPSIDA continues to play a pivotal role in propelling Uttar Pradesh towards becoming a key driver of industrial development in the country.

Uttar Pradesh State Industrial Development Authority (UPSIDA) has reached a significant milestone in its journey towards fostering industrial growth in the state, as it announces its highest-ever operating revenue of Rs 1,359 crore for the financial year 2023-24. This achievement, outlined in an official release, reflects a doubling of revenue compared to the fiscal year 2018-19, indicative of a robust trajectory towards industrial prosperity in Uttar Pradesh. Headquartered in Kanpur, UPSIDA has been instrumental in realizing Chief Minister Yogi Adityanath's vision of transforming Uttar Pradesh into an industrial powerhouse, as highlighted in the government statement. Strategic initiatives aimed at bolstering infrastructure in industrial zones to attract investors have resulted in a significant fourfold increase in infrastructure development expenditure, soaring from Rs 104 crore in FY 2017-18 to Rs 415 crore in FY 2023-24. Mayur Maheshwari, CEO of UPSIDA, emphasized the authority's commitment to expanding Uttar Pradesh's industrial landscape. He underscored UPSIDA's notable achievements in land allocation, with 693 plots allocated in the fiscal year 2023-24 alone. This initiative not only benefits investors but also strengthens the authority's financial position. Maheshwari further highlighted UPSIDA's transparent land allocation process through e-auctions and Nivesh Mitra, facilitating the allotment of more than 1,600 plots to investors over the last three years. He attributed the authority's success in gaining investors' trust to this transparent approach. In the realm of digitization, UPSIDA has played a pivotal role in Uttar Pradesh's economic development. Through Nivesh Mitra, UPSIDA offers 34 online e-services, a significant increase from just two before the onset of COVID-19. More than 31,000 applications have been processed with a satisfaction rate of 96 percent, reflecting the efficiency and effectiveness of these digital initiatives. Moreover, UPSIDA has prioritized skill development and women's participation in the workforce, establishing women-centric facilities like Pink Toilets and Pink Dormitories under initiatives such as Atal Industrial Infrastructure Mission (AIIM) and Secure Industrial Zone Projects. These efforts have led to increased women's participation and employment in industrial parks across the state. To address investor and entrepreneur concerns, UPSIDA has set up citizen-facilitation centers, providing immediate and satisfactory solutions to queries related to various departments. These centers aim to streamline processes and enhance the ease of doing business in Uttar Pradesh. With its remarkable achievements and strategic initiatives, UPSIDA continues to play a pivotal role in propelling Uttar Pradesh towards becoming a key driver of industrial development in the country.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..