UPSIDA set to implement Rs 400 bn investment proposals
ECONOMY & POLICY

UPSIDA set to implement Rs 400 bn investment proposals

The Uttar Pradesh State Industrial Development Authority (UPSIDA) announced on Friday its readiness to implement investment proposals amounting to Rs 400 billion during the first groundbreaking ceremony. Simultaneously, the process of finalising Memorandums of Understanding (MoUs) worth Rs 420 billion for the Ground Breaking Ceremony (GBC) is currently underway, according to a UPSIDA spokesperson.

The spokesperson further stated that the identified land for these investors will soon be made available to them. It is noteworthy that all departments have been assigned specific targets for the groundbreaking ceremony. UPSIDA, specifically, has been given the highest investment target of Rs 1.60 lakh crore, and so far, 224 shortlisted MoUs worth over Rs 820 billion have been identified, as per the statement issued by the Authority.

Mayur Maheshwari, CEO of UPSIDA, mentioned that a total investment proposal of Rs 3.18 lakh crore was received from 600 investors in UPGIS-2023. To facilitate the implementation of these investment proposals, they were categorized into five groups based on investment size: MSME (up to Rs 500 million), large (Rs 0.5-2 billion), mega (Rs 2-5 billion), super mega (5-50 billion), and ultra mega (above Rs 50 billion).

The spokesperson added that different teams have been formed to review these MoUs in three phases. Extensive efforts are being made across sectors to improve infrastructure within the designated timeframe. Land is also being mapped according to the specific requirements of the investors. The spokesperson stated that 199 investors have been provided land and other facilities in 44 districts.

According to the statement from UPSIDA, the largest investment of Rs 70.20 billion is being made by four investors in Chandauli, while Amethi has 30 units with an investment of Rs 47.61 billion.

Also Read
MMRDA leases two properties in BKC to raise Rs 2,900 crore
LIC Housing Finance expands branches, focuses on LAP & recovery


The Uttar Pradesh State Industrial Development Authority (UPSIDA) announced on Friday its readiness to implement investment proposals amounting to Rs 400 billion during the first groundbreaking ceremony. Simultaneously, the process of finalising Memorandums of Understanding (MoUs) worth Rs 420 billion for the Ground Breaking Ceremony (GBC) is currently underway, according to a UPSIDA spokesperson. The spokesperson further stated that the identified land for these investors will soon be made available to them. It is noteworthy that all departments have been assigned specific targets for the groundbreaking ceremony. UPSIDA, specifically, has been given the highest investment target of Rs 1.60 lakh crore, and so far, 224 shortlisted MoUs worth over Rs 820 billion have been identified, as per the statement issued by the Authority. Mayur Maheshwari, CEO of UPSIDA, mentioned that a total investment proposal of Rs 3.18 lakh crore was received from 600 investors in UPGIS-2023. To facilitate the implementation of these investment proposals, they were categorized into five groups based on investment size: MSME (up to Rs 500 million), large (Rs 0.5-2 billion), mega (Rs 2-5 billion), super mega (5-50 billion), and ultra mega (above Rs 50 billion). The spokesperson added that different teams have been formed to review these MoUs in three phases. Extensive efforts are being made across sectors to improve infrastructure within the designated timeframe. Land is also being mapped according to the specific requirements of the investors. The spokesperson stated that 199 investors have been provided land and other facilities in 44 districts. According to the statement from UPSIDA, the largest investment of Rs 70.20 billion is being made by four investors in Chandauli, while Amethi has 30 units with an investment of Rs 47.61 billion. Also Read MMRDA leases two properties in BKC to raise Rs 2,900 croreLIC Housing Finance expands branches, focuses on LAP & recovery

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?