UPSIDA set to implement Rs 400 bn investment proposals

23 May 2023 CW Team

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

Real Estate

02 Apr 2026

Danube Launches Greenz Master Community in Dubai

Danube Properties has recently launched Greenz by Danube, its first large-scale integrated community featuring premium villas and townhouses, marking its expansion into master-planned developments. Located in Dubai International Academic City near Dubai Silicon Oasis, the project sits within a high-growth corridor housing over 100,000 residents. The area is set to benefit from the upcoming District IO technology hub aligned with the vision of Sheikh Mohammed bin Rashid Al Maktoum. The development will offer three- and four-bedroom townhouses, along with five-bedroom semi-detached ..

Jal Jeevan Mission Reports Tap Water For 158.2 mn Rural Households

Since August 2019 the Government of India, in partnership with states, has been implementing the Jal Jeevan Mission (JJM) to enable every rural household to have assured potable water through tap connections. The mission is overseen by the Ministry of Jal Shakti and seeks regular long term supply of prescribed quality water. At the launch only 3.23 Crore, equivalent to 32.3 million (mn), or 16.7 per cent, of rural households had tap connections. As reported by states and union territories on three March 2026 an additional 12.58 Crore, or 125.8 mn households, have been provided connections brin..

MSME Ministry Holds Awareness Camp And Vendor Programme In Dimapur

The Ministry of Micro, Small and Medium Enterprises (MSME Ministry) organised an Entrepreneur Awareness Camp and a Special Vendor Development Programme in Seden Riju, Purana Bazar, Dimapur, Nagaland on 30 March 2026. The programme aimed to create awareness of central initiatives including the National SC-ST Hub (NSSH) scheme and to bridge the gap between demand from central public sector enterprises (CPSEs) and the supply capabilities of SC/ST enterprises. It focused on quality standards, supply chain integration and offered Udyam registration to participants. The programme sought to improve m..