Industrial hubs worth 110 billion for Uttar Pradesh

Tier-II and -III towns in Uttar Pradesh have received more than Rs 110 billion in investment over the last two years for a variety of projects, indicating the emergence of new industrial hubs. While the state government has been upgrading infrastructure in smaller towns and villages, the private sector is looking beyond the established industrial hubs for investment opportunities due to lower land prices and additional perks. According to officials, while different industrial projects in smaller towns have received Rs 70 billion in investment, the UP State Industrial Development Authority (UPSIDA) enclaves have received about Rs 40 billion in investment in the last six months. Also read: Maersk completes acquisition of LF Logistics Mahindra Logistics opens new warehouse in Nashik