Lucknow: The Uttar Pradesh State Industrial Development Authority (UPSIDA), the nodal agency for the development of industrial infrastructure in the state, has undertaken plans to upgrade civil and electrical infrastructure in its industrial areas with a record additional expenditure of Rs. 456.28 crore planned in 2023-2024 for upgradation of 93 industrial areas spread across 46 districts in Uttar Pradesh.
According to a press release, this is for the first time in the history of UPSIDA that such a large expenditure is proposed for upgradation of its aging industrial areas. The press release said the proposed upgradation in infrastructure was in line with the vision of chief minister Yogi Adityanath to make Uttar Pradesh the growth engine of the country. The west UP region will receive the maximum upgrading with a total of Rs. 206.57 crore, followed by the central UP with an expenditure of Rs. 152.29 crore. Infrastructure in eastern UP and Bundelkhand regions will be upgraded with a planned expenditure of Rs. 74.46 crore and Rs. 22.96 crore, respectively.
UPSIDA has recently shifted its focus on providing better infrastructure and facilities to its allottees by upgrading and maintaining civil and electrical infrastructure in its Industrial Areas (IAs). This strategy has been successful, as seen in the record allotment done by UPSIDA in 2022-23 and the ₹3.19 lakh crore investment intents showing interest in UPSIDA Industrial Areas signed in the UP Global Investors Summit 2023. These investments are a testament to the confidence that investors have shown in UPSIDA.