December 27, 2023
1 min read

UP Attracts Mega Investments, Promises 1 Crore Jobs

Efforts are underway to develop Lalitpur Bulk Drug Park, Uttar Pradesh Defense Corridor, Purvanchal Industrial Corridor and Lucknow AI City….reports Asian Lite News


In 2023, investment proposals exceeding Rs 40 lakh crore poured into Uttar Pradesh, paving the way for the creation of employment opportunities for one crore youths in the state.

Notably, efforts are underway to implement these investment proposals on the ground. In the initial months of 2024, there are preparations to launch projects worth Rs 15 lakh crore through the first phase of the Ground Breaking Ceremony (GBC).

Efforts are underway to develop Lalitpur Bulk Drug Park, Uttar Pradesh Defense Corridor, Purvanchal Industrial Corridor and Lucknow AI City.

Film City, Logistics Park, Medical Device Park, Data Centre and Toy Park are also being developed in Greater Noida.

There will be well-designed Grade-A certified commercial spaces for IT companies, state-of-the-art data centres, Grade-A flexible workspace, and tech labs.

The Gorakhpur Industrial Development Authority (GIDA) is developing the Plastic and Toy Park in Gorakhpur.

Under the Defence Corridor in Uttar Pradesh, manufacturing of various defence equipment, including BrahMos missiles, will be undertaken in the coming years.

The development process of the Purvanchal Industrial Corridor was initiated in Uttar Pradesh in the year 2023. It spans 5800 hectares along the banks of five expressways.

To develop Bundelkhand, plans were made to create another industrial city and promote the development of the region, similar to Noida.

In Lucknow, the process of establishing and developing an E-bus manufacturing plant is ongoing.

Fuji Silvertech, a company from Japan, agreed with the Uttar Pradesh government to establish a plant in the state under a significant investment in the year 2023.

Uttar Pradesh is advancing to become a trillion-dollar economy, industrial activities are increasing in every district. (ANI)

ALSO READ: How AI Reshapes India’s Imaging Landscape

Previous Story

Ex-Japan PM Commends Global Peace Drive in Hyderabad

Next Story

J&K Risks Gaza Fate Without Dialogue: Farooq Abdullah

Latest from Business

Accel Puts India’s AI Power in the Spotlight

Under the theme “Engineering India’s AI Advantage,” the exclusive, invite-only event will bring together leading AI founders, researchers, tech CXOs, policymakers, and global investors….reports Asian Lite News Global venture capital firm Accel

SEBI Warns on Strata Exit

Strata was one of the first platforms to register under SEBI’s newly introduced SM REIT framework, which was designed to regulate fractional ownership in real estate and allow investors to pool capital
Go toTop

Don't Miss

India’s Electronics Boom

The country has witnessed rapid growth in electronics manufacturing –

BJP plans big for 2022 polls

Chief Nadda has asked to complete the formation of the