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
Real Estate

Ashwin Sheth Group Launches ‘The Pink Perk’ to Empower Women Homebuyers

Ashwin Sheth Group has introduced ‘The Pink Perk’, a special initiative for Women’s Month, offering a 3 per cent saving for women homebuyers (T&C apply) across all its Mumbai projects. The offer is valid until 31 March 2025.The campaign challenges the Pink Tax, where women often pay more for similar products and services. With The Pink Perk, Ashwin Sheth Group flips the script, providing an exclusive financial advantage to women taking charge of their homeownership journey.Bhavik Bhandari, Chief Sales and Marketing Officer, Ashwin Sheth Group, stated: “The Pink Perk is our way of c..

Next Story
Infrastructure Transport

Shipping Ministry Aims to Complete 150 Projects by September 2025

The Ministry of Ports, Shipping and Waterways (MoPSW) organised a two-day ‘Chintan Shivir, 2025’ in Srinagar with a vision to evaluate, reset, discover and apply solutions to unlock potential of the Blue Economy of India. Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal reviewed undergoing projects of the Ministry — worth Rs 2 Trillion — and drew up a goal, after consultative deliberation with the experts, of completing at least 150 projects by September, 2025. The event focused on strengthening India’s shipbuilding and repair capabilities, improving financial and..

Next Story
Infrastructure Urban

NHRC Concludes 2nd ITEC Program on Human Rights for Global South NHRIs

The 2nd six-day ITEC Executive Capacity Building Programme on Human Rights for senior functionaries of the National Human Rights Institutions (NHRIs) of Global South organised by the National Human Rights Commission (NHRC), India in partnership with the Ministry of External Affairs, successfully concluded. The valedictory session was addressed by the NHRC, India Chairperson, Justice V Ramasubramanian in the presence of Members Justice (Dr) Bidyut Ranjan Sarangi, Vijaya Bharathi Sayani & Secretary General, Bharat Lal. The programme, which began on Monday 3rd March, 2025, witnessed participatio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?