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GBC 4.0: Availability of land emerges as a pivotal factor in drawing investments in Uttar Pradesh

  • Vision and policies of CM Yogi turned a key factor in changing the industrial scenario of Uttar Pradesh
  • The fourth edition of the ground breaking ceremony will be inaugurated on 19th February, more than 25 sectoral policies ensured the transformation journey of Uttar Pradesh

By Our Correspondent

Lucknow: In a momentous event poised to transform the industrial landscape of Uttar Pradesh, a groundbreaking ceremony is set to take place in Lucknow on the 19th of February. Yogi government is going to launch projects worth Rs 10 lakh crore through GBC-4.0, which will be organized from 19 to 21 February at Indira Gandhi Pratishthan in Lucknow. The ceremony will mark the importance of 25-plus sectoral policies, showcasing the state’s commitment to fostering economic growth and attracting significant investment. It’s noteworthy that The Uttar Pradesh government, under the visionary leadership of CM Yogi Adityanath, has strategically unveiled sector-specific policies covering a spectrum of industries along with development of industrial infrastructure, creating an investment-friendly environment. The upcoming groundbreaking ceremony serves as a testament to the state’s unwavering commitment to becoming a preferred destination for industrial investment.

Industrial Development Authorities have large land bank availability
With the availability of vast industrial land bank of lakhs of sq. mt in various industrial authorities, including GIDA, NOIDA and GNIDA, Uttar Pradesh ensures easy availability of land for industries. In fact, Uttar Pradesh State Industrial Development Authority (UPSIDA) alone boasts of 17,05,365.33sq. mt of vacant land, while Utter Pradesh Defence Industrial Corridor possesses 80,47,200 sq. mt. of available land for allocation. Greater Noida industrial development authority has allotted 2,568 plots to industries, while 2,07,924 sq. mt of land is available for allotment. Likewise, Noida industrial development authority has allotted 11,162 industrial plots with 1,734.74 sq. mt. of land available for allotment. Gorakhpur industrial development authority has allotted 981 plots to industrial units and 5,87,106 sq. mt is available for allotment. Significantly, Yamuna Expressway industrial development authority has allotted 261 plots to industries measuring 244.21 acres during the financial year 2022-23 and 2023-24.

Nivesh Sarathi becomes a medium for uninterrupted access to information
As per the vision of CM Yogi, all the industrial development authorities are carefully uploading comprehensive data on vacant plots on the Nivesh Sarathi portal, thereby giving investors uninterrupted access to these related important information. Additionally, various industrial development portals have also shared details regarding available plots on their respective platforms. This transparency and accessibility ensures that potential investors can easily locate and assess opportunities. Provision of making land of sick units available to new investors, exemption of stamp duty in land purchase to eligible investors, many types of land subsidies including ‘Investment Promotion Policy 2023 for Uttar Pradesh FDI, Fortune Global 500 and Fortune India 500 Companies’. Special incentives are being provided to the investors by the Yogi government which is paving the way for ensuring new chapters of investment in the state.

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