29% investment projects will take shape in Purvanchal, 14% in Madhyanchal and 5% in Bundelkhand
With an investment of Rs 10 lakh crore, 33.50 lakh employment opportunities will be available across the state
Steps will be taken towards implementing more than 14K projects in the state
More than 3K participants likely to participate in ground breaking ceremony
By Our Correspondent
Lucknow: The Yogi government is set to mark a significant milestone with the Ground Breaking Ceremony (GBC) 4.0, scheduled for February 19th at the Indira Gandhi Pratishthan in Lucknow. This event will herald the launch of numerous investment projects across the state, signaling a robust economic boost.
Over 52 percent of these projects will be launched in the Paschimanchal region. Additionally, 29 percent of investments will be directed towards Purvanchal, 14 percent towards Madhyachal, and 5 percent towards Bundelkhand.
It’s worth noting that through this ceremony, the Yogi government will initiate investment projects totaling an estimated Rs 10 lakh crore. By implementing such substantial investment proposals within a year of the Global Investors Summit, the Yogi government is poised to achieve yet another milestone in its endeavor to transform the state into a one trillion dollar economy.
GBC to pave way for creation of 33.50 lakh employment opportunities
GBC 4.0 is slated for launch on February 19th in the presence of PM Modi and CM Yogi. This initiative aims to kickstart over 14,000 projects, potentially creating 33.50 lakh employment opportunities. The program expects to host more than 3,000 participants, including eminent industrialists, Fortune Global/India 500 companies, foreign investor partners, Ambassadors/High Commissioners, and other distinguished guests.
Investments to take place across diverse sectors
According to available data, investment initiatives span across various sectors, reflecting a comprehensive economic strategy. The bulk of the investment, totaling 19.24 percent, is designated for the housing sector. Additionally, investments include 15 percent in renewable energy, 13 percent in manufacturing, 10 percent in IT and IT-enabled services, 7.83 percent in logistics and warehousing, 7.5 percent in energy, 6.01 percent in food processing, and 5.27 percent in electronics manufacturing.
Furthermore, investments extend to other vital sectors such as Agriculture (0.37%), Animal Husbandry (0.25%), Automobile & Electric Vehicles (0.33%), Biofuels/Biomass (0.82%), Dairy (1.04%), Defense & Aerospace (0.55%), Distilleries (0.84%), Financial Services (0.12%), Food & Civil Supplies (1.08%), Health Services (2.73%), Hospitality & Entertainment (2.78%), Infrastructure (0.02%), Textiles & Handlooms (1.28%), wood-based industries (1.00%), and miscellaneous sectors (0.11%).
These projects will start:
—NIDP (Hiranandani Group), Sify Technologies, STT Global, Jackson Limited to establish Data Centres across UP.
—Ashok Leyland and Yamaha to set up automobile and EV projects across UP.
—NTPC, Greenko Group, Torrent Power, ACME Group, JSW Energy PSP Six and Tusco to set up thermal, hydro power and solar projects across UP.
—M3M India, INGKA, The House of Abhinandan Lodha to construct residential and retail properties in UP.
—Tata Technologies to upgrade 150 Government ITIs.
—Air India SATS Airport Services and the Sharaf Group to respectively establish an air cargo terminal, cold storages and logistics park.
—Tarq Semiconductors, Dixon Technologies, Haier, Addverb Technoolgies and Kent RO Systems to manufacture electronics products across the state.
—Sharda Group of Institutions, Yashoda Hospitals and Apollo Hospitals to set up super speciality hospitals across UP.
—AB Mauri & Varun Beverages to set up food processing plants in UP.
—Adani Defence Systems and Technologies, Ancor Research Labs, Aerolloy Technologies to invest in defence and weapons manufacturing.
—Banas Dairy and CP Milk and Food Products to invest in the dairy industry of UP
—Century Pulp and Paper, Dalmia Cement Bharat, M/S Indorama India,
Rimjhim Ispat and Fun Zoo Toys to set up various manufacturing units across the state
Fivefold Increase in Investment Projects Anticipated for GBC 4.O
The upcoming fourth groundbreaking ceremony marks a significant milestone for the Yogi government. Preceding this event, three groundbreaking ceremonies have already been organized, collectively bringing in investments worth more than Rs 2.10 lakh crore to the state.
Notably, the Uttar Pradesh Government successfully hosted the UP Investors Summit for the first time in February 2018, where 1,045 MoUs worth Rs 4.28 lakh crore were signed. Subsequently, the first groundbreaking ceremony took place in July 2018, followed by another in July 2019, resulting in the successful launch of 81 projects with an investment of Rs 61,792 crore and about 290 projects with an investment of Rs 67,202 crore, respectively.
In June 2022, the third edition of the groundbreaking ceremony witnessed the launch of over 1,400 projects, amounting to an investment of over Rs 80,000 crore. Remarkably, the projected investment size for the GBC–2024 is five times greater than the cumulative investments from the previous three GBCs, indicating a substantial boost in economic prospects of the state.
