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Home News Yogi govt to conduct mega e-auction of UPSIDA’s 84 industrial plots

Yogi govt to conduct mega e-auction of UPSIDA’s 84 industrial plots

  • UPSIDA sets February 14 as deadline for application, highest reserve price for industrial plot fixed at Rs 64.69 cr
  • Yogi govt initiates mega e-auction of plots to accelerate industrial development

By Our Correspondent

Lucknow: In a move to accelerate industrial development of Uttar Pradesh, the Yogi government is set to facilitate a mega e-auction of 84 industrial plots managed by the Uttar Pradesh State Industrial Development Authority (UPSIDA).

This initiative follows UPSIDA’s earlier endeavor on December 29, 2023, which initiated the process for auctioning 106 industrial, 13 commercial, and 16 build-up hall flatted factory plots. Subsequently, the remaining 84 industrial plots will undergo e-tendering, further advancing the state’s industrial landscape.

The auction process, spearheaded by UPSIDA, will encompass industrial areas across several key districts, including Unnao Trans Ganga City, Kanpur, Prayagraj, Lucknow, Jhansi, Ayodhya, Agra, Hardoi, and Varanasi, leveraging the State Bank of India (SBI) e-tendering portal.

These plots, varying in size and utility, will serve as hubs for industrial, warehousing, commercial, and flatted factory operations, aligning with the Yogi government’s vision for robust industrial growth. Critical details such as reserved prices, total area, and Earnest Money Deposit (EMD) prices have been meticulously provided, ensuring transparency and accessibility.

Notably, the plots range from 2426.97 square meters to 53563 square meters, with the most valuable plot commanding a reserved price of Rs 64.69 crore. Interested parties can secure reserved plots for build-up hall flatted factories with a nominal EMD of Rs 50,000, presenting a lucrative opportunity for diverse industrial endeavors.

The application deadline for participation in the Mega E-Auction has been slated for February 14. UPSIDA, in collaboration with the State Bank of India (SBI), will oversee the e-tendering process through SBI’s dedicated e-tender portal, ensuring a seamless and efficient procedure.

It’s worth highlighting UPSIDA’s pivotal role in expediting industrial progress in Uttar Pradesh. The upcoming Ground Breaking Ceremony (GBC) in Lucknow, scheduled for February 19 at Indira Gandhi Pratishthan, underscores the concerted efforts to translate business intents worth Rs 1.4 lakh crore into tangible industrial establishments.

 

 

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