As the Uttar Pradesh government gears up for the first phase of groundbreaking ceremony (GBC), 10 major industrial houses are likely to invest Rs 1.11 lakh crores to set up their units in the state, honouring the memorandums of understanding signed by them with the UP government during Global Investors’ Summit held in February last.
It is worth mentioning that the UP government received investment proposals totaling Rs 40 lakh crores during UP GIS-2023.
In the first phase of the GBC, preparations are being made to implement proposals worth Rs 13 lakh crore on the ground, which include proposals of Rs 1.1 lakh crore from industrial giants, including Tata, Hiranandani, Tusco and Greenko among others.
The top industrial houses have expressed their readiness to invest substantially in key sectors such as data centres, retail markets, skill development and energy within the state.
In the first phase, the focus will be on implementing projects related to Data Centre Park to be set up in Gautam Buddha Nagar by NIDP Developers Private Limited (Hiranandani Group). The company has proposed investment of Rs 30,000 crore for setting up of the park in the Yamuna Expressway Industrial Development Authority area.
Similarly, an investment of over Rs 27,000 crore is to be made by NTPC Limited to establish two power plants in Jhansi and Sonbhadra. The UP State Electricity Production Corporation Limited Board has already approved the establishment of a super thermal power plant in Obra, Sonbhadra.
Besides, a project worth more than Rs 17,000 crore by Greenko is set to be established in Sonbhadra. The land acquisition process for the Off-Stream Close Loop Pump Storage Project is progressing rapidly.
Similarly, a project worth Rs 8,000 crore by Sify Infinite Space Limited is being brought on the ground, focusing on information technology (IT) and electronics, with the establishment of a data centre in Noida. This project is currently under construction.
Moreover, a real estate project worth Rs 7,500 crore by M3M India Pvt Ltd is set for launch in Noida. For this, 52,000 square metres of land has been allotted in Sector 94 of Noida and approval has also been received from Real Estate Regulatory Authority (RERA).
Furthermore, Tusco Limited is ready to establish a 1,000-megawatt Matatila Floating Solar Power Plant with an investment of Rs 6,500 crore. The establishment of this park is planned in Lalitpur. All necessary approvals have been obtained for the implementation of the project and significant progress has been made towards its launch during the GBC.
Additionally, Bundelkhand Solar Energy Limited is initiating a project worth Rs 6,000 crore in Jalaun. It has also received approval under the MNRE National Solar Park Scheme of the Government of India.
In Prayagraj and Mirzapur, ACME Cleantech Solutions Pvt Ltd is planning to implement Off-Stream Close Loop Pump Storage Project worth Rs 6,000 crore. The Yogi Adityanath government has provided approval for this project and the land acquisition process is underway.
Meanwhile, the construction of a retail mart by IKEA in Noida with an investment of Rs 4,300 crore has begun after receiving environmental clearance. Tata Technologies is also set to spend Rs 4,174 crore to upgrade 150 ITIs in the state. The MoU for this was signed in front of the chief minister a few months ago.
