"UPSIDA Has Transformed Itself From A Plot Allocator To An Ecosystem Builder"

MAYUR MAHESHWARI, CEO, UPSIDA, speaks to BW Businessworld on industrial expansion, digital reforms, sustainability, and the roadmap to support Uttar Pradesh's $1 trillion economy vision

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Uttar Pradesh has emerged as one of India's fastest-growing industrial states with strong growth in factories, Gross Value Added (GVA), and employment. How do you see UPSIDA's role in driving this momentum?

UPSIDA has transformed itself from being just a plot allocator to a true ecosystem builder. Since FY2017-18, annual land allotment has grown from 114 acres to 526 acres in FY2024-25, with 798 industrial plots allotted and over 51,000 jobs created. In FY2025-26, works worth more than Rs 225 crore are already underway for maintenance and upgradation of industrial areas.

Our operating revenue has more than doubled, rising from Rs 586 crore in FY2019-20 to Rs 1,345 crore in FY2024-25. The number of operational units has increased fourfold, from 403 in FY2020-21 to 1,634 in FY2024-25, with over 800 new units added by mid-Q2 FY2025-26. This expansion, built on transparency and faster service delivery, has directly contributed to the growth of factories, GVA, and employment across the state.

UPSIDA's adoption of digital platforms like Nivesh Mitra has significantly improved investor satisfaction. How has this digital-first approach transformed transparency and ease of doing business?