State to showcase Defence Corridor potential at Delhi meet

To attract big investment in the state, the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) is organising the Uttar Pradesh Defence and FDI conclave in New Delhi on June 30 in which both Indian and foreign firms will take part.

- HT Correspondent

LUCKNOW: For the second consecutive financial year, Uttar Pradesh is all set to outpace other states in terms of capital expenditure.

A report prepared by the Bank of Baroda (BOB) has projected the state to account for 16.3% of the country's total capital expenditure in FY 2025-26—the highest among all states.

After leading in FY 2024-25, Uttar Pradesh is set to maintain a strong position in the ongoing financial year, said the state government on Tuesday.

Capital expenditure refers to the amount spent by governments on the construction or acquisition of fixed assets such as roads and highways, schools and hospitals. It is an expenditure made for future infrastructure and development.