'UP has extensive land bank for industries'

As several investments come to Uttar Pradesh (UP), the demand for industrial plots is rising. The Global Investors Summit, held in Lucknow last year, fetched investments worth more than ₹40 trillion. The state government is expanding existing industrial areas and creating new ones. Sector-specific industrial parks are also being set up. MAYUR MAHESHWARI, Chief Executive Officer (CEO) of UP State Industrial Development Authority (UPSIDA), in an interview with Siddharth Kalhans in Lucknow spoke about plans to help industries. Edited excerpts:

- Mayur Maheshwari

UP has signed agreements worth more than ₹40 trillion. Does it have enough land to set up industries?

UP has an extensive land bank managed by various industrial authorities, positioning the state well to accommodate a wide range of investors, who have signed MoUs totalling over ₹40 trillion. Together, these authorities manage a total land bank exceeding 1 lakh acres, with thousands of industrial plots across different zones. UPSIDA alone holds approximately 50 per cent of this total land bank, ensuring ample availability to meet the state's industrial demand effectively.

Simultaneously, we are working to expand our land bank and streamline policies to minimise administrative hurdles, ensuring that land acquisition is not a barrier.

What is the land bank position in the state at present?

Currently, the land bank situation is highly favourable, with abundant availability for potential investors. UPSIDA, for instance, has more than 50,000 acres allocated to ensuring land accessibility for new investments. Some of our key flagship projects include Trans Ganga City in Unnao, Saraswati Hi-Tech City in Prayagraj, Mega Food Park in Baheri, Bareilly, IMC Agra, Ittar Park in Kannauj, and Plastic Park in Dibiyapur. These projects showcase our major land banks and offer substantial investment opportunities.