Yogi government preparing a land bank of more than 1.5 lakh acres

Lucknow| Yogi Adityanath government is continuously making efforts towards making Uttar Pradesh an industrial state. The government aims to create a landbank of over 1.5 lakh acres by 2027, providing the land needed for industrial investment and development in the state. A report related to One Trillion Dollar Economy recently presented to Chief Minister Yogi Adityanath reported that as of September 2024, the government has prepared a landbank of 54 thousand acres of land.

Of this, 30-40 per cent of the land will be used for industrial purposes. This land is being acquired by major industrial development authorities like UPSIDA, Noida, Greater Noida, YEIDA, and GIDA, which will be allotted for industrial projects in various areas of the state.

The Yogi government aims to create a landbank of 82 thousand acres of land by the end of the 2024-25 financial year. After this, a landbank of more than 1.5 lakh acres will be created by acquiring and allotting the remaining land in the next two to three years. So far, 21,751 acres of land have been acquired this fiscal year, a positive sign for industrial expansion. In addition, 5,811 acres of land has been developed and is ready for allotment to industrialists.

Under the leadership of Chief Minister Yogi, many big steps are being taken to speed up the process of industrial development in the state. The Chief Minister himself has directed the Industrial Development Authorities to speed up the process of land acquisition and allotment, so that land can be made available to investors without any difficulty.

The report also pointed out that the potential supply of a total of 82,000 acres of land in the state could be by the end of fiscal year 2024-25. However, the government will still need about 60 to 80 thousand acres of additional land so as to achieve the state’s goal of One Trillion Dollar Economy. In this direction, land acquisition is happening rapidly in industrial areas like Noida, Greater Noida, Yamuna Expressway, Kanpur and Lucknow.

Availability of land has been a big challenge for industrial development. The state government believes that through land banks, not only big industries but also small and medium industries will get adequate space, which will create new employment opportunities in the state.

These efforts being made by the Yogi government will provide a favorable environment to investors. With the acceleration of land allocation and development process, more opportunities will be available to investors in the state. Necessary infrastructure and facilities are being provided to the industrialists by the government, which is opening the doors of industrial development in the state. The availability of security arrangements, better roads, electricity, water supply and communication facilities in industrial areas is making the state more attractive for investment. This positive environment will prove helpful in taking the state to the target of one trillion dollar economy.

Along with this, the government is also working on various schemes and policies to attract investors. Chief Minister Yogi says that a favorable environment is being created for investors in Uttar Pradesh, in which they are being provided better infrastructure, single window clearance system and other facilities. This will help in attracting both foreign and domestic investors to the state. These efforts of the government are also affecting the economy of the state.

There have been several major investments in Uttar Pradesh in recent years, with significant progress in areas such as information technology, manufacturing, food processing and energy. These investments are not only strengthening the economy of the state but are also generating employment opportunities for millions of people.