It is anticipated that this textile park will attract investments ranging from Rs 10,000 to Rs 15,000 crore, generating approximately one lakh direct and two lakh indirect employment opportunities.
In an effort to boost the struggling power loom sector, it was announced by the Yogi Adityanath government that a sum of Rs 400 crore has been allocated for the Atal Bihari Vajpayee Powerloom Vidyut Flat Rate Yojana. Furthermore, approval has been granted for a mega textile park under the PM Mega Integrated Textiles Region and Apparel Scheme. The project, set to be established on approximately 1,000 acres on the Lucknow-Hardoi Road, has been provisioned with Rs 400 crore.
It is anticipated that this textile park will attract investments ranging from Rs 10,000 to Rs 15,000 crore, generating approximately one lakh direct and two lakh indirect employment opportunities.
Additionally, the National Institute of Fashion Technology (NIFT) in the prime minister’s constituency, Varanasi, has received a boost of Rs 150 crore in the budget.
Khadi and village industries are also a focus of attention. Under the Pandit Deendayal Gramodyog Rojgar Yojana, a provision for an interest subvention facility for beneficiaries has been made for three years, with a budget of Rs 14 crore allocated for this scheme. Furthermore, a budget of Rs 15.75 crore has been set aside for Khadi and Gramodyog Vikas Satat Rojgaar Protsahan Neeti.
Moreover, an amount of Rs 11.25 crore has been proposed for the Integrated Development Program of Clay Art, aiming to provide employment opportunities to traditional artisans engaged in clay art.
In the realm of IT and Electronics, under the Uttar Pradesh Data Centre Policy-2021, the initial goal was to develop three state-of-the-art private data centre parks and a 250 MW data centre industry in the state. However, a new target has been set, envisioning eight new data centres with a capacity of 900 MW and an estimated investment of Rs 30,000 crore.
Under the Uttar Pradesh Electronics Manufacturing Policy 2017, the target investment of over Rs 20,000 crore was achieved, resulting in the creation of approximately three lakh jobs. Under the new Electronics Manufacturing Policy 2020, as notified by the government, the goal is to attract an investment of Rs 40,000 crore and establish three Centres of Excellence in the state.
In the Micro, Small, and Medium Enterprises (MSME) sector, there are plans to set up 10 pledge parks in the state to encourage industrial establishments in the private sector.