The land parcels will be acquired by the UP State Industrial Development Authority (UPSIDA) to support the state’s industrial expansion goals.
The Uttar Pradesh (UP) government is working towards creating an industrial land bank of 150,000 acre by 2027. As part of this initiative, 450 acre from six closed textile mills have been earmarked for industrial use. These mills, previously operated under the UP Cooperative Spinning Mills Federation, are located in Sitapur, Fatehpur, Prayagraj, Ghazipur, Farrukhabad, and Bulandshahr districts and have remained non-operational for over two decades.
The land parcels will be acquired by the UP State Industrial Development Authority (UPSIDA) to support the state’s industrial expansion goals. The availability of industrial land is considered crucial for achieving UP’s $1 trillion economy target, prompting efforts to enhance the existing land inventory. The redevelopment of these plots is expected to contribute to economic growth and job creation.
In addition to the current allocation, over 1,000 acre of land from other defunct spinning and yarn mills across multiple districts, including Meerut, Hardoi, Jhansi, Banda, Ballia, Mau, Rae Bareli, Barabanki, Amroha, Bareilly, Bijnor, and Sant Kabirnagar, may also be considered for similar industrial use in the future.
UP aims to acquire nearly 96,000 acre of industrial land in the next two to three years, supplementing its existing inventory of approximately 54,000 acre. This will help in reaching the 150,000-acre target by 2027. The land bank will be developed through UPSIDA and other industrial development authorities, including those in Noida, Greater Noida, Yamuna Expressway, and Gorakhpur.
To accelerate the process, Yogi Adityanath, Chief Minister, has instructed the relevant authorities to expedite land acquisition and allotment. The initiative is expected to attract investments and benefit both large industries and small and medium enterprises.
News source: Business Standard