UPSIDA Allocates ₹700 Crore Industrial Plots Across UP - 4,800 Jobs Expected

The Uttar Pradesh State Industrial Development Authority (UPSIDA) announced that it has allocated 113 plots across various districts to industrial and commercial entities. Officials stated that these allocations are expected to attract investments worth ₹700 crore and create approximately 4,800 employment opportunities.

Investment and Employment Details

According to UPSIDA officials, the allocation includes 88 industrial plots, 2 commercial plots, and 23 plots distributed through the Nivesh Mitra portal. The authority projected that these developments would generate around 4,800 new jobs across different sectors.

Geographic Distribution and Sector Focus

The allocated plots span multiple industrial hubs throughout Uttar Pradesh, including locations in Kosi Kotwan, Jalaun, Bhogaon in Mainpuri district, Malwan in Fatehpur, Shahjahanpur, Pilkhani in Saharanpur, Ramnagar-2 in Chandauli, Karkhiyaon in Varanasi, IIDC Banther in Unnao, MG Road in Hapur, and Site-C Surajpur in Greater Noida.

Among the commercial allocations, officials noted that one plot is designated for warehouse development in Sikandrabad, Bulandshahr, while another is earmarked for a shopping complex in Site-C, Greater Noida. This expansion reflects the growing demand for commercial real estate investment opportunities across tier-2 and tier-3 cities.

Key Industrial Players and Projects

UPSIDA revealed that Param Industries Ltd secured a warehousing plot valued at ₹36 crore, while Shri Vinayak Group acquired land for a shopping complex worth over ₹31 crore. Evertouch Bioremedies was allocated space for establishing a pharmaceutical manufacturing unit.

Other significant industrial developments include auto parts manufacturing facilities in Unnao by companies such as Hans Energy, Dhara Tools, and Servocon Systems. Ganpati Electricals plans to set up moulding operations in Pilibhit, Om Illumination will establish hardware manufacturing in Jhansi, and Bhaderiya Pharma will develop bulk drug production facilities in Lalitpur.

Strategic Development Approach

UPSIDA emphasized its commitment to a digital and transparent allocation model, which officials stated enhances efficiency and builds investor confidence through technology-enabled processes. The initiative aligns with Noida's real estate boom and supports Uttar Pradesh's goal of achieving a US$1 trillion economy status.

The geographic distribution across tier-2 and tier-3 cities demonstrates the state's focus on balanced industrial development and regional economic parity. This approach supports the broader tier-2 cities growth in Indian real estate emerging across the country.

Future Development Plans

UPSIDA officials indicated that the authority plans to release additional plots in the coming months to maintain investor momentum and continue expanding industrial infrastructure across the state. This ongoing development strategy is expected to further strengthen Uttar Pradesh's position as a major industrial destination, similar to Ghaziabad's real estate growth trends.

Economic Impact Assessment

The recent allocation of 113 plots worth ₹700 crore represents a significant step in Uttar Pradesh's industrial growth strategy. With its technology-driven allocation process and strategic site selection across multiple districts, these investments bring the state closer to achieving its economic aspirations while promoting balanced regional development.

Industry experts suggest that such systematic industrial plot allocations could serve as a model for other states looking to attract investment opportunities. The development is particularly significant for cities like Lucknow's real estate market and surrounding areas, which are witnessing increased industrial activity.

Disclaimer: This news article is based on official announcements from UPSIDA. Investment decisions should be made after conducting proper due diligence and consulting with financial advisors. Market conditions and policy frameworks may change, affecting investment outcomes.