UPSIDA revenue triples as industrial push gains momentum
This transformation is clearly reflected in the sharp increase in UPSIDA's revenue.
In the financial year 2023–24, UPSIDA recorded revenue of ₹1,898 crore, with an estimated ₹1,937 crore projected for FY 2024–25 — marking over a threefold increase compared to FY 2021–22, the state government said on Sunday.
This significant growth highlights not only financial success but also growing investor confidence in Uttar Pradesh, said UPSIDA officials.
The authority's expanded mission now includes establishing Uttar Pradesh as a major industrial hub in India — attracting large-scale investments, creating employment opportunities for youth, and ensuring inclusive and sustainable growth across the state.
Thanks to transparent and efficient land allotment systems, UPSIDA has allotted over 1,600 industrial plots in the past three years. Notably, 798 of these were allotted in FY 2024–25 alone. These allocations have directly boosted industrial investment and created thousands of jobs statewide.
Under the Digital India Mission, UPSIDA has significantly improved service delivery. Through 42 digital services — including the 'Nivesh Mitra' portal, e-auctions, online payments, and grievance redressal mechanisms — the authority has received over 31,000 online applications, 96% of which have already been resolved, the state government reported.
UPSIDA has approved a record budget of ₹6,190 crore for FY 2025–26. This budget will be used to upgrade industrial area facilities, including smart roads, continuous water supply, sewage networks, and 24x7 electricity.
Promoting financial discipline, UPSIDA has reduced administrative expenses by 9%. Simultaneously, infrastructure spending has increased from ₹104 crore in 2017–18 to ₹415 crore in 2023–24, reflecting a strong focus on development.
To enhance women's participation in industrial zones, UPSIDA has introduced pink toilets, dormitories, and women's help desks. Under the Atal Industrial Infrastructure Mission (AIIM), women-focused skill training and health services are also being provided.
In line with its commitment to environmental sustainability, UPSIDA is working on initiatives such as the creation of green zones, effective solid and liquid waste management, and pollution control measures to balance industrial growth with ecological preservation.
Through the mega allotment scheme launched in May 2025, 113 plots were allotted, which is expected to attract ₹700 crore in investment and generate over 4,800 jobs.
Under the government's inclusive industrial policy, small industries are being provided affordable land and simplified procedures, while large investors benefit from dedicated cluster zones and robust policy support.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 days ago
- Time of India
Amausi industrial area is in for a major infra development
1 2 Lucknow: The Amausi industrial area is witnessing massive development, identified as a priority location for large-scale infrastructure upgrades with an investment of Rs 31 crore. The UP state industrial development authority (UPSIDA) is implementing the projects, which include the construction and upgradation of roads, drains, culverts and industrial entry gates. The area will see the development of worker and visitor-friendly amenities, including a Shramik Sewa Kendra to provide essential services for workers, a vending zone and truck lay-by areas for safe and organised parking of heavy vehicles. A cafeteria will be established to provide affordable meals and clean public toilets. To provide accommodation for workers, dormitories will be set up for house workers and staff. An official said that the main works in progress are the maintenance and upgrading of roads and footpaths, truck lay-byes, culverts and internal and external drainage, which will be made at a cost of Rs 12 crore. The construction of roads using FDR technology will involve an investment of Rs 6 crore. Additionally, the construction of an integrated command centre, police outpost and EV charging station will cost Rs 3.4 crore, while street furniture, signages and firefighting equipment will be provided at a cost of Rs 1.2 crore. Projects that are planned and will be executed shortly include horticulture and landscaping worth Rs 1.5 crore, interlocking tiles for road widening at a cost of Rs 2.2 crore, construction of a new drain at Rs 2.6 crore and the construction of a new entry gate with an investment of Rs 50 lakh. UPSIDA has also finalised the selection of a contractor for implementing annual maintenance and solid waste management work at the Amausi industrial area for Rs 1.26 crore. UPSIDA chief executive officer Mayur Maheshwari said, "In line with the industrial vision of the UP govt, UPSIDA is swiftly executing various civil infrastructure projects in Amausi industrial area. Our objective is to provide investors with a streamlined, accessible and modern industrial ecosystem, making UP a leader in 'ease of doing business'. The successful implementation of these projects will not only boost industrial activities but also create new avenues of employment and development at the local level. " Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
6 days ago
- Time of India
Sandila industrial area to get Rs 105crore infra boost
Lucknow: As part of UP govt's industrial push, the Sandila industrial area in Hardoi has emerged as a priority location for large-scale infrastructure upgrades. After reviewing the progress of projects under the Sandila industrial area, UPSIDA CEO Mayur Maheshwari said, "A total investment of Rs 105 crore has been allocated to improve its civil infrastructure. The scope of work includes the construction and upgradation of roads, drains, culverts, and industrial entry gates, all aimed at enhancing the ease of doing business and creating a world-class industrial environment." He added that the facility will be equipped with a comprehensive range of worker and visitor friendly amenities to ensure convenience, comfort, and efficiency. These will include a Shramik Sewa Kendra to provide essential support services for workers, a vending zone, and truck lay-bye areas for safe and organised parking of heavy vehicles. In addition, a cafeteria will offer wholesome and affordable meals, complemented by public toilets to maintain hygiene standards. For accommodation, the premises will feature dormitories to house workers and staff engaged in ongoing projects, ensuring their welfare and readiness for work. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Independence Day wishes , messages , and quotes !
Time of India
08-08-2025
- Time of India
Upsida's planning spurs industrial boom in state
Lucknow: The Uttar Pradesh State Industrial Development Authority (UPSIDA) has emerged as a driving force behind the state's industrial transformation, an official spokesperson said on Friday. The state's industry body was able to record a surge in land allotment and employment generation. "In 2017–18, just 114 acre of industrial land was allotted across UP. By 2024–25, this figure surged to 526 acres, accompanied by the allotment of 261 industrial plots," he said, adding in the financial year 2025-26, 88 acre land was allotted through 261 plots. The spokesperson said that many more milestones were achieved by UPSIDA over the past eight years. He said: "UPSIDA witnessed a remarkable surge in digital adoption through the Nivesh Mitra portal. In 2025–26, 3,059 applications were resolved on the portal, with entrepreneur satisfaction reaching 96.32%. In comparison, the number of applications resolved in 2018-19 was just 625." UPSIDA recorded a 15-fold increase in the worth of industrial developmental works over the past seven years. "In FY 2017–18, UPSIDA undertook industrial development works worth Rs 57 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Unforgettable Cars from the Past Undo This investment rose to Rs 551 crore in FY 2024–25," he said, adding, "In the current financial year 2025–26, works worth Rs 225 crore are already underway." Likewise, UPSIDA's operating revenue has doubled since 2019-20 – from Rs 576 crore in FY 2019–20 to Rs 1,344 crore in FY 2024–25. UPSIDA expanded its digital services from two to 42 now. "So far, more than 31,000 applications have been processed online with a resolution rate of 96%. Yet another indicator is a fourfold growth in the number of operational industrial units. "In FY 2020–21, 403 units could be made operational. This number climbed to 800 units in 2021–22, 1,122 in 2022–23, 1,211 in 2023–24, and 1,418 in 2024–25. Notably, 666 new units were added in just the first quarter of the current financial year," they said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
