Latest news with #UPStateIndustrialDevelopmentAuthority
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Business Standard
08-07-2025
- Automotive
- Business Standard
Uttar Pradesh plans ₹700 cr EV park near freight corridor in Kanpur
The project will be developed under a public-private partnership (PPP) model, and will span 500 acres Virendra Singh Rawat Lucknow Listen to This Article Uttar Pradesh is planning to develop an electric vehicles (EV) park worth ₹700 crore in Kanpur, flanking the dedicated freight corridor (DFC), in order to leverage its position as the number one state in EV sales. The project will be developed under a public-private partnership (PPP) model, and will span 500 acres. The UP State Industrial Development Authority (UPSIDA) will anchor the EV park's development, as part of the Kanpur Metropolitan Development Vision 2030. The park will comprise manufacturing units for electric motors, chassis, steel parts and lithium ion cells, along with plants for assembling lithium ion batteries, chargers, controllers
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Business Standard
03-07-2025
- Automotive
- Business Standard
Uttar Pradesh govt plans ₹700 crore EV park near freight corridor
Spanning 500 acres, the project will be anchored by the UP State Industrial Development Authority (UPSIDA) as part of the Kanpur Metropolitan Development Vision 2030 Virendra Singh Rawat Lucknow Listen to This Article Uttar Pradesh has planned to develop an EV Park in Kanpur flanking the Dedicated Freight Corridor (DFC) to leverage its pan-India position in the sales of Electric Vehicles (EV). The EV Park project, encompassing an investment of Rs 700 crore, will materialise under the public private partnership (PPP) model. Spanning 500 acres, the project will be anchored by the UP State Industrial Development Authority (UPSIDA) as part of the Kanpur Metropolitan Development Vision 2030. 'The ambitious project aligns with the grand vision of UP chief minister Yogi Adityanath to establish Kanpur as a major EV hub in India,' a senior
Time of India
20-06-2025
- Business
- Time of India
‘UP set to pushkey biz sectors'
Lucknow: Highlighting the growth story of Uttar Pradesh, chief executive officer of UP State Industrial Development Authority (UPSIDA) Mayur Maheshwari on Friday said that the per capita income of the state has doubled in the past 7-8 years. S peaking during the third edition of UP Logistics and Supply Chain Summit 2025, organized by UPSIDA and CII in Noida, Maheshwari said, "UP has embarked on a transformative journey from being a land of potholes to having 50% of the access-controlled expressways. The per capita income of UP doubled in the past 7-8 years. In terms of infrastructure, Noida has one of the best infra set-ups, even better than its NCR twins. " He added that big industry players like AB Mauri and Ashoka Leyland set up the largest and latest units of yeast and EV manufacturing in UP. "India has 65% dependence on API and bulk drugs from China, and keeping this in mind, the UP govt is building the largest sponsored bulk drug and API manufacturing plant in Lalitpur," he said. CEO, Invest UP, Shashank Chaudhury said: "The state's new policies will give a big push to key sectors like warehousing and logistics, which are critical for future growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo Backed by major initiatives like PM Gati Shakti, UP did a remarkable job in strengthening its infrastructure, making it a preferred destination for industries and investors." Pranay S Garg, former chairman of CII Western UP Zonal Council, said that logistics demand was expected to reach 15.6 trillion ton-km by 2050, and a strong collaboration among govt, industry, and service providers would be required. Chief strategic officer, Transport Corporation of India Ltd, Jasjit Sethi, said that logistics was the invisible backbone of development — but in UP, the backbone should be brought into the spotlight. The summit witnessed deliberations on sessions including UP's Logistics Vision 2030 for Building a One Trillion Economy Backbone and Unleashing the Future of Supply Chain with a focus on the Digital Transformation of Logistics.
Time of India
30-05-2025
- Business
- Time of India
UPSIDA executes 113 mega plot allotments in May
Lucknow: UP State Industrial Development Authority CEO Mayur Maheshwari on Friday said UPSIDA was steadily strengthening and modernising the state's industrial infrastructure to drive Uttar Pradesh towards the goal of becoming a $1 trillion economy. "In line with this vision, UPSIDA executed a mega allotment scheme in May, successfully allotting 113 plots that are expected to attract investments worth ₹700 crore and generate employment opportunities for about 4,800 individuals," he said. As part of this, UPSIDA allotted 88 industrial plots and two commercial properties across various industrial areas in the state. Additionally, 23 industrial plots were allotted through the Nivesh Mitra portal. Among the 113 allotted plots, several industrial areas attracted interest, including Kosi Kotwan, Jalaun, Bhogaon (Mainpuri), Malwan (Fatehpur), Shahjahanpur, Pilkhani (Saharanpur), Ramnagar-2 (Chandauli), Karkhiyaon (Varanasi), IIDC Banther (Unnao), MG Road (Hapur), and Site-C Surajpur (Greater Noida). Additionally, two commercial properties were successfully sold — one warehouse in Sikandrabad (Bulandshahr) and a shopping complex at Site-C in Greater Noida. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Rachyntsi: Scholarships You Can Apply For (Start Now) College Scholarship | Google Search Search Now Undo Maheshwari said: "The enthusiasm shown by entrepreneurs and industrialists indicates that the state has become a trusted hub for investment. Our transparent, tech-enabled allotment process is not only attracting investors but also ensuring timely possession and delivery of infrastructure facilities. UPSIDA remains committed to accelerating industrial infrastructure development and will soon make more plots available— further strengthening the prospects of a New Uttar Pradesh. " Listing out highlights of the mega allotment, he said: "Param Industries Limited acquired land for a warehousing project through the highest bid of Rs 36 crore. Likewise, Shri Vinayak Group secured land for a sector shopping complex by placing a bid exceeding Rs 31 crore." He added that the pharmaceutical sector also saw investment interest, with Evertouch Bioremedies proposing the setting up of a manufacturing unit. He added that several new industrial units will be established as a result of the allotments. In Unnao, Hans Energy, Dhara Tools and Servocon Systems will set up auto parts manufacturing units. In Pilibhit, Ganpati Electricals will establish a moulding unit. In Jhansi, Om Illumination will launch a hardware unit. In Lalitpur, Bhaderiya Pharma will set up a bulk drug manufacturing unit.
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Business Standard
01-05-2025
- Business
- Business Standard
UP to display industries, products at 5-day trade fair in September
The Uttar Pradesh (UP) government will display various industries and products at a four-day day trade fair in September, seeking to impress investors as it works to become a $1 million economy in four to five years. The government will promote 12 industries at UP International Trade Show (UPITS) 2025: small businesses, agriculture and allied industries, energy, environment, health, education, electronics, defence, tourism, transport, electric vehicles, and finance. The third edition of UPITS 2025 is scheduled September 25 to 29 in Greater Noida. "To propel the state's 'vocal for local' vision, the UPITS will promote exports and connect local producers with global buyers, and cement UP's position on the global investment map," said a senior government official. Vietnam was UP's partner country last year when the five-day fair had buyers from 72 nations spanning Europe, Africa, North America, Latin America and Oceania. As many as 35 UP government departments are planning the event this year. It will have 48 participants who will exhibit products and services of 12 sectors in a 50,000 sq metre space. UP State Industrial Development Authority, Gorakhpur Industrial Development Authority, Yamuna Expressway Industrial Development Authority and UP Expressway Industrial Development Authority will participate in the fair. "The prime focus will be on the MSME [micro, small and medium enterprises sector since it is a major job creator and contributes immensely to the industrial output and exports," said the official. More than 30 per cent of the trade fair's exhibition space will be kept for MSMEs. Products supported by geographical indication and One District One Product programmes will be showcased at UPITS 2025. Foods such as Agra's petha and Malihabad mangoes and artisan products like Moradabad brassware and Banarasi saris will be pitched for a global audience.
