Latest news with #UttarPradeshStateIndustrialDevelopmentAuthority
Indian Express
8 hours ago
- Business
- Indian Express
Road show on investment opportunities in UP held in Ahmedabad: UPSIDA
The Uttar Pradesh State Industrial Development Authority (UPSIDA) organised a roadshow on Friday in Ahmedabad on the theme 'Investment Opportunities in Uttar Pradesh's Pharmaceutical Sector.' The primary objective of this event was to apprise investors of the vast opportunities available in Uttar Pradesh's growing pharmaceutical industry and to invite them to explore business prospects within the state, a statement said. The event saw participation from key stakeholders in the pharma sector, including industry leaders, investors and policymakers. UPSIDA is developing a Bulk Drug Pharma Park spread across 1,472.33 acres in the Lalitpur district, with a proposed investment of approximately Rs 250 crore. This Pharma Park is estimated to attract an investment of approximately Rs 12000 crore. The event commenced with the registration process, followed by a welcome address by Swapnil Shah, Convenor of the CII Gujarat Pharma & Healthcare Panel and CEO & MD of Senores Pharmaceuticals Ltd. A short film showcasing Uttar Pradesh's industrial growth, investor-friendly policies, and robust infrastructure was presented to give investors a comprehensive overview of the state's potential, said the statement. In his address, UPSIDA CEO Mayur Maheshwari emphasised the rapid development of pharma parks in Uttar Pradesh. He elaborated on the investment process, land allotment, and the range of facilities available to industries, extending a direct invitation to Gujarat-based entrepreneurs to invest in the state. During the investment session held in Ahmedabad, UPSIDA signed several Memorandums of Understanding (MoUs) with leading pharmaceutical and healthcare companies.
Indian Express
2 days ago
- Business
- Indian Express
UPSIDA nod for industrial park in Saharanpur
As part of the Industrial Investment and Employment Promotion Policy-2022, a Rs 70 crore private industrial park in Saharanpur has been approved by the scrutiny committee, chaired by Uttar Pradesh State Industrial Development Authority (UPSIDA) CEO Mayur Maheshwari. The project would feature modern infrastructure including roads, power, water supply, and green zones, a statement issued on Wednesday said. The park will comprise 21 industrial plots, paving the way for the establishment of diverse industrial units. The project is expected to create direct and indirect employment for around 700 persons it said. UPSIDA CEO Mayur Maheshwari said, 'The Industrial Policy-2022 is providing new momentum to industrial growth through active private sector engagement. This project will not only strengthen local industries in Saharanpur, but also enhance Uttar Pradesh's appeal as an investment hub for surrounding regions. UPSIDA remains committed to ensuring a transparent, business-friendly, and employment-oriented environment.'
Hindustan Times
6 days ago
- Business
- Hindustan Times
Kanpur to get U.P's first footwear park
The Uttar Pradesh State Industrial Development Authority (UPSIDA) is setting up the state's first dedicated footwear park in Ramaipur, Kanpur, covering 131.69 acres. Aimed at supporting Micro, Small and Medium Enterprises (MSMEs), the ₹80 crore project will provide integrated infrastructure under a Plug & Play model. In the first phase, 75 industrial plots have been planned, of which 26 plots are now available for allotment through the state's single-window portal, Nivesh Mitra. The allotment rate is set at ₹4,600 per square metre, officials informed on Saturday. UPSIDA CEO Mayur Maheshwari said, 'The proposed footwear park in Kanpur will not only boost regional industrial development but also generate thousands of employment opportunities.' As part of the application process, investors are required to deposit 5% of the land cost at the time of submission. An additional 20% is to be paid within 60 days of the allotment letter. The remaining 75% of the land cost can be paid in equal instalments over three years, with an annual interest rate of 10%. To encourage early investment, UPSIDA is offering a 2% rebate on land costs for those who complete full payment within 60 days. Anchor units investing in the park are also eligible for a 10% special rebate, officials said. The industrial park will follow a Plug & Play model, offering plots equipped with essential infrastructure such as electricity, water, and roads. This will enable investors to begin production at a faster pace while reducing setup time and operational delays.
Time of India
24-05-2025
- Business
- Time of India
Naini industrial area entrepreneurs to benefit from new door to door garbage collection service
Prayagraj: The entrepreneurs of Naini Industrial Area will no longer have to worry about garbage disposal. Uttar Pradesh State Industrial Development Authority (UPSIDA) will now collect garbage from the factories of Naini Industrial Area through door-to-door garbage collection. UPSIDA will not charge entrepreneurs a higher fee but will only charge a maintenance fee of Rs 1 per square metre per year. Until now, the entrepreneurs themselves disposed of the waste from the factories. To solve the problems of entrepreneurs and provide them with maximum facilities, a Samadhan Diwas and Samvad programme was organised with the entrepreneurs of Prayagraj division in Naini Industrial Area on May 2 under the chairmanship of Uttar Pradesh govt's industrial development minister, Nand Gopal Gupta Nandi. The entrepreneurs demanded improvements in electricity, water, cleanliness and other basic facilities in Prayagraj industrial area. Minister Nandi assured the entrepreneurs of these improvements. UPSIDA previously charged Rs 20 per square metre per year from the entrepreneurs of Naini industrial area as a maintenance fee, which did not include garbage disposal. The entrepreneurs had to remove garbage from their enterprises themselves, incurring additional costs. To address this issue, UPSIDA has now decided to dispose of the garbage by conducting door-to-door garbage collection from the factories established in Naini industrial area. The pre-determined maintenance fee of Rs 20 has been increased by just one rupee, making the maintenance fee Rs 21. Now, the entrepreneurs have resolved the problem of garbage disposal at a fee of just one rupee per square metre per year. President of Eastern Chamber of Commerce, Vinay Kumar Tandon, said that the entrepreneurs will benefit from this facility provided by UPSIDA.
Business Standard
22-05-2025
- Business
- Business Standard
Som Distilleries & Breweries conducts Bhoomi Pujan for its upcoming project in Farrukhabad
Som Distilleries & Breweries marked a major milestone with the Bhoomi Pujan for its upcoming Rs 600 crore greenfield project in Khimsepur, Farrukhabad District, Uttar Pradesh. Spread across 40 acres of land allotted by the Uttar Pradesh State Industrial Development Authority (UPSIDA), the state-of-the-art facility will house a brewery, distillery, and advanced manufacturing units under the company's subsidiary Woodpecker Greenagri Nutrients.
