Noida, Uttar Pradesh State Industrial Development Authority (UPSIDA) has recorded operating revenue of Rs 1,359 crore in financial year 2023-24, the highest ever for a public sector undertaking in UP, according to an official release. .
"This achievement marks a two-fold increase in revenue compared to financial year 2018-19, indicating a strong trajectory towards industrial growth in the state," the government release said.
Kanpur-headquartered UPSIDA has made significant progress in realizing Chief Minister Yogi Adityanath's vision of transforming Uttar Pradesh into an industrial powerhouse, the statement said.
Furthermore, UPSIDA's strategic emphasis on strengthening infrastructure in industrial areas to attract investors resulted in a four-fold increase in infrastructure development expenditure. This allocation increased from Rs 104 crore in FY 2017-18 to Rs 415 crore in FY 2023-24.UPSIDA CEO Mayur Maheshwari said that the authority is committed to expanding the industrial landscape of Uttar Pradesh.
"UPSIDA is also doing important work in the area of land allotment. As a result, land allotment has increased, with 693 plots allotted in 2023-24. While this initiative has benefited investors on one hand, the authority on the other The financial position of has also strengthened. Second, he said.Besides, UPSIDA has been successful in gaining the confidence of investors by allotting land in a transparent manner through e-auction and Nivesh Mitra, the IA official said.
"As a result, a record number of over 1,600 plots have been allotted to investors in the last three years, helping Uttar Pradesh become the engine of industrial growth in the country," he said.
Maheshwari further said that digitization has played an important role in the economic development of UP and through Nivesh Mitra, UPSIDA is currently providing 3 online e-services, which were only two before COVID-19.
"As a result, more than 31,000 applications have been disposed of with a satisfaction rate of 96 percent," he said.
Additionally, to promote skill development and increase participation of women in the workforce, UPSIDA has developed women centric facilities like Pink Toilets and Pink Dormitories under initiatives like Atal Industrial Infrastructure Mission (AIIM) and Secure Industrial Zone projects.He said that as a result of these efforts, there has been an increase in women's participation and employment in industrial parks.
Furthermore, he said the authority has set up a citizen-facilitation center to address problems faced by investors and entrepreneurs.
Maheshwari said that through these centres, immediate and satisfactory solutions to queries related to various departments are being provided.
"This achievement marks a two-fold increase in revenue compared to financial year 2018-19, indicating a strong trajectory towards industrial growth in the state," the government release said.
Kanpur-headquartered UPSIDA has made significant progress in realizing Chief Minister Yogi Adityanath's vision of transforming Uttar Pradesh into an industrial powerhouse, the statement said.
Furthermore, UPSIDA's strategic emphasis on strengthening infrastructure in industrial areas to attract investors resulted in a four-fold increase in infrastructure development expenditure. This allocation increased from Rs 104 crore in FY 2017-18 to Rs 415 crore in FY 2023-24.UPSIDA CEO Mayur Maheshwari said that the authority is committed to expanding the industrial landscape of Uttar Pradesh.
"UPSIDA is also doing important work in the area of land allotment. As a result, land allotment has increased, with 693 plots allotted in 2023-24. While this initiative has benefited investors on one hand, the authority on the other The financial position of has also strengthened. Second, he said.Besides, UPSIDA has been successful in gaining the confidence of investors by allotting land in a transparent manner through e-auction and Nivesh Mitra, the IA official said.
"As a result, a record number of over 1,600 plots have been allotted to investors in the last three years, helping Uttar Pradesh become the engine of industrial growth in the country," he said.
Maheshwari further said that digitization has played an important role in the economic development of UP and through Nivesh Mitra, UPSIDA is currently providing 3 online e-services, which were only two before COVID-19.
"As a result, more than 31,000 applications have been disposed of with a satisfaction rate of 96 percent," he said.
Additionally, to promote skill development and increase participation of women in the workforce, UPSIDA has developed women centric facilities like Pink Toilets and Pink Dormitories under initiatives like Atal Industrial Infrastructure Mission (AIIM) and Secure Industrial Zone projects.He said that as a result of these efforts, there has been an increase in women's participation and employment in industrial parks.
Furthermore, he said the authority has set up a citizen-facilitation center to address problems faced by investors and entrepreneurs.
Maheshwari said that through these centres, immediate and satisfactory solutions to queries related to various departments are being provided.
