UP To Organise Fifth Groundbreaking Ceremony In November, Eyes Rs 5 Lakh Crore Investments

Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to prepare for the state’s fifth Groundbreaking Ceremony in November, which will showcase private investment projects worth over Rs 5 lakh crore, The New Indian Express reported.

Chairing a meeting of the Industrial Development Department, the UP Chief Minister noted that four GBCs over the past 8.5 years had already implemented projects worth Rs 15 lakh crore, creating jobs for more than 60 lakh youth.

He asked departments to ensure the timely execution and close monitoring of every proposal.

Reviewing land allocation for industrial units, Adityanath urged a sensitive approach to acquisition.

“Everyone has an emotional bond with their land; it is their lifelong capital. If land has to be acquired in the interest of the state, they must receive fair compensation. There should not be a single complaint of exploitation. With dialogue and coordination, this task can be easily achieved. All industrial development authorities should consider increasing the current compensation rates for land acquisition as per the needs of their region. This is the need of the hour and in the farmers’ best interest,” Yogi was quoted as saying by The New Indian Express.

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The Chief Minister asked officials to cancel industrial land allotments left underutilised for three years and reallocate them to other investors.

He also emphasised promoting exports, calling for a FinTech hub in Noida, Greater Noida, or the Yamuna Authority region and urging focused efforts to boost electronic product exports.

Adityanath instructed that the Nivesh Mitra and Nivesh Sarathi portals be made simpler so investors do not have to visit government offices.

He said the new GST reforms from 22 September should benefit citizens.

He also proposed creating 100-acre Sardar Vallabhbhai Patel Employment Zones in every district, calling them “hubs for industry, investment, entrepreneurship, innovation, skill development, and employment.”

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