August 2021 \ Business & Investment \ INVESTMENT—UTTAR PRADESH
3,500 industrialists invested in UP in last 4 years

More than 3,500 big industrialists have acquired ...

  • Yogi Adityanath

More than 3,500 big industrialists have acquired land in Uttar Pradesh State Industrial Development Authority (UPSIDA) areas, spread across 51 districts over the last four years since the Yogi Adityanath Government took charge and have set up factories worth Rs 11,500 crore. The factories, which are to be built on UPSIDA land, will provide employment to around one lakh people. Some of these manufacturing units have already been completed and have also started production at their plants while construction of some others is underway. The officers of UPSIDA are working on new projects to bring more investment to the state.

According to the government spokesperson, the projects include setting up of a Mega Leather Park in Unnao and a Perfume Park and a Perfume Museum in Kannauj. Chief Minister Yogi Adityanath said that such schemes will increase investment in traditional industries and help popularise leather products of Unnao and spread fragrance of Kannauj’s perfumes across the world. The Mega Leather Park of Unnao will be spread over an area of 42 acres. With the establishment of this park at a cost of about Rs 550 crore, leading leather products manufacturing companies will set up their factories and boost leather business.

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