LUCKNOW: The year 2022 was quite eventful for Uttar Pradesh as the state saw the inauguration and laying of the foundation for several development projects, opening of two major expressways and the door of both domestic and foreign investment opening up, which might prove to be the game-changer in terms of revitalizing the state’s economy and putting it among the most developed states of the country in the coming years.
One of the most important events of the year was the third groundbreaking ceremony of the Uttar Pradesh Investors Summit in June in which Prime Minister Narendra Modi laid the foundation stone for 1,406 infrastructural projects worth Rs 80,224 crore, which will provide employment to six lakh people.
The groundbreaking ceremony brought investments worth Rs 3.8 lakh crore to the state and will lead to a lot of work in road transport, logistics, defence, IT & electronics, agriculture, renewable energy, pharma, tourism and textile sectors.
Another major development was the decision of Chief Minister Yogi Adityanath to organize Global Investors Summit in February 2023 with the target of bringing investment worth Rs 10 lakh crore to the state as part of his mission to develop the state into a USD 1 trillion economy.
Following the ‘Triple T’ mantra (trade, technology and tourism) given by Prime Minister Narendra Modi, CM Yogi Adityanath engaged with ambassadors and diplomats of foreign countries in India and sent teams to 21 cities of 16 countries to hold roadshows to acquaint officials with the investment potential of UP in different sectors, the industry-friendly policies of the government and the better law and order situation in the state as well as to invite investors to GIS-2023.
The roadshows were successful as UP received investment proposals worth over Rs 7.12 lakh crore from 16 countries, which can provide employment to 7,02,415 youths. Investment proposals worth Rs 4 lakh crore have been received from the UK and the US alone.
The roadshows also evoked good response from investors in France, Canada, Australia, Belgium, Sweden, Mexico, Brazil, Argentina, the UAE, The Netherlands and Singapore, who expressed desire to invest in UP in sectors like IT, defence, agriculture, food processing, tourism, logistics, pharmaceuticals, green hydrogen, dairy, drone technology, renewable energy etc.
In 2022, two major expressways, Purvanchal and Bundelkhand expressways, were also started which put the state on the fast track of development. The six-lane, 341km long Purvanchal Expressway connects nine districts including Lucknow, Barabanki, Amethi, Sultanpur, Ayodhya, Ambedkar Nagar, Azamgarh, Mau and Ghazipur, significantly cutting down travel time between Delhi and Purvanchal region of UP and Bihar.
Similarly, the 296km long Bundelkhand Expressway connecting seven districts – Etawah, Auraiya, Jalaun, Hamirpur, Mahoba, Banda, and Chitrakoot – also became operational this year.
Work is in progress on 594km long six-lane Ganga Expressway, which is expandable to eight lanes. Being constructed at the cost of Rs 36,230 crore, the greenfield expressway connecting eastern UP with western UP and NCR, is scheduled to be completed by 2024. Furthermore, construction of Gorakhpur Purvanchal Link Expressway is in progress while several roads connecting rural areas of UP to cities are also being built.
Work is also underway on the country’s first dedicated Medical Device Park, being built at the cost of Rs 439.4 crore on 350 acres in Yamuna Expressway Industrial Development Authority area, Jewar Airport and Maryada Purushottam Shriram International Airport in Ayodhya, a Mega Food Park on 250 acres at a cost of Rs 90.3 crore at Beheri in Bareilly district and an international film city on 1000 acres of land in Noida. A Swedish firm recently expressed interest in investing in the Film City project.
The year 2022 also saw the inauguration of Atal Industrial Infrastructure Mission and North India’s first hyper-scale data centre Yotta Yotta D1 built at the cost of Rs 5,000 crore in Greater Noida. A centre of excellence in artificial intelligence and machine learning also became operational in Noida. The state has achieved big in terms of infrastructural development and has much to look forward to in 2023.

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