UPSIDA’s 48th board meeting passed a budget of ₹6,190 crore for 2025-26

Lucknow : To accelerate industrial development in Uttar Pradesh, the 48th Board Meeting of the Uttar Pradesh State Industrial Development Authority (UPSIDA) was convened on Friday at Lok Bhawan, Lucknow. During the meeting, a comprehensive budget of ₹6,190 crore was approved for 2025-26. Key decisions included reorganising industrial areas based on their development progress, moving forward with the allocation process of spinning mills, and finalising the Ex-LIDA Master Plan 2041.

The meeting was chaired by Chief Secretary and UPSIDA Chairman Manoj Kumar Singh, and UPSIDA CEO Mayur Maheshwari and other senior officials participated.

Several strategic proposals aimed at giving fresh momentum to industrial growth in the state were discussed and approved. The highlight of the meeting was the approval of the ₹6,190 crore budget for 2025-26, which is expected to play a pivotal role in strengthening the state’s industrial infrastructure and launching new projects.

Additionally, it was directed that the Ex-LIDA Master Plan 2041 be submitted to the government after addressing public objections and suggestions.

The following proposals got approval in the board meeting:

▪️The allotment and rate determination of 6 spinning mills, which the government made available to the authority. Approval was also given for the plan maps of Industrial Area Utelwa, District Amethi, ATL Pratapgarh, Spinning Mill Banda, Spinning Mill Meja, Spinning Mill Malwa Fatehpur, etc. It was also instructed that advertisements for allotment should be published soon and the allotment process should be started.

▪️Providing infrastructure facilities and municipal services in the industrial area from the Municipal Corporation.

▪️The plan map of IMC Prayagraj.

▪️Instructions were given to increase the land bank, and for the allotment of the acquired land, instructions were given to publish EOI.

▪️While changing the policy for unit establishment, approval was given to give uniform time in transfer cases like allotment in all types of plots.

▪️Under the current system of authority, by changing the policy in very fast, fast and slow pace industrial areas, industrial areas allotted less than 75% were classified as slow pace, in which the land will be allotted through the Nivesh Mitra Portal and will be allotted by receiving 5% amount in the form of EMD and after allotment, 20% amount will be received within 60 days for the unit establishment, and 75% of the remaining amount will be received in 6 half-yearly installments with interest within three years. In the ultra-fast and fast industrial sector, this process will be done as usual at a slow pace by receiving 10% EMD amount and 40% amount in 60 days.

Chief Executive Officer Mayur Maheshwari stated, “UPSIDA is fully committed to fostering investment in the state and enhancing the industrial ecosystem. The approved budget will facilitate the launch of new projects across various industrial areas in Uttar Pradesh, generating employment opportunities and boosting the local economy.”

He added that the upcoming Pharma Park in Lalitpur and regional development initiatives like Ex-LIDA will significantly strengthen the state’s industrial infrastructure. “These projects represent a major stride toward positioning Uttar Pradesh as the most preferred investment destination in the country,” he emphasized.

Lucknow : To accelerate industrial development in Uttar Pradesh, the 48th Board Meeting of the Uttar Pradesh State Industrial Development Authority (UPSIDA) was convened on Friday at Lok Bhawan, Lucknow. During the meeting, a comprehensive budget of ₹6,190 crore was approved for 2025-26. Key decisions included reorganising industrial areas based on their development progress, moving forward with the allocation process of spinning mills, and finalising the Ex-LIDA Master Plan 2041.

The meeting was chaired by Chief Secretary and UPSIDA Chairman Manoj Kumar Singh, and UPSIDA CEO Mayur Maheshwari and other senior officials participated.

Several strategic proposals aimed at giving fresh momentum to industrial growth in the state were discussed and approved. The highlight of the meeting was the approval of the ₹6,190 crore budget for 2025-26, which is expected to play a pivotal role in strengthening the state’s industrial infrastructure and launching new projects.

Additionally, it was directed that the Ex-LIDA Master Plan 2041 be submitted to the government after addressing public objections and suggestions.

The following proposals got approval in the board meeting:

▪️The allotment and rate determination of 6 spinning mills, which the government made available to the authority. Approval was also given for the plan maps of Industrial Area Utelwa, District Amethi, ATL Pratapgarh, Spinning Mill Banda, Spinning Mill Meja, Spinning Mill Malwa Fatehpur, etc. It was also instructed that advertisements for allotment should be published soon and the allotment process should be started.

▪️Providing infrastructure facilities and municipal services in the industrial area from the Municipal Corporation.

▪️The plan map of IMC Prayagraj.

▪️Instructions were given to increase the land bank, and for the allotment of the acquired land, instructions were given to publish EOI.

▪️While changing the policy for unit establishment, approval was given to give uniform time in transfer cases like allotment in all types of plots.

▪️Under the current system of authority, by changing the policy in very fast, fast and slow pace industrial areas, industrial areas allotted less than 75% were classified as slow pace, in which the land will be allotted through the Nivesh Mitra Portal and will be allotted by receiving 5% amount in the form of EMD and after allotment, 20% amount will be received within 60 days for the unit establishment, and 75% of the remaining amount will be received in 6 half-yearly installments with interest within three years. In the ultra-fast and fast industrial sector, this process will be done as usual at a slow pace by receiving 10% EMD amount and 40% amount in 60 days.

Chief Executive Officer Mayur Maheshwari stated, “UPSIDA is fully committed to fostering investment in the state and enhancing the industrial ecosystem. The approved budget will facilitate the launch of new projects across various industrial areas in Uttar Pradesh, generating employment opportunities and boosting the local economy.”

He added that the upcoming Pharma Park in Lalitpur and regional development initiatives like Ex-LIDA will significantly strengthen the state’s industrial infrastructure. “These projects represent a major stride toward positioning Uttar Pradesh as the most preferred investment destination in the country,” he emphasized.