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PM Modi to start 80,000 crore project for development of UP

by Rishika Choudhury

Date & Time: Jun 04, 2022 7:00 AM

Read Time: 3 minute

Prime Minister Narendra Modi arrived Lucknow on June 3 to take part in the third ground-breaking ceremony of projects committed during the 2018 UP Investors Summit and lay foundation stones of 1,406 projects worth Rs 80,000 crore.

Industrialists who attended the ceremony

The ceremony was attended by leading industrialists Gautam Adani, chairman of Adani Group; Kumar Mangalam Birla, chairman of the Aditya Birla Group; Niranjan Hiranandani of the Hiranandani group, Matthieu Eyries of Air Liquide; Sanjeev Puri of ITC Ltd, Sajjan Jindal of Jindal group, and Yusuf Ali of Lulu Group among others.

Sectors on which the project will be started

The projects for which the foundation stones is laid, include diverse sectors like agriculture and allied industry, IT and electronics, MSME, manufacturing, renewable energy, pharma, tourism, defence & aerospace, and handloom & textiles, among others.

805 projects belongs to the MSME sector

Among the projects that are laying the foundation, 805 belongs to the MSME sector (small and medium-sized enterprises). In the ceremony, a total of Rs 4,459 crore will be pumped into new MSMEs being set up in the state.

Investment will fund 275 projects in agriculture

However, when it comes to investment, the major investment projects are seven data centers and the state plans to invest at Rs 19,928. The UP government said the investment in the ceremony will fund at least 275 projects in agriculture and allied industries, and 65 in pharmaceuticals and medical supplies.

Projects of different sectors and their worth

Among others, there will be six education sector projects worth Rs 1,183 crore, seven related to dairy worth Rs 489 crore, and six in animal husbandry worth Rs 224 crore. Two of these units will be started in 
Agra, three in Aligarh, two in Amethi, one in Ayodhya, seven in Barabanki, two in Bareilly, one in Chandauli, one in Etawah, two in Fatehpur, one in Firozabad, and 40 in Gautam Budh Nagar and Ghaziabad, among other places in the state.

Others include 275 projects of agriculture and allied sector worth Rs 11,297 crore, 26 projects of IT and electronics sector worth Rs 7,876 crore, 13 infrastructure projects worth Rs 6,632 crore, 27 manufacturing projects worth Rs 6,227 crore, 46 handloom and textile projects worth Rs 5,642 crore, 23 renewable energy projects worth Rs 4,782 crore, 19 housing and commercial projects worth Rs 4,344 crore, and eight healthcare projects worth Rs 2,205 crore.

Foundation stones will also be laid for about 23 defence projects worth Rs 1,774 crore, 26 warehousing and logistics projects worth Rs 1,295 crore, education sector projects worth Rs 1,183 crore, and 65 pharma and medical supplies projects worth Rs 1088 crore among others. 23 tourism and hospitality projects worth Rs 680 crore and a Rs 100-crore project related to the film industry will see their foundation stones being laid.

Third ground-breaking ceremony

This is the third ground-breaking ceremony for the projects that were committed in the 2018 investors summit. The first ground-breaking ceremony took place on July 29, 2018, when foundation stones of 81 projects worth Rs 61,500 crore were laid. the second ground-breaking ceremony was held on July 28, 2019 where foundation stones of 290 projects worth Rs 67,000 crore were laid.

Also Read: PM Modi to lay foundation stones for redevelopment of 5 railway stations

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