Land banks, Industrial parks along Expressways: Yogi govt’s roadmap for expediting growth

New Delhi: In a bid to expedite economic growth and promote industrialisation in the state, Uttar Pradesh government’s industrial policy has elaborate plans of setting up land banks for growth of industrial units there.

Land banks will be first created along the Agra-Lucknow Expressway and Purvanchal Expressway and will be extended to other upcoming projects. Setting up industrial units along these units will facilitate in transporting the goods within 10-12 hours across any corner of the state.

In its industrial policy, Yogi Adityanath government has already announced subsidized electricity and fiscal incentives for projects including Film City.

The industrial units, set up on these land banks will attract Foreign Direct Investment (FDI) and help establish private industrial parks around Lucknow-Kanpur, Kanpur-Allahabad and Varanasi-Allahabad zones. The move would generate thousands of direct and indirect job opportunities.

These land banks along the expressways will not only make transportation easier for these industrial units but will also curtail their cost of operation owing to certain benefits.

Places that have been marked for construction of industrial units include Agra-Lucknow Expressway, Yamuna Expressway, Bundelkhand Expressway and Purvanchal Expressway.

Currently, five expressways are being built in Uttar Pradesh. Ganga Expressway and Ballia Link Expressway are the two other proposed expressways, which are gigantic projects with enormous possibilities of growth.