UP Govt Set for Ambitious Groundbreaking Ceremony for Rs 10-Lakh Crore Projects During Diwali

The Uttar Pradesh government is all set to hold a groundbreaking ceremony to for the investment targets of up to Rs 10 lakh crore ahead of the Global Investor Summit (GIS), according to officials, who are carrying out back-to-back meetings for the event, which saw the investment proposals of Rs 33 lakh crore. The groundbreaking ceremony is expected to be held near Diwali.

Initially, the groundbreaking ceremony was supposed to be held in September, within six-month of the GIS that was held in February and was inaugurated by Prime Minister Narendra Modi. But following other important events including MotoGP race that was held between September 22 and 24 in Greater Noida, and UP International Trade Show in September, the groundbreaking ceremony could not be organised in last month.

“However, the ceremony is expected to be held near Diwali,” posted Nand Gopal Gupta, UP minister of industrial development, on ‘X’ (formerly Twitter).

With the investment target of Rs 10 lakh crore this time, the UP government has so far procured Rs 5,83,016 lakh crore. Officials said of the total 6,242 projects proposed, around 2,500 projects are ready for the groundbreaking ceremony.

UP Chief Minister Yogi Adityanath has formed a high-level committee to not only to assist the investors but also to ensure implementation of the proposed projects.

Officials said the monitoring of the investment proposals is being carried out in three stages, by the department of industries, officials assisting the investors and the District Magistrate. “In the recent review meeting, it was found that many DMs are yet to file their report. Once the report is filed, the project will be ready for launch in the upcoming groundbreaking ceremony,” a senior government official said.

Officials said out of 138 investment projects in Barabanki, approval of 104 is awaited.

Similarly, in Gautam Buddha Nagar, against 331 investment projects, the approval for 100 projects is awaited. In Ghaziabad, against 198 projects, the approval of 45 projects is pending, while in Mathura, 44 are awaiting approval. Some of the biggest projects are likely to be in IT, alternative energy, wellness and tourism sectors.