Yogi government unveils mega investment plans: Rs 1.11 lakh crore inflow expected in UP

The Yogi government in Uttar Pradesh is laying the groundwork for the first phase of the Ground Breaking Ceremony (GBC), anticipating investments from 10 prominent companies totaling Rs 1.11 lakh crore. Following the UP Global Investors Summit in February, the state has already received investment proposals amounting to Rs 40 lakh crore.

The initial phase of GBC is set to witness investments exceeding Rs 13 lakh crore, with major companies like Tata, Hiranandani, Tusco, and Greenco gearing up for projects in sectors such as data centers, retail marts, skill development, and energy within the state.

Among the significant investments in the first phase of GBC, NIDP Developers Private Limited (Hiranandani) Group plans to invest Rs 30,000 crore in establishing a data center park in Noida. Additionally, NTPC Limited aims to invest over Rs 27,000 crore to set up two energy plants in Jhansi and Sonbhadra.

Greenco Company is set to invest more than Rs 17,000 crore in a project in Sonbhadra, and M3M India Pvt Ltd is undertaking a real estate project worth Rs 7,500 crore in Noida. Other notable investments include Tusco Limited's Rs 6,500 crore project for a 1000 MW Matatila Floating Solar Power Plant in Lalitpur and Tata Technology's Rs 4,174 crore commitment to upgrade 150 ITIs in the state.