WB study finds investment potential in Kanpur-Auraiya region

Uttar Pradesh's Kanpur Auraiya sub region has vast investment potential of around Rs 8,472.90 crore in the industrial infrastructure sector, which by 2021, can generate an employment of around 10 lakh persons, a study conducted by the World Bank authorities has found.
Global Practice Director at World Bank Washington, Maninder Gill today made a detailed presentation of the study before Principal Secretary, Industries and Infrastructure Development, Sanjiv Saran and Managing Director UP State Industrial Development Corporation, Manoj Singh, an official release issued here said.
The World Bank, which had recently sanctioned a loan of USD 1.1 billion for the construction of a 393 km double line between the Mughalsarai - Bhaupur section of the Eastern Dedicated Freight Corridor (EDFC) project, presented its key findings on three sub-regions of Uttar Pradesh for the augmentation of their industrial infrastructure and link them to the upcoming corridor.

The three sub-regions include Agra-Firozabad sub-region, Kanpur-Lucknow-Unnao-Auraiya sub-region and Allahabad-Varanasi sub-region.
Sanjiv Saran said that the state government has already initiated new industrial projects in these regions, namely- Trans Ganga City, Unnao-Kanpur, Greater Allahabad Sangam City and Plastic City, Aurraiya.
He said that apart from these projects, a theme park in 1000 acres in Agra was being developed. All these areas will incorporate various features of industrialisation as suggested by World Bank. Soon a high level task force of various stakeholders and government departments will be formed to speed up compliance of various suggestions given by World Bank.