Plan on track to convert expressways into industrial corridors in UP

The state agency, UP Expressways Industrial Development Authority (UPEIDA), will acquire about 100 acres in the vicinity of each expressway project for allotment to industry

Bundelkhand Expressway
Representative image
Virendra Singh Rawat Lucknow
3 min read Last Updated : Aug 31 2023 | 6:11 PM IST
To strengthen its trillion-dollar economy road map, the Uttar Pradesh government will convert expressways into corridors for an array of industries, including manufacturing and food processing.

The state agency, UP Expressways Industrial Development Authority (UPEIDA), will acquire about 100 acres in the vicinity of each expressway project for allotment to industry.

The government will incur nearly Rs 4,000 crore to acquire land near the expressway projects, especially at the entry and exit points, for faster transportation of goods and seamless logistics.

While four expressways are operational in the state, several other expressway projects, including the 595-km Ganga Expressway costing Rs 36,000 crore, are under construction.

The functional expressway projects include Yamuna Expressway, Agra-Lucknow Expressway, Purvanchal Expressway, and Bundelkhand Expressway.

The state targets to complete the Ganga Expressway project by December 2024 before the Mahakumbh Mela in Prayagraj in early 2025.

Since the Yamuna Expressway serves the comparatively developed and well-connected western UP, the state is focusing on the remaining four expressways to spur industrial growth.

For example, industrial corridors are proposed to be set up in Jalaun and Banda districts along the Bundelkhand Expressway.

“Once industrial units are set up in the proposed corridors flanking the expressways, the interstate and intrastate movement of goods will be faster and economical. This will enhance the competitiveness of industries,” a senior UP government official said.

Meanwhile, the UPEIDA has been tasked with preparing a blueprint and conducting pre-feasibility study and preparation of a detailed project report.

The authority will create an industrial land bank beyond the proposed 100 acres near each expressway for allotment to industries on demand.

The faster movement of farm and dairy products, apart from processed food, through the expressways will jack up rural incomes and accelerate the rural economy, which is among the top priorities of the Yogi Adityanath government.

Moreover, the state looks to become a major electric vehicle and battery hub in South Asia and develop a robust charging network on highways and expressways.

Meanwhile, Federation of Indian Chamber of Commerce and Industry (Ficci) President Subhrakant Panda said the growing network of expressways and airports in UP had given a much-needed scope to the landlocked state.

“The state is making significant progress in different sectors, including manufacturing, data centres, electronics, expressways, while exhibiting great potential in advanced manufacturing domains encompassing artificial intelligence, machine learning, etc,” he said on the sidelines of Ficci’s national executive meeting here this week.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :ExpresswayUttar Pradeshyamuna expresswayBundelkhand ExpresswayPurvanchal Expressway

First Published: Aug 31 2023 | 5:51 PM IST

Next Story