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Global Investors Summit 2020: UP to create 1,000-acre land bank for MSMEs

Land bank will flank expressways, industrial corridors for optimising potential

Yogi Adityanath, Narendra Modi, UP Investors Summit, UP CM Yogi Adityanath
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(File photo) | photo: PTI

Virendra Singh Rawat Lucknow
The Uttar Pradesh government plans to create industrial land bank totalling 1,000 acres ahead of the ‘Global Investors Summit’ next February. The event, fashioned along the lines of Vibrant Gujarat, seeks to showcase the state as an ideal investment destination globally.

The land bank will be created in parcels flanking existing or proposed expressways such as the Agra-Lucknow Expressway, Purvanchal Expressway and Bundelkhand Expressway , or industrial corridors, such as Defence Manufacturing Corridor.

Once the land is identified and transferred to the MSME department, it would be used for both setting up common facility centres and allotment to entrepreneurs for industrial units.

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