UPSIDA passes Rs 6,190 cr budget to boost state's industrial infra

Lucknow: The Uttar Pradesh State Industrial Development Authority (UPSIDA) approved a ₹6,190 crore budget for the financial year 2025-26 during its 48th board meeting on Friday.
"The allocation is expected to play a pivotal role in strengthening the state's industrial infrastructure and launching new projects," said an official spokesperson.
Several key decisions, including reorganising industrial areas based on their development progress, moving forward with the allocation process of spinning mills, and finalising the Ex-LIDA Master Plan 2041, were taken during the meet.
These decisions were taken in the presence of chief secretary and UPSIDA chairman Manoj Kumar Singh and CEO Mayur Maheshwari.
"It was directed that the Ex-LIDA Master Plan 2041 be submitted to the govt after addressing public objections and suggestions," the spokesperson said.
Sharing details about the proposals cleared, officials said the board gave a go-ahead to begin the process for allotment and rate determination of six spinning mills, which the govt made available to the authority. It also approved a proposal that emphasised the need to provide infrastructure facilities and municipal services in the industrial area from the municipal corporation.
The board also gave a green signal to the plan map of IMC Prayagraj.
Officials said instructions were given to increase the land bank, and for the allotment of the acquired land, directions were given to publish the expression of interest.
The board also approved uniform timelines for plot transfers across all categories.
Maheshwari said: "UPSIDA is fully committed to fostering investment in the state and enhancing the industrial ecosystem. The approved budget will facilitate the launch of new projects across various industrial areas in Uttar Pradesh, generating employment opportunities and boosting the local economy."
He added that the upcoming Pharma Park in Lalitpur and regional development initiatives like Ex-LIDA will significantly strengthen the state's industrial infrastructure.
"These projects represent a major stride toward positioning Uttar Pradesh as the most preferred investment destination in the country," he said.