Don’t miss the latest developments in business and finance.

Highways: Uttar Pradesh's path to become the first $1 trillion state

Since Adityanath took office in March 2017, various expressway projects - either commissioned or still under construction - have a total outlay of Rs 80,000 crore

Highways: UP's path to become first $1 trn state
Virendra Singh Rawat
3 min read Last Updated : Nov 29 2024 | 6:33 AM IST
Uttar Pradesh (UP), one of India’s top state economies, is aiming to become the nation’s first $1 trillion economy. To achieve this ambitious goal, the Yogi Adityanath government is betting on its expansive network of expressways and mega industrial corridors to boost UP’s gross state domestic product (GSDP) from its current level of nearly $300 billion.
 
Prime Minister Narendra Modi has dubbed UP as ‘Express Pradesh’, owing to its extensive expressway projects and the ‘speed of govern­ance’ under Chief Minister Yogi Adityanath.
 
Since Adityanath took office in March 2017, various expressway projects — either commissioned or still under construction — have a total outlay of Rs 80,000 crore.
 
Among the key expressways, the 340-kilometre (km) Purvanchal Expressway and the 296-km Bundelkhand Expressway were inaugurated by Modi in November 2021 and July 2022, respectively.
 
Ongoing projects include the 594-km Meerut-Prayagraj Ganga Expressway and the 91-km Gorakhpur Link Expressway, being developed by the UP Expressway Industrial Development Authority.
 
The Ganga Expressway, which spans 12 districts, is projected to cost Rs 36,000 crore and is expected to be completed before the Prayagraj Mahakumbh 2025.

More From This Section

 
Other expressways under development by the National Highways Authority of India include the 63-km Lucknow-Kanpur Expressway and the 380-km Ghaziabad-Kanpur Expressway.
 
Two major expressways — the 165-km Greater Noida-Agra Yamuna Expressway and the 302-km Agra-Lucknow Expressway — were commissioned before 2017.
 
With expressway projects covering over 40 of UP’s 75 districts, the state now leads India in total expressway length. Currently, UP boasts around 1,225 km of operational expressways, accounting for nearly 45 per cent of India’s total expressway network. Once under-construction expressways are also commissioned, the total length in UP will exceed 1,900 km.
 
This extensive expressway network is complemented by a growing number of domestic and international airports, waterways, dry ports, and logistics hubs.
 
As a result, UP has gained traction and currently ranks second in ease of doing business among states. Improvements in law and order are further fuelling industrial growth across segments.
 
Industrial land bank
 
To support this growth, the Adityanath government is expanding its land inventory for industries spanning manufacturing and services sectors.
 
UP has set a land bank target of 150,000 acres by 2027. With 54,000 acres already in its land bank, the state has envisaged fresh land acquisition of 96,000 acres across 75 districts.
 
UP’s overarching objective is to become a preferred investment destination in South Asia across different sectors, including infrastructure, industry, tourism, food processing, green hydrogen, information technology, micro, small and medium enterprises, energy, power, dairy, banking, hospitality, and more.
 
The land bank will be developed by the UP State Industrial Develop­ment Authority, Noida, Greater Noida, the Yamuna Expressway Industrial Development Authority, and the Gorakhpur Industrial Development Authority.
 
Recently, Adityanath directed development authorities to expedite the land acquisition process to ensure seamless allocation to investors.
 
UP has also established the Bundelkhand Industrial Development Authority (BIDA), modelled after the New Okhla Industrial Development Authority (Noida), to catalyse industrial development in the arid Bundelkhand region.
 
Bundelkhand, known for its parched landmass and outward migration for jobs, is seeking to develop socioeconomically and contribute to UP’s overall growth.
 
In its first phase, BIDA is set to acquire 35,000 acres of land, worth nearly Rs 6,000 crore, spanning 33 revenue villages in Jhansi district.

Also Read

Topics :Samriddhibs eventsHighwaysUttar Pradesh

First Published: Nov 29 2024 | 6:33 AM IST

Next Story