Historic Move: UP Government Greenlights Bundelkhand Industrial Development Authority for Rapid Growth!

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Lucknow, Sep 12.  In a significant move towards accelerating industrialization in the underdeveloped Bundelkhand region, the Uttar Pradesh government, under the leadership of Chief Minister Yogi Adityanath, has given the nod for the establishment of the ‘Bundelkhand Industrial Development Authority’, mirroring the successful model of Noida.

 

Finance and Parliamentary Affairs Minister, Suresh Khanna, announced this pivotal decision following a state cabinet meeting. The newly-formed Bundelkhand Industrial Development Authority, akin to the 1976-founded Noida, is set to be initiated under the ambit of the Bundelkhand Chief Minister Industrial Area Expansion and New Industrial Area Promotion Scheme.

 

This milestone marks the first instance in 47 years that such an industrial development authority has been established, a testament to the government’s commitment towards the region’s progress.

 

The inaugural phase of the project will witness the acquisition of 35,000 acres of land spanning 33 revenue villages in Jhansi, incurring a cost of Rs 6,312 crore. Minister Khanna affirmed that the government earmarked Rs 5,000 crore in the financial year 2022-23 for the establishment of the Bundelkhand Industrial Development Authority. Furthermore, in the current fiscal year (2023-24), an additional provision of Rs 5,000 crore, in the form of a loan, has been allocated under the Chief Minister Industrial Area Expansion and New Industrial Area Promotion Scheme.

 

Minister Khanna lauded the government’s decision, emphasizing its far-reaching implications. He stated, “This is a monumental decision. I am optimistic that the Jhansi region will undergo extensive development, contributing significantly to the overall progress of Uttar Pradesh.”

 

Jhansi, a pivotal hub of railway connectivity, will witness land acquisition along the Jhansi-Lalitpur and Jhansi-Gwalior roads in alignment with this transformative initiative.

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