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Economic development

Yogi Adityanath Directs Preparations for Fifth Groundbreaking Ceremony in November, Worth over Rs 5 Lakh Crore

Strategic Insights

— 1 min read

Chief Minister Yogi Adityanath has directed the preparation for the fifth Groundbreaking Ceremony (GBC) in November, featuring private investment projects worth over Rs 5 lakh crore. The ceremony will showcase projects worth over Rs 5 lakh crore, creating jobs for more than 60 lakh youth. The Chief Minister emphasized the importance of making the Nivesh Mitra and Nivesh Sarathi portals simpler and more user-friendly, ensuring that investors do not have to visit government offices.

Key Takeaways:

  • The Chief Minister has directed the preparation for the fifth Groundbreaking Ceremony (GBC) in November, featuring private investment projects worth over Rs 5 lakh crore.
  • The ceremony will showcase projects worth over Rs 5 lakh crore, creating jobs for more than 60 lakh youth.
  • The Chief Minister stressed the need to make the Nivesh Mitra and Nivesh Sarathi portals simpler and more user-friendly, ensuring that investors do not have to visit government offices.
  • He directed that industrial land allotments be cancelled if left underutilized for three years and reallocated to other investors.
  • The Chief Minister also emphasized the importance of developing a FinTech hub in Noida, Greater Noida, or the Yamuna Authority region, with large banking institutions setting up offices there.
  • He also directed that special employment zones dedicated to Sardar Vallabhbhai Patel be developed in every district, covering at least 100 acres of land.

Statistics:

  • The four Groundbreaking Ceremonies held in the past 8.5 years have already implemented projects worth Rs 15 lakh crore, creating jobs for more than 60 lakh youth.
  • The new and existing units under the Factories Act require registration for the year 2025-- 26, with a target of Rs 5 lakh crore GVA.
  • So far, 1,354 units have been registered, with 8,000 new and existing units required for the target.

Sources:

  • Chief Minister's Office.
  • Uttar Pradesh Industrial Development Department.
  • Indian National Press (Bombay) Pvt. Ltd.

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