UP gears up for November ‘Ground Breaking’ event in November with investment projects worth Rs 5 lakh crore

Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to begin preparations for the fifth Groundbreaking Ceremony (GBC), slated for November with private investment projects worth over Rs 5 lakh crore.

Chairing a high-level meeting with the Industrial Development Department, the Chief Minister emphasised that the previous four GBCs held over the last 8.5 years have already resulted in the implementation of projects worth Rs15 lakh crore, generating employment for more than 60 lakh youth.

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He stressed on the importance of timely execution and regular monitoring of all investment proposals to ensure effective outcomes.

While reviewing proposals for land allocation to various private industrial units, the Chief Minister instructed that the process of land acquisition should be carried out with sensitivity and fairness

“Everyone has an emotional bond with their land; it is their lifelong capital. If land has to be acquired in the interest of the state, they must receive fair compensation. There should not be a single complaint of exploitation. With dialogue and coordination, this task can be easily achieved. All industrial development authorities should consider increasing the current compensation rates for land acquisition as per the needs of their region. This is the need of the hour and in the farmers’ best interest”, the CM said.

In addition to land and investment concerns, the Chief Minister focused on enhancing Uttar Pradesh’s export potential. He called for the development of a dedicated FinTech hub in Noida, Greater Noida, or the Yamuna Expressway Industrial Development Authority region, with large banking institutions setting up offices there.

He also highlighted the need for focused efforts to boost electronic product exports and ordered the cancellation of industrial land allotments that remain unutilized for more than three years reallocated to other investors.

Chief Minister Yogi Adityanath stressed the need to make the Nivesh Mitra and Nivesh Sarathi portals simpler and more user-friendly, ensuring that investors—big or small—do not have to visit government offices. He also directed that the GST reforms taking effect from September 22 should benefit every citizen, expressing confidence that they will directly help the common man.

At the meeting, the Chief Minister also discussed the plan to develop special employment zones dedicated to Sardar Vallabhbhai Patel in every district. He said that step by step, these employment zones must be developed in at least 100 acres in every district, and land availability for this must be ensured. These zones will become hubs for industry, investment, entrepreneurship, innovation, skill development, and employment. This plan will become a model for the entire country.

During the meeting, officials shared that a target of Rs 5 lakh crore in Gross Value Added (GVA) has been set for the manufacturing sector for the financial year 2025–26. To achieve this, the registration of 8,000 new and existing units under the Factories Act is required, with 1,354 units registered so far. The Chief Minister gave instructions to accelerate the process of labour reforms and to activate unused industrial plots.