| UP sees investment boom: Over 16,000 projects rolling, fifth GBC in the works | | | Early Times Report
Lucknow, July 29: Uttar Pradesh, under the leadership of Chief Minister Yogi Adityanath, is witnessing an unprecedented surge in industrial growth and investment. Backed by transparent policies, timely execution, and an investor-friendly ecosystem, the state has entered a new era of development. Over 16,000 investment projects have taken shape during CM Yogi’s tenure—more than 8,000 have already begun commercial operations, while the rest are in various stages of implementation. Building on this momentum, preparations are underway for the fifth Ground Breaking Ceremony (GBC), set to launch another major wave of investments on the ground.
Uttar Pradesh has hosted two investors summits to date. The first, held in 2018, attracted investment proposals worth Rs 4.28 lakh crore, while the second, in 2023, set a record with proposals of Rs 33.50 lakh crore. To ensure these proposals are implemented efficiently, the government has been conducting GBCs as a key mechanism for fast-tracking projects. Under CM Yogi’s leadership, four GBCs have already been successfully held, bringing large-scale investments to fruition and reshaping the state’s industrial landscape. Sector-wise, manufacturing dominates with 62.25% of the projects, followed by the services sector at 28.09%, with the remainder in infrastructure and other sectors.
Under CM Yogi’s leadership, Uttar Pradesh has built a strong, transparent, and reliable model for attracting investments. With single-window clearances, easy access to industrial land, improved law and order, excellent connectivity, and skilled manpower, the state has emerged as a preferred destination for both domestic and global investors. Continuing this momentum, the upcoming Fifth Ground Breaking Ceremony (GBC-5), scheduled for November 2025, is set to be another major milestone in turning investment proposals into reality. In the first phase alone, the government aims to roll out projects worth Rs 5 lakh crore, with the figure likely to reach Rs 10 lakh crore by the time of the event. GBC-5 is expected to strengthen Uttar Pradesh’s role as a key industrial and economic powerhouse in the vision of an ‘Atmanirbhar Bharat’. The projects will create millions of new jobs, boost local enterprises, and drive overall socio-economic growth across the state. |
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