UP’s ₹5.3 trillion infra drive targets global tech investments
NEW DELHI : The Uttar Pradesh Government’s ambitious infrastructure drive is setting the stage for a ₹5.3 trillion capital expenditure boom, aimed at transforming the state into a global investment hotspot. With a focus on world-class infrastructure, policy reforms, and partnerships with international tech giants, UP is making strides toward its vision of becoming a $1 trillion economy.
Key initiatives include the construction of expressways, new airports, data centers, and industrial corridors. These projects aim to enhance connectivity, ease of doing business, and attract investments from top global technology hubs such as Silicon Valley, Shenzhen, and Seoul.
In addition to developing physical infrastructure, the government is actively promoting tech-friendly policies to foster innovation, offering incentives for startups, and creating IT parks. This twin focus on infrastructure and technology is expected to generate significant employment and bolster economic growth in the region.
State officials have revealed plans to host a series of roadshows and investment summits in major global cities to showcase UP’s potential and secure commitments from multinational corporations. Early successes, including agreements with prominent global players, underscore the effectiveness of this strategy.
Chief Minister Shri Yogi Adityanath emphasized the government’s commitment to transforming Uttar Pradesh into a global investment hub. “We are building not just infrastructure but a future-ready economy,” he said, highlighting the critical role of infrastructure and innovation in driving the state’s economic ambitions.
Looking ahead, the Yogi Adityanath government aims to leverage this infrastructure development to build a robust network of GCCs. Such centres are fully-owned offshore entities that provide critical services to their parent organisations, including innovation in areas like product development, artificial intelligence (AI), data analytics, and cybersecurity.
“With its strategic location, young workforce, and rapidly developing infrastructure, UP is poised to benefit from the growth of GCCs,” the official added. India is already a global leader in the GCC sector, with the domestic market projected to reach $110 billion by 2030, driven by software exports. By focusing on infrastructure development, skill enhancement, and financial incentives, Uttar Pradesh aims to position itself as a preferred hub for GCC investments.
The state government has drafted UP Global Capability Centres Policy 2024, which is under review and will soon be presented to the state cabinet for approval. The proposed policy offers several incentives to investors, including differentiated land subsidies. These include a 30 per cent subsidy in Gautam Buddha Nagar and Ghaziabad districts, 40 per cent in Paschimanchal (Western UP) and Madhyanchal (Central UP) regions, and 50 per cent in Purvanchal (Eastern UP) and Bundelkhand regions. With a strong presence in the ESDM (Electronics System Design and Manufacturing) and IT sectors—employing over 350,000 professionals and hosting nearly 200 companies—Uttar Pradesh is likely to attract downstream GCCs. Global companies like Samsung, Oppo, Haier, NTT, STT Global, Web-Werks, HCL Technologies, TCS, Infosys, Wipro, Adobe, and Microsoft already operate in the state.