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Business EconomyPosted at: May 18 2022 12:37PM


New units of MSME worth Rs 3,586 cr to be set up in UP

Lucknow, May 18 (UNI) In another step towards making Uttar Pradesh a major economy and creating employment opportunities, projects consisting of over 865 units of Micro, Small and Medium Enterprises (MSME) worth Rs 3,586 crore will be set up in the third groundbreaking ceremony in the state.
As many as 1,500 projects worth more than Rs 75,000 crore are planned to be launched in the third ground breaking ceremony.
Of this MSME sector will have a contribution of about Rs 3,586 crores. This alone will generate nearly 48,766 employment opportunities in the state.
The highest number of MSME units will be set up in Meerut generating about 13,985 employment opportunities with an investment of Rs 702 crores.
More than 283 units will be set up in Meerut followed by Ayodhya with around 128 units with an investment of Rs 915 crores. Through MSMEs, over 5,991 employment will be generated.
Among the prominent projects that would take off in the ceremony are Rs 4,900-crore and Rs 9,100 crore data centers of Adani and Hiranandani groups respectively, along with Rs 2,100 crore software development centers of Microsoft.
Besides, work on a cement manufacturing plant of Rs 600 crore by Dalmia Group in Mirzapur and detergent plant of Hindustan Unilever Limited would also begin.
According to the officials of the Industrial Development department of UP, of the projects to be launched in the ceremony, investment worth Rs 21,000 crore is in the information technology (IT) and electronic sectors only. Besides, many other projects of textile, tourism, energy, food processing and pharma would also begin.
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