Chief Minister Yogi Adityanath has decided to transform western and central regions of the state into a hub for auto and electric vehicle industries, With a view to make Uttar Pradesh a USD 1 trillion economy. The chief minister has told officials that “the auto and electric vehicle industries in western and central Uttar Pradesh already have ample resources and they just need to be pushed further because the demand for electric vehicles is growing”.
He said such a move will generate employment on a large scale. In the auto industry, the Gross State Value Addition (GSVA) of Uttar Pradesh was USD 1.5 billion in 2019, which can be increased to USD 5 billion in the next five years. In western and central Uttar Pradesh, 9,000-10,000 acres of land will be needed for the development of the industry and the government will spend USD 19-20 billion on this, the release added. Chief Minister Yogi Adityanath stated during the meeting that both large industries and MSMEs (Ministry of Micro, Small & Medium Enterprises) play a significant part in the auto industry and are already well-established in sufficient numbers in western and central UP.
Along with this, the expressway is available for the export of equipment of these industries. At the same time, to promote exports, the Easton Dedicated Freight Corridor can be easily developed here and connected to the expressway.
Auto components and electric vehicles made here will be supplied to the UK, US, Australia and South Asia. The state government has chosen Agra, Shahjahanpur, Aligarh, Prayagraj, Saharanpur, and Etawah to boost the MSME sector, while Gautam Budh Nagar, Ghaziabad, Lucknow, Hapur, Kanpur Nagar, and Meerut have been chosen for the setting up of big enterprises to encourage the auto industry.