In a meeting chaired by Chief Minister Yogi Adityanath on Tuesday, the Uttar Pradesh Cabinet approved the establishment of the ‘Bundelkhand Industrial Development Authority,’ aiming to create an industrial hub akin to Noida for fostering accelerated development in the region.
State Finance and Parliamentary Affairs Minister Suresh Khanna disclosed that the initial phase of the project would encompass 35,000 acres of land across 33 revenue villages in Jhansi district. The township, designed to emulate the success of the New Okhla Industrial Development Authority (Noida), will require an estimated investment of Rs 6,312 crore, with Rs 5,000 crore allocated in the previous fiscal year and the rest to be provided soon. An additional Rs 5,000 crore in the form of a loan has been earmarked under the Chief Minister Industrial Area Expansion and New Industrial Area Promotion Scheme.
Minister Khanna asserted that this decision is a significant stride towards Uttar Pradesh‘s development goals, aiming to achieve a 1 trillion-dollar economy. The government currently possesses 8,000 acres of gram sabha land, which will be instrumental in the project’s execution, fostering substantial growth in Jhansi. The forthcoming Jhansi Airport and the Bundelkhand Expressway will enhance connectivity, further integrating the township with other expressways on National Highway 27.
A government spokesperson highlighted that this decision not only ensures the assimilation of Bundelkhand into the broader development framework but also promises employment generation and infrastructure development in the region. The move comes as a reward for the region’s political support, with the BJP securing victory in the four Lok Sabha constituencies of Jhansi, Jalaun, Hamirpur, and Banda in the last two parliamentary elections.