The Yogi Adityanath government in Uttar Pradesh is set to achieve a significant milestone with the Ground Breaking Ceremony (GBC) 4.0, scheduled for February 19 here in Lucknow.

The event will herald the launch of numerous investment projects across the state, signaling a robust economic boost. Over 52 per cent of these projects will be launched in the Paschimanchal region.

Additionally, 29 per cent of investments will be directed towards Purvanchal, 14 per cent towards Madhyachal, and 5 per cent towards Bundelkhand.

It’s worth noting that through this ceremony, the Yogi Government will initiate investment projects totaling an estimated Rs 10 lakh crore. By implementing such substantial investment proposals within a year of the Global Investors Summit, the state government is poised to achieve yet another milestone in its endeavor to transform the state into a one trillion-dollar economy.

GBC 4.0 is slated for launch on February 19 in the presence of PM Modi and CM Yogi. This initiative aims to kick start over 14,000 projects, potentially creating 33.50 lakh employment opportunities. The program expects to host more than 3,000 participants, including eminent industrialists, Fortune Global/India 500 companies, foreign investor partners, Ambassadors/High Commissioners, and other distinguished guests.

According to available data, investment initiatives span across various sectors, reflecting a comprehensive economic strategy. The bulk of the investment, totaling 19.24 per cent, is designated for the housing sector.

Additionally, investments include 15 per cent in renewable energy, 13 per cent in manufacturing, 10 per cent in IT and IT-enabled services, 7.83 percent in logistics and warehousing, 7.5 per cent in energy, 6.01 per cent in food processing, and 5.27 per cent in electronics manufacturing.

Furthermore, investments extend to other vital sectors such as Agriculture (0.37 per cent), Animal Husbandry (0.25 per cent), Automobile & Electric Vehicles (0.33 per cent), Biofuels/Biomass (0.82 per cent), Dairy (1.04 per cent), Defense & Aerospace (0.55 per cent), Distilleries (0.84 per cent), Financial Services (0.12 per cent), Food & Civil Supplies (1.08 per cent), Health Services (2.73 per cent), Hospitality & Entertainment (2.78 per cent), Infrastructure (0.02 per cent), Textiles & Handlooms (1.28 per cent), wood-based industries (1.00 per cent), and miscellaneous sectors (0.11 per cent).

These projects will start:

NIDP (Hiranandani Group), Sify Technologies, STT Global, and Jackson Limited to establish Data Centres across UP.

—Ashok Leyland and Yamaha to set up automobile and EV projects across UP.

—NTPC, Greenko Group, Torrent Power, ACME Group, JSW Energy PSP Six and Tusco to set up thermal, hydropower, and solar projects across UP.

—M3M India, INGKA, The House of Abhinandan Lodha to construct residential and retail properties in UP.

—Tata Technologies to upgrade 150 government ITIs.

—Air India SATS Airport Services and the Sharaf Group to respectively establish an air cargo terminal, cold storage and logistics park.

—Tarq Semiconductors, Dixon Technologies, Haier, Addverb Technologies, and Kent RO Systems to manufacture electronics products across the state.

—Sharda Group of Institutions, Yashoda Hospitals, and Apollo Hospitals to set up super specialty hospitals across UP.

—AB Mauri & Varun Beverages to set up food processing plants in UP.

—Adani Defence Systems and Technologies, Ancor Research Labs, and Aerolloy Technologies to invest in defence and weapons manufacturing.

—Banas Dairy and CP Milk and Food Products to invest in the dairy industry of UP

—Century Pulp and Paper, Dalmia Cement Bharat, M/S Indorama India,

Rimjhim Ispat and Fun Zoo Toys to set up various manufacturing units across the state

Preceding this event, three groundbreaking ceremonies have already been organized, collectively bringing in investments worth more than Rs 2.10 lakh crore to the state.

Notably, the Uttar Pradesh government successfully hosted the UP Investors Summit for the first time in February 2018, where 1,045 MoUs worth Rs 4.28 lakh crore were signed.

Subsequently, the first groundbreaking ceremony took place in July 2018, followed by another in July 2019, resulting in the successful launch of 81 projects with an investment of Rs 61,792 crore and about 290 projects with an investment of Rs 67,202 crore, respectively.

In June 2022, the third edition of the groundbreaking ceremony witnessed the launch of over 1,400 projects, amounting to an investment of over Rs 80,000 crore. Remarkably, the projected investment size for the GBC–2024 is five times greater than the cumulative investments from the previous three GBCs, indicating a substantial boost in the economic prospects of the state.