“Under the Chief Minister Industrial Area Expansion and New Industrial Area Promotion Scheme, the proposal to develop a new industrial township on the lines of Noida by the Bundelkhand Industrial Development Authority (BIDA) in Jhansi has been approved. In the first phase of the project, an industrial city will be established by acquiring 35 thousand acres of land from 33 revenue villages in Jhansi. The price of this land is Rs 6312 crore,” UP’s Finance and Parliamentary Affairs Minister Suresh Khanna said after the Cabinet meeting.
According to the state officials, the decision not only paves the way for the integration of Bundelkhand’s districts into the broader development framework but also promises to generate an abundance of employment opportunities through infrastructural enhancements.
It is the first decision of the state government to establish a new city since 1976 when it took the decision to establish the industrial city of Noida. The officials said 35,000 acres of land will be acquired in the first phase for the new industrial city.
Suresh Khanna stated that for the establishment of the Bundelkhand Industrial Development Authority, a provision of 5,000 crores was made by the government in the financial year 2022-23, and this year (2023-24), a provision of 5,000 crores in the form of a loan has been made under the Chief Minister Industrial Area Expansion and New Industrial Area Promotion Scheme. Of the land that will be acquired, 8,000 acres belong to the village society.
The Finance Minister emphasized that this is a significant step of the Yogi government. This historic decision will accelerate the multidimensional development of Bundelkhand. The area around Jhansi will be developed on a large scale.
Through this, there is a plan to develop an industrial city on a total of 14,000 hectares of land. This industrial city is proposed on the Jhansi-Gwalior route, which will also be connected to major cities in the country through the National Highway. Besides, it will be well connected to other cities in the state through the Bundelkhand Expressway, passing through the Jalaun district from National Highway 27.
The minister said that the Bundelkhand Industrial Development Authority will boast of all the necessary facilities required for industrial establishments, including townships. Its formation will lead to the overall development of the area and the generation of employment on a large scale.
The general public will get employment opportunities while the region will be developed benefitting the residents directly. This step will also make a huge contribution to the development of the state. The government’s resolve to become a one trillion economy will be achieved through this, the minister said.
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