Chapter 2 - Noida Authority Online

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? With a fast emerging middle class of nearly 15 million people, it is one ofthe largest untapped markets available to industry.? Availability of Large, inexpensive and disciplined labour force available? UP has more than 0.69 million industrial units in operation out of which2616 are large and medium sized units providing employment to around 2.9million people.? UP is the home to not only the traditional industries like Brass ware Carpets,Perfumes, Silk, Hand looms, and Handicraft but also the modern industrieslike electronics, software and automobiles. etc.Though, basically an agrarian economy (agriculture accounting for 54 % of theState Domestic Product, state has made strides in the Industrial SectorOpportunities in the agricultural sector are fast shrinking and Industry provides thedesired channels for overall economic growth, much needed revenues fordevelopmental programmes and employment generation.UP state is now emerging as major destination for investors both Indian and foreign.It has attracted the 3 highest number of industrial Entrepreneur memorandums andthe 5 highest letter of intents. The state has 379 numbers of projects worth Rs.649.80 billion (Approx. US$13 Bn) under various stages of implementation. Theseprojects account for 4% of the fatal country's proposed investment in variousprojects.The table below summarised the distribution of investment proposed announced andunder implementation) in UP and their relative share in India.
Distribution of Investment - Industry wise as on July 2002Sectors All India Uttar Pradesh Percentageshare of UPRs. Bn No.s Rs. Bn Nos.Food & Beverages 83.52 418 6.34 39 1.0Food Products 70.40 318 5.36 33 0.8Fertilizers 141.33 32 6.41 2 1.0Organic Chemicals 568.76 61 10.00 2 1.5Petroleum Products 789.62 37 107.24 3 16.5Electrical Machinery 39.98 63 6.77 4 1.0Electronics 171.43 361 31.71 28 4.9Automobile 108.19 38 11.00 3 1.7Electricity generation 512.69 636 179.69 20 27.7Electricity distribution 161.91 230 10.88 7 1.7Hotels & Tourism 151.19 206 37.04 6 5.7Road Transport 986.22 1,031 82.99 94 12.8Railway Transport 689.87 273 22.00 26 3.4Misc. Services 1861.56 968 25.28 47 3.9Commercial complexes 857.85 675 21.71 37 3.3All industries 15650.76 6,684 649.80 379 4.2Source : CMIE, August 2002UP is currently accounting for around 4.2% of the country's investment. Out of Rs.649.80 Bn of investment in UP, 31% of the projects are in announcement stage,25% in proposal stage and 44% of them are under implementation stage. Theprojects under implementation relate to electrical appliances, Compact Discs, TVreceivers, Leather products, Consumer electronics, Software development, Autoancillaries and depressed food segments besides several infrastructure projectsincluding roads, industrial parks, integrated townships etc. In UP the major share ofthe investment is accounted by <strong>Noida</strong>/Greater <strong>Noida</strong> and Ghaziabad region. Thisbelt together is accounting for around 25% share of the total investment in UP. Themajor units coming up in this region relate to Electronics software development,footwear, printing services, appears, ago and food processing industry and otherinfrastructure projects like hotels, commercial complexes, industrial parks, R&Dand roads projects etc. Recently Reliance Group of Industries has laid foundationstone for setting up a power project worth Rs. 10,000 Cr. in Dadri, distt. Ghaziabad.
Page 1: Chapter - 2ECONOMIC AND INVESTMENT
Page 8: RECENT GOVERNMENT INITIATIVES TO BO

Chapter 2 - Noida Authority Online

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