UP: CM Yogi Adityanath hands over land to semiconductor, electronics and medical projects in YEIDA; Rs 11,000-crore investments lined up

YEIDA land allotment in UP
CM Yogi Adityanath with the investors (Image via X/CMOfficeUP)

Uttar Pradesh Chief Minister Yogi Adityanath handed over land allotment letters to four organisations on Sunday (18th January), for setting up industrial and education projects in the Yamuna Expressway Industrial Development Authority (YEIDA) area. The land has been allotted to India Chip Private Limited, Ascent Circuits Private Limited, Amber Enterprises India Limited, and Bodhisatva Charitable Trust.

The companies will invest thousands of crores in semiconductor manufacturing, electronics production, and healthcare infrastructure, marking another step in Uttar Pradesh’s push to become a major industrial hub.

Representatives of the companies thanked the Chief Minister and said they were confident about investing in the state. They pointed out that development work in Uttar Pradesh is moving much faster compared to many other parts of the country, mainly due to strong support from the state government and YEIDA.

Big-ticket investments in electronics and semiconductors

India Chip Private Limited, the HCL-Foxconn tie-up, scored 48 acres for a semiconductor chip plant with a whopping ₹3,706.15 crore investment.

Ascent Circuits Private Limited grabbed 16 acres in the Sector-10 electronics hub to make flexible printed circuit boards and semiconductor substrates, putting in ₹3,250 crore. 

Amber Enterprises India Limited got a huge 100 acres in Sector-08 to set up shops for copper-clad laminates, PCB assemblies, computer electronics, and home appliances. It’s set to create jobs for more than 1,500 folks with ₹3,532 crore on the line.

Bodhisatva Charitable Trust landed 20.50 acres in Sector-17A for a medical college, investing ₹532.18 crore.

‘Golden period’ for investment in Uttar Pradesh: CM

While interacting with the investors, Chief Minister Yogi Adityanath said Uttar Pradesh has seen a major industrial transformation over the last eight-and-a-half years. He credited this change to stable policies, good governance, and quick implementation of decisions.

He said the current period is a “golden opportunity” for investors, adding that the state has earned a reputation for delivering results beyond expectations.

The Chief Minister said the state’s “Industry First, Investment First” approach has helped Uttar Pradesh emerge as a safe, stable, and dependable destination for both domestic and global investors.

Strong infrastructure and ease of doing business

CM Yogi said the state has received investment proposals worth ₹45 lakh crore through the UP Global Investors Summit. Of this, projects worth ₹15 lakh crore have already been implemented, while proposals exceeding ₹5 lakh crore are expected to be grounded soon.

He said improved law and order, strong infrastructure, and better connectivity have played a major role in attracting investors. Uttar Pradesh has the country’s largest rail network, wide four- and six-lane highways, and four-lane road connectivity to all district headquarters.

The Chief Minister said nearly 55% of India’s expressways are located in Uttar Pradesh. He also pointed out that the state runs metro services in the highest number of cities, while the Delhi-Meerut Rapid Rail Transit System is already operational.

He added that the fifth international airport at Jewar will soon become operational and is expected to emerge as a major passenger and cargo hub.

IT and electronics sector is gaining momentum

Talking about ease of doing business, the Chief Minister said technology-driven systems, fast approvals, and transparency have improved the investment climate. A team of 118 ‘Udyami Mitras’ has been deployed to support investors, and incentives are being released on time.

He also highlighted the rapid growth of the IT and electronics sector in the state, saying that investments like Amber Enterprises will further strengthen the ecosystem. 

Written by OpIndia Staff
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