Rs 5 lakh crore investment target, Yogi reviews preparations for 5th groundbreaking ceremony

While reviewing proposals for land allocation to various private industrial units, the Chief Minister instructed that the process of land acquisition should be carried out in a smooth and harmonious manner.

He asked all industrial development authorities in the state to consider increasing the current compensation rates for land acquisition in view of the needs of the region as this is the need of the hour and in the best interests of farmers.

“People are emotionally attached to their land since it is their lifelong capital. If land has to be acquired in the interests of the state, they must receive fair compensation. There should not be a single complaint of exploitation. This task can be easily achieved, with dialogue and coordination,” he told the officials.

The CM called for developing a FinTech hub in Noida, Greater Noida, or the Yamuna Authority region, with offices of large banking institutions. He stressed the need for focused efforts to boost electronic product exports and directed that industrial land allotments should be cancelled if left underutilised for three years and reallocated to other investors.

The Chief Minister stressed the need to make the Nivesh Mitra and Nivesh Sarathi portals simpler and more user-friendly, ensuring that investors —big or small — do not have to visit government offices.

He also discussed the plan to develop special employment zones dedicated to Sardar Vallabhbhai Patel in every district.

These employment zones, he added, must be developed in at least 100 acres in every district, and land availability for this must be ensured to make them hubs for industry, investment, entrepreneurship, innovation and skill development.

This plan will become a model for the entire country, he said.

At the meeting, the department informed that for the year 2025–26, a target of Rs 5 lakh crore GVA has been set for the manufacturing sector. For this, registration of 8,000 new and existing units under the Factories Act is required. So far, 1,354 units have been registered, it was informed. The Chief Minister issued instructions to accelerate the process of labour reforms and to activate unused industrial plots.

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