Uttar Pradesh Chief Minister Yogi Adityanath on Thursday virtually laid the foundation stone for a tractor manufacturing plant in the Yamuna Expressway Industrial Development Authority (YEIDA) area of Jewar, with the project expected to generate around 1,200 direct jobs.
The state-of-the-art facility, to be set up by CNH Industrial on 100 acres in Sector 8 of the YEIDA region, involves an estimated investment of Rs 1,200 crore. Besides direct employment, the project is expected to create a significant number of indirect jobs.
Speaking at the event, Adityanath said Jewar was emerging as one of India’s prominent investment destinations. With the development of the Noida International Airport and several industrial projects in the YEIDA region, the area is poised to become a major industrial, economic and logistics hub, he said.
The chief minister attributed the rise in investments to improvements in the state’s law-and-order situation and the government’s zero-tolerance policy towards crime. He also credited the support of local farmers and public representatives for opening up new avenues of development in the region.
Referring to the state’s enforcement measures against illegal activities, Adityanath said the bulldozer had become a “brand of Uttar Pradesh”. He added that manufacturing products such as bulldozers and tractors in the state would help meet growing demand in domestic and international markets.
Under the guidance of Prime Minister Narendra Modi, Uttar Pradesh has received investment proposals worth more than Rs 50 lakh crore over the past nine-and-a-half years, he said. Of these, investments worth nearly Rs 15 lakh crore have materialised, while proposals worth Rs 7.5 lakh crore are expected to reach the ground-breaking stage soon.
Adityanath said Uttar Pradesh had moved beyond the category of underdeveloped states and emerged as one of the country’s three largest economies, while pursuing the target of becoming a $1 trillion economy.
Highlighting the state’s industrial expansion, he said the number of factories had increased from 14,000 to 35,000, while the number of micro, small and medium enterprises (MSMEs) had reached one crore. The number of startups had also grown from 120 to 25,000, he added.
The chief minister said Uttar Pradesh had established itself in Ease of Doing Business, “Fearless Business” and “Trust of Doing Business”, and ranked first in the country in deregulation.
He also highlighted several projects coming up in the Jewar and YEIDA region, including the HCL-Foxconn semiconductor plant, Medical Device Park, Toy Park, MSME Park and multiple data centre projects.
The state was also creating opportunities in emerging sectors such as information technology, semiconductors, cybersecurity, robotics and agritech, Adityanath said. Through collaborations with companies including Tata, Samsung, Microsoft, IBM, Infosys and HCL, the government was providing skill development training to young people to prepare an industry-ready workforce, he added.
The CNH Industrial facility is expected to provide fresh impetus to the state’s agricultural machinery and tractor manufacturing sector, the chief minister said. Uttar Pradesh accounts for around 18.5 per cent of India’s tractor market, and the project would support industrial growth while benefiting the local economy and agriculture sector, he added.
(IANS inputs)
