The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has cancelled the land allotment of three companies in the Aligarh phase one defence node of the Uttar Pradesh Defence Industrial Corridor (UPDIC). The decision was taken because the companies failed to commence construction and industrial activities nearly five years after receiving the land.
Government's Action for Timely Investments
According to official sources, the action is part of the state government's efforts to ensure timely investments, accountability, and optimal utilization of land earmarked for defence and aerospace manufacturing. In an official statement, UPEIDA said the companies had failed to meet project implementation commitments despite repeated monitoring and reviews.
Details of Cancelled Allotments
The cancelled allotments include 4.5 hectares allotted to Jai Sai Anu in July 2021 for a proposed investment of Rs 100 crore, 1.6 hectares allotted to Navraj Metals in June 2021 for a Rs 20 crore investment, and 0.4 hectares allotted to PBM Insulations in June 2021 for a proposed investment of Rs 4 crore.
Impact on Industrial Development
Officials stated that prolonged delays adversely affected industrial development and employment generation in the corridor. Following a compliance review, UPEIDA initiated cancellation proceedings under the provisions of the lease agreement.
UPEIDA CEO Deepak Kumar emphasized that the defence industrial corridor is a project of national importance and land within it is a strategic resource meant for defence manufacturing. The authority reiterated that only serious investors adhering to prescribed timelines would be allowed to retain allotments in the corridor.
