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Yogi Adityanath plans to develop Uttar Pradesh as a hub for EVs
With the aim to grow the state’s economy to USD 1 trillion, Chief Minister Yogi Adityanath government said it will transform western and central Uttar Pradesh into a hub for the auto and electric vehicle industries as well as its supporting parts.
Large industries and micro, small and medium enterprises (MSMEs) played a significant part in the auto industry and were already well-established in sufficient numbers in western and central UP. In the auto industry, the Growth State Value Addition (GSVA) of UP was 1.5 billion dollars in 2019. This had a potential to be scaled up to five billion dollars in the next five years.
In western and central UP, 9,000–10,000 acres of land will be needed for the development of the industry and the Yogi government will spend 19–20 billion dollars on this.
The Yogi government has chosen Agra, Shahjahanpur, Aligarh, Prayagraj, Saharanpur and Etawah to boost the MSME sector, while Gautam Buddha Nagar, Ghaziabad, Lucknow, Hapur, Kanpur Nagar, and Meerut have been chosen for the construction of big enterprises to encourage the auto industry.
In 2017, the electric vehicle industry generated employment for 60,000 to 70,000 people. It has a potential to generate employment for 90,000 to 1.10 lakh people every year in the next five years.
The Yogi government plans to export auto components and electric vehicles made here to the UK, US, Australia and South Asia.
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