The government of Uttar Pradesh has pledged to turn western and central Uttar Pradesh into a hub for the auto and electric vehicle sectors as well as their supporting components in order to increase the state’s economy to USD 1 trillion. The demand for electric vehicles in the auto business is rising swiftly, thus, CM Yogi told the officials that the auto and electric vehicle industries in western and central UP already have enough resources and just need to be encouraged to grow.
In the auto industry, the Growth State Value Addition (GSVA) of UP was 1.5 billion dollars in 2019, which can be increased to five billion dollars in the next five years, according to a report.
According to an official statement, in western and central UP, 9000-10,000 acres of land will be needed for the development of the industry; the Yogi government will spend 19-20 billion dollars on this. At the same time, auto parts with electric vehicles made here will be supplied to the UK, USA, Australia, and South Asia. There is actually a lot of demand for batteries for two and three-wheeler e-vehicles.
Chief Minister Yogi Adityanath stated during the meeting that both large industries and MSMEs play a significant part in the auto industry and are already well-established in sufficient numbers in western and central UP.
At the same time, to promote exports, the Easton Dedicated Freight Corridor can be easily developed here and connected to the expressway. The Yogi government has chosen Agra, Shahjahanpur, Aligarh, Prayagraj, Saharanpur, and Etawah to boost the MSME sector, while Gautam Budh Nagar, Ghaziabad, Lucknow, Hapur, Kanpur Nagar, and Meerut have been chosen for the construction of big enterprises to encourage the auto industry.
Green zones will need to be created for the rubber processing, plastic, metal, machinery, glass, and ancillary sectors of electric vehicle original equipment manufacturers. Additionally, the state’s EV charging network has to be expanded, said the CM. The electric vehicle industry concentrates on EV charging, research, and product design. Battery, battery chemical, cell manufacturing, fuel, and welding have an important role in this.