Draft:Bundelkhand Industrial Development Authority (BIDA)

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Declined by Old-AgedKid 31 days ago. Last edited by Old-AgedKid 31 days ago. Reviewer: Inform author.

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The Bundelkhand Industrial Development Authority (BIDA) is a significant initiative by the Government of Uttar Pradesh, aiming to transform the Bundelkhand region into a major industrial hub. Modeled after the successful development of Noida, BIDA seeks to stimulate economic growth, generate employment, and enhance infrastructure in one of India's historically underdeveloped areas.

Overview Name: Bundelkhand Industrial Development Authority (BIDA) Established: September 2023 Location: Jhansi district, Uttar Pradesh, India Governing Body: Government of Uttar Pradesh Official Website: https://bida.co.in/

Objectives BIDA's primary goal is to develop a self-sustaining, livable industrial city that offers an "Economically Vibrant and Ecologically Sustainable Ecosystem." The authority aims to attract investments, foster innovation, enhance skill development, and build world-class infrastructure to position Bundelkhand as a competitive industrial region.

Project Scope & Land Acquisition Total Project Area: Approximately 35,300 acres Land Acquired (as of May 2025): Around 17,840 acres 12,700 acres from private owners 5,140 acres from government departments Number of Villages Involved: 33 revenue villages in Jhansi district Estimated Land Acquisition Cost: ₹6,312 crore Budget Allocation: ₹5,000 crore in FY 2022-23, ₹5,000 crore loan provision in FY 2023-24 under the Chief Minister Industrial Area Expansion and New Industrial Area Promotion Scheme.

Infrastructure & Connectivity BIDA is strategically located to leverage existing and upcoming infrastructure projects:

Bundelkhand Expressway: A 296 km expressway enhancing connectivity between Chitrakoot and Etawah, facilitating faster movement of goods and people. UP Defence Industrial Corridor: With nodes in Jhansi and Chitrakoot, this corridor complements BIDA's objectives by promoting defense manufacturing. Jhansi Link Expressway: An under-construction project aimed at further improving regional connectivity.

Investment Incentives To attract investors, BIDA offers several financial incentives:

Land Subsidy: 50% subsidy in Bundelkhand, capped at 7.5% of the total project cost or ₹75 crore, whichever is lower. Interest Subsidy: Up to 60% reimbursement of annual interest for 7 years, with a cap of ₹10 crore per year, accumulating to a total ceiling of ₹50 crore per park. Capital Subsidy: 7% subsidy up to ₹20 crore on Fixed Capital Investment (excluding land and building).

Governance & Oversight Chief Minister Yogi Adityanath is personally overseeing the BIDA project, with daily progress reviews to ensure timely execution. A dedicated team within BIDA focuses on accelerating business processes, project management, and developing investor-friendly policies.

Vision & Future Outlook BIDA envisions transforming Bundelkhand into a thriving industrial city, fostering economic development, and providing employment opportunities, especially for the local youth. The authority's efforts are expected to significantly contribute to the region's socio-economic upliftment.

References