Uttar Pradesh State Industrial Development Corporation


Uttar Pradesh State Industrial Development Corporation, also called a UP State Industrial Development Corporation, is a Public Sector Undertaking of the Government of Uttar Pradesh, which promotes industries and develops industrial infrastructure in the State. Its industrial areas are equipped with infrastructure facilities likes roads, drains, internal power lines, street lights, etc.
Corporation has developed 159 Industrial areas and 23 residential areas encompassing 41948 acres of land with a wide range of infrastructure facilities.
The Corporation comes under the Department of Infrastructure and Industrial Development of the Government of Uttar Pradesh.

History

UPSIDC was incorporated as a company limited by shares on 29 March 1961. Its authorized capital is ₹40 crores and paid-up share capital is ₹24,07,51,000 as on March, 2015. It is one of the six infrastructure sector State Public sector enterprises, other five being, Uttar Pradesh State Bridge Corporation Limited, Uttar Pradesh Project and Tubewell, Uttar Pradesh State Road Transport Corporation, Uttar Pradesh Rajkiya Nirman Nigam Ltd. and Avash Vikas Parishad.

Functions

Uttar Pradesh State Industrial Development Corporation is a Public Sector Undertaking of the Government of Uttar Pradesh. It promotes the development of industrial infrastructure in the state of Uttar Pradesh, it has helped in development of industrial areas, and has delivered iconic industrial areas. The objective of UPSIDC is to provide contemporary infrastructure facilities and services to entrepreneurs setting up businesses and factories in the state of Uttar Pradesh.
Corporation has its head office in Kanpur, Uttar Pradesh and has 21 regional offices across major cities in the State including one in Lucknow.
The Managing Director is the head of UPSIDC. Shri Rajesh Kumar is the current Managing Director of the Corporation.

Projects