UPEIDA full form is The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) it is a state government organization in India. The Government of Uttar Pradesh has set up UPEIDA called “Uttar Pradesh Expressways Industrial Development Authority under UP Industrial Area Development Act. 1976, in 2007.
It was established with the aim of developing world-class expressways in the state of Uttar Pradesh. The authority has developed various expressways in the state, which have significantly improved connectivity and reduced travel time. It has also helped boost economic activity and create employment opportunities. UPEIDA is currently working on several new expressway projects, which will further improve connectivity in the state.
UPEIDA is an organization that was established in order to develop industrial areas across the expressway in the state of Uttar Pradesh, India. The organization is responsible for the planning, development, and management of industrial estates and parks in the state. UPEIDA also provides support services to industries located in its estates, such as infrastructure development, power and water supply, waste management, and security.
The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) was established in 2007 with the mandate to develop and oversee the construction of a network of expressways in the state of Uttar Pradesh, India. The authority is responsible for the planning, design, construction, and maintenance of expressways in the state.
To date, UPEIDA has developed four expressways: the Agra-Lucknow Expressway, The Purvanchal Expressway, the Bundelkhand Expressway, and the Gorakhpur Link Expressway. These expressways have significantly improved transportation in Uttar Pradesh and have boosted economic development in the state.
UPEIDA is an expressway development authority created by the Government of Uttar Pradesh. Its main objective is to develop a world-class expressway infrastructure in the state and improve connectivity between different regions.
Some of the benefits of UPEIDA include:
1. Improved connectivity: The development of expressways will improve connectivity between different parts of the state, making it easier for people and goods to move around. This will boost economic activity and create new opportunities for businesses.
2. Faster journey times: Expressways are designed for high-speed travel, meaning journey times will be reduced significantly. This will save time and increase efficiency for businesses operating in the state.
3. Safer journeys: Expressways are generally much safer than other types of roads, due to their wide lanes, divided carriageways, and lack of obstacles such as pedestrians or animals. This will reduce the risk of accidents and make journeys more pleasant for travelers.
4. Enhanced infrastructure: The development of expressways will lead to an overall enhancement of infrastructure in the state, including improved road surfaces, better signage, and better lighting. This will benefit all road users and make Uttar Pradesh a more attractive investment destination.
5. Develop Industrialization surrounding these corridors.
UPEIDA is a public sector undertaking that was established in 2007 with the primary objective of developing, operating, and maintaining expressways and allied infrastructure in the state of Uttar Pradesh. The Authority has so far developed and developing approx 2000 kilometers of expressways across Uttar Pradesh.
UPEDA is headed by a Board of Directors which comprises representatives from various government departments, industries, and financial institutions. The day-to-day operations of the Authority are managed by a team of professionals led by the Chief Executive Officer.
The finance for all projects undertaken by UPEIDA is raised through a mix of equity, long-term loans and bonds. The Authority also generates revenue from the tolling of vehicles using the expressways.
All projects undertaken by UPEIDA are executed through a public-private partnership model with suitable risk-sharing mechanisms between the partners. This ensures the efficient execution of projects while minimizing the burden on the state exchequer.
Its primary function is to develop and manage expressways in the state of Uttar Pradesh, India. The authority also provides various benefits to industries located along these expressways.
To be eligible for UPEIDA benefits, industries must be located within the specified industrial development area along an expressway project in Uttar Pradesh. Industries must also meet certain criteria set by the authority, such as having a minimum investment of INR 10 million and creating at least 50 jobs.
In order to apply for UPEIDA benefits, you will need to submit an application form along with the required supporting documentation. The application form can be obtained from the UPEIDA website or from any of the authority’s regional offices.
Once you have submitted your application form, it will be reviewed by the UPEIDA staff and a determination will be made as to whether or not you are eligible for benefits. If you are determined to be eligible, you will be notified of the number of benefits that you are entitled to receive. Payments are typically made on a monthly basis and can be used to cover expenses such as travel, accommodation, and other costs associated with relocating to Uttar Pradesh.
The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has so far developed 2 expressways and more are under construction and under planning.