- Uttar Pradesh Combines Massive Infrastructure Expansion with Strong Fiscal Discipline, Says Deepak Kumar
- InvITs, REITs and strategic partnerships set to unlock the next wave of infrastructure investment and asset monetisation
Lucknow: Uttar Pradesh reinforced its position as one of India’s fastest-growing economic and infrastructure powerhouses at the Uttar Pradesh Infrastructure Conclave 2026, held in Lucknow hotel, where policymakers, industry leaders and investors discussed strategies to accelerate investments, unlock infrastructure value, and propel the state towards its trillion-dollar economy goal.
Delivering the keynote address on “Uttar Pradesh: The Infrastructure Engine of India’s Growth,” Deepak Kumar, Infrastructure & Industrial Development Commissioner (IIDC) , Government of Uttar Pradesh, highlighted how world-class infrastructure, progressive policies and strong governance are transforming the state’s economic landscape and creating unprecedented opportunities for investors.
“Uttar Pradesh has demonstrated that rapid infrastructure expansion and sound fiscal management can go hand in hand. Despite making record investments in expressways, airports, logistics and industrial infrastructure, the state continues to remain revenue-surplus with a fiscal deficit of around 2 percent of GSDP. This reflects our commitment to prudent financial management and reinforces Uttar Pradesh’s position as a stable, credible and investor-friendly destination for long-term investments,” said Shri Deepak Kumar.
He noted that Uttar Pradesh today boasts one of the country’s most extensive connectivity networks, with nine operational expressways, 13 more under various stages of development, 21 airports, including five international airports, dedicated freight corridors, multimodal logistics hubs and expanding industrial corridors. These initiatives are significantly reducing logistics costs, improving market access and enhancing ease of doing business across sectors.
IIDC highlighted Uttar Pradesh’s investor-friendly ecosystem, backed by over 36 sector-specific policies and customised incentives. He called for stronger public-private partnerships in infrastructure, skill development and education. Reiterating Hon’ble Chief Minister Yogi Adityanath’s vision of a trillion-dollar economy and India’s Viksit Bharat 2047 mission, he noted that initiatives such as ODOP and ODOC are driving entrepreneurship, innovation, employment and balanced regional growth across the state.
A key highlight of the conclave was a high-level roundtable chaired by Shri Vijay Kiran Anand, CEO, Invest UP & UPSIDA , on “ From Asset Creation to Asset Monetization: Leveraging InvITs and REITs to Power Uttar Pradesh’s Trillion-Dollar Economy.”
The session brought together leading representatives from regulatory bodies, investment institutions, infrastructure developers, REITs, InvITs and capital market stakeholders. Discussions focused on mobilising long-term domestic and global capital for sectors including expressways, airports, logistics parks, warehousing, data centres, renewable energy and urban commercial infrastructure.
Vijay Kiran Anand highlighted the transformative potential of the newly operational Noida International Airport at Jewar, along with the rapidly developing regions of YIEDA and GNIDA, and upcoming international economic clusters such as Singapore City and Japan City. He noted that these developments are expected to attract major Global Capability Centres (GCCs), advanced manufacturing, electronics and semiconductor investments, creating a powerful new growth corridor for the state.
Speaking at the panel discussion on “Financing the $1 Trillion Vision: Unlocking Capital for Infrastructure Growth,” Vijay Kiran Anand highlighted Uttar Pradesh’s rapid infrastructure transformation, investor-friendly policies, Ease of Doing Business reforms through the Nivesh Mitra 3.0 single-window portal, and dedicated country and GCC desks. He said these initiatives are boosting investor confidence and positioning Uttar Pradesh as a preferred destination for domestic and global investments.
During the conclave, Shashank Chaudhary, Additional CEO, Invest UP & UPEIDA, participated in the panel discussion on “Future-Ready Logistics Ecosystem,” highlighting Uttar Pradesh’s rapid emergence as a leading investment and logistics hub. He also underscored the role of the state’s six-node Defence Industrial Corridor in accelerating industrial growth, strengthening supply chains and attracting high-value investments.
The conclave concluded with a strong message to global investors: Uttar Pradesh is not only creating world-class infrastructure but also building a future-ready ecosystem where capital, innovation, and industry can thrive together. Senior officials, including Advisor to the Chief Minister Awanish Awasthi, ACS Tourism & Culture Amrit Abhijat, and industry stakeholders, were present at the event.
