Business in Purvanchal
Introduction of Business in Purvanchal
Purvanchal grew as an important industrial center, like GIDA (Gorakhpur Industrial Development Authority). It is famous for its muslin and silk fabrics, perfumes, ivory works, and sculpture industry in Varanasi, Small textile industries in Tanda (Ambedkar Nagar), and some industries in Sant Kabir Nagar.
GIDA was established by the Uttar Pradesh Government. on Nov. 30, 1989. It was set up under the U.P Industrial Area Development Act, 1976 to establish an integrated model township that will have Industrial Facilities, for setting up various large/medium and small scale industries, residential facilities, Commercial areas, spaces for institutions of national importance as well as office complexes. The city is proposed to be developed with the state of art technology in engineering as well as the most modern architecture Emphasis is also being laid on developing it as a green city to ensue a pollution free enviornment.
Its industrial areas are equipped with infrastructure facilities like roads, drains, internal power lines, street lights etc. Massive efforts have also have been made to provide state of the art and need based support facilities like Industrial housing, telecom, water supply, common facility centers, banks, post offices, dispensary, police outpost, shops, Business Development Centers for housing modern communication and business center, field hostels etc.
UPSIDC has developed 159 Industrial Areas (including Uttarakhand) and 23 Residential Areas encompassing 41948 acres of land with a wide range of infrastructure facilities. UPSIDC has housed more than 8163 units in various industrial areas which have provided direct employment to 2,00,000 persons. These units involve a capital outlay of over Rs. 15,000 crores. The Profit position of Five years of corporation is as under.
The Uttar Pradesh State Industrial Development Authority (UPSIDA) stands as the key force driving the expansion of industry and infrastructure within the state. Over the years, UPSIDA has consistently played a pioneering role in fostering industrial growth and has been involved in upholding Uttar Pradesh’s outstanding position among other states in India. This organization’s complicated approach includes the development of industrial, commercial, and rental properties strategically located across the state, thereby catalysing progress, skill augmentation, and the creation of employment opportunities for millions of individuals.
One of UPSIDA’s notable achievements lies in the establishment of 155 industrial areas throughout Uttar Pradesh, covering an extensive land bank crossing a total of 20,000 acres. These industrial areas are meticulously planned and strategically distributed, contributing significantly to the overall economic landscape of the state. Each industrial area serves as a dynamic hub, providing a conducive environment for businesses to thrive and innovate.
Tanda is an industrial city famous for its Tanda Terricot clothes. The “Tanda Terricot” are now manufactured on power looms. However, the city has a long history of weaving using hand looms. Things changed with the introduction of electricity in the early 1960s. Clothes manufactured in Tanda includes lungi, gamcha, Arabian Scarf (shemagh), saris, Suit length, Shirting (Check, Lining, Matka Checks, dobby Check, etc.), Stoles etc.
Few famous textile company Madina textiles, Mohit India, Super India, Hindustan Textiles, Madina textile industries, Sikka Textiles, Janmorcha texties, HA Sattar & sons. Other important industrial establishments in the region include a power plant run by the National Thermal Power Corporation and the Jaypee cement factory.
National Thermal Power Corporation has an installed capacity of 440 MW (4 x 110 MW). The power plant also houses a residential colony along with a hospital and the educational facilities: (Rajkiya Vidyut Parishad Intermediate College, Dalimss, Vivekananda Shishu Kunj (UP Board & CBSE Board) and recreational clubs hosting various sports facilities and a gymnasium. The colony is located beside the Sarayu River. Jaypee has its own township and hospital/dispensary. This hospital provides free treatment and medicine to nearby villagers.