Financial City Coming Up in Uttar Pradesh

Uttar Pradesh Chief Minister Yogi Adityanath plans to establish a “Financial City” in the western region of the state near a proposed “Film City”. The Yamuna Expressway Industrial Development Authority (YEIDA) has been asked to look for an area where the financial hub could be established. It will provide a single platform for different financial needs. It will basically be a financial hub, where facilities will be provided to different financial institutions and services so that they can make it their headquarters. It will aim to provide a single platform for all financial services and requirements. Since the selection of suitable land is the primary requirement at present, the YEIDA has been asked to explore west UP for a suitable plot as it has access to areas with good connectivity. Land rates in its areas were comparatively cheaper than in Noida or Greater Noida, the officer added. In 2016, a similar financial hub, on the lines of Gujarat International Financial Tech-city, was proposed to be set up in Noida. However, the project did not take off.