UP Budget 2023: Presenting the state budget for 2023-24, Uttar Pradesh Finance Minister Suresh Khanna made a big announcement of allocation of Rs 10,000 crore for the development of Noida’s Film City. The investment is expected to create job opportunities and boost the entertainment industry in the state.
The Film City project, which is a public-private partnership, will be developed on 1,000 acres of land in Sector 21 along the Yamuna Expressway, close to the site of the Jewar airport. By 2024, the first phase of the project is expected to be ready while the last phase is expected to be ready by 2029.
Khanna presented the state budget for the financial year 2023-2024 on Wednesday. The total budget of Rs 6,90,242.43 crore includes new schemes worth Rs 32,721.96 crore. Khanna said the state’s GDP has increased by 16.8 percent and the employment rate is now 4.2 percent. The budget focuses on building a “new Uttar Pradesh” and aims to create 40,000 jobs in the textile sector in the financial year 2023-2024.
Apart from the Film City project, the budget for Uttar Pradesh also includes provisions for start-up policy, women empowerment, upliftment of farmers, health infrastructure and road and railway projects. This is the second budget presented by the Yogi Adityanath government and the seventh overall since the UP CM came to power.
Chief Minister Yogi Adityanath described this budget as the first budget of the “Amrit Kaal” and said that it would help make UP self-reliant and serve as the foundation to make UP a $1 trillion economy in the next five years. With a focus on development and job creation, the Uttar Pradesh Budget 2023-24 is set to accelerate growth and transformation in the state.
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