Lucknow is the largest city and
capital of India’s most populous state Uttar Pradesh. Nicknamed the
‘City of Nawabs’ for when it was the seat of power of the Nawab of Awadh
in the 18th and 19th centuries, Lucknow today is an important Tier-II
city in India.
is a key economic base in north India and a prominent trading city. The
city also has a thriving handicrafts sector, which has grown a strong
small and medium enterprises (SMEs) sector where handicrafts and
textiles account for about 60% of the total exports from Uttar Pradesh.
In order to boost economic development in Uttar Pradesh, the government
plans to develop the Kanpur-Lucknow Corridor where land was proposed to
have 26% residential, 21% industrial, 20% green, 16% transportation zone
and the remaining for commercial and mixed land use. Also, the
government will be establishing an IT/ITeS Special Economic Zone (SEZ)
to boost the technology sector in the city and invite greater FDI. Also,
Lucknow is a fast-growing and industrializing Tier-II city with a
government that is eager to promote business interests. Moreover, the
government is likely to invest an amount of INR 1,383 crore on a new
integrated terminal at Lucknow airport that shall propel the growth of a
rapidly diversifying economy. With such plethora of opportunities, the
city is bound to become one of the biggest investment location in India.
Industries Include – Aeronautics, Automotive, Machine Tools, Chemicals,
Furniture, Food Products, Agro Based Products, Handicrafts, Textile,
Information Technology & Services