GBC 5.0: Gkp dist achieves over two-thirds of Rs 7K crore target

Gorakhpur: The upcoming fifth edition of the Ground Breaking Ceremony (GBC 5.0) is expected to provide a significant boost to investment in Gorakhpur, with the district already achieving more than two-thirds of its target even before the ceremony date is announced.The state govt has set an investment target of Rs 7,000 crore for Gorakhpur under GBC 5.0. Officials from the industry department and Invest UP are currently identifying new projects and engaging with potential investors to achieve the remaining target. Fresh investments are expected to accelerate development and generate large-scale employment opportunities in the region. According to relationship manager Abhishek Singh, Gorakhpur has already secured investment proposals worth Rs 5,018 crore against the target of Rs 7,000 crore. This figure excludes the target assigned separately to Gorakhpur Industrial Development Authority (GIDA).Among departments, the excise department has surpassed expectations by achieving Rs 2,679 crore against a target of Rs 300 crore. The Gorakhpur Development Authority has secured proposals worth Rs 1,860 crore against a target of Rs 3,500 crore, while the handloom department has received investment proposals worth Rs 11.42 crore against a target of Rs 30 crore.Deputy commissioner of industries Ujjwal Singh said officials are working to identify additional projects and bring them under the GBC framework to exceed the assigned target.Gorakhpur had earlier delivered an impressive performance during GBC 4.0, achieving investments worth Rs 17,322 crore against a target of Rs 2,500 crore.