Meerut GDP 2027

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About Study

As a district level initiative, Meerut aims to contribute towards achieving Uttar Pradesh’s goal of USD 1 trillion set by Honorable Chief Minister Shri. Yogi Adityanath. In this context, The Meerut Citizens Forum (MCF) has engaged Mr. Manak Chand Singhi retired economist (Indian Economic Services) to Government of India to conduct a study to find a strategy for an accelerated growth of Meerut’s GDP by 2027. The title of the study is- “Study for identifying Strategies for quadrupling Meerut’s GDP by 2027”.

Policies / steps to boost GDP

  • Identify key growth drivers in Manufacturing and Services sector.
  • Strategies to build up expectations for Investment and Economic growth.
  • Skill enhancement and capacity building.
  • Stakeholders’ engagements and Consultations.
  • Highlight the Policy support required from Government (District/State/National)-
  1. Policy Level Interventions
  2. Tax Incentive
  3. Custom Duty
  • Highlight Policy interventions needed (central, State & local body level).
  • Assessment of utilisation in our city for contribution to growth of economy, projects .

Scope of Study The study may have three parts: base line, consultations and proposed strategy:
Part-A: Baseline

  1. Desk research based on secondary sources to ascertain the base-line which inter-alia must attempt to answer the following:
  1. The socio-economic profile of the district.
  2. Current DSGDP and its constituents: industry, services & agriculture (preferably the data of last 10 years).
  3. Number of Industries in the district, Type of Industries-large industries, Small, Organized/ Unorganized, Udyam registered MSMEs, factories under ASI.
  4. No of Persons employed in the Industrial sector.
  5. Total Turnover- both Domestic and Export.
  6. Brief profile of Industrial Areas/Estates in the City.
  7. Type of electrical connections in the district (especially commercial/ industrial).
  8. Name of Industrial Clusters and brief profile of clusters (having 20 more units in any field producers/ service providers) including manufacturers/ services providers in the field:
  1. Scissors
  1. Sports goods
  2. Brass band
  3. Rewari/ gajjak
  4. Printing press
  5. Body building of trucks/ buses
  6. Jewelry
  7. Power loom Pharmaceuticals
  8. others Services:
  9. Higher/ Technical educational institutes
  10. Medical/ Hospitals/ Nursing homes
  11. Housing & Construction
  12. Transport
  13. IT
  14. others
  1. Analysis of Common problems faced for growth-
  1. Issues related to MDA (Meerut Development Authority)
  2. Police/Law and Order related issues
  3. Skilled Manpower availability
  4. Issues related to Nagar Nigam/Municipality
  5. Fire/Pollution related issues
  6. Issues related to Labour Department
  7. Infrastructure related issues (Roads/Power/Water)
  8. Tax structure (GST, Income Tax)
  1. Investment profile of the district:
  1. Industrial projects proposed/ under implementation.
  2. Public infrastructure projects proposed under investment.
  3. Industrial infrastructure (authorized industrial estates and commercial space) available / under development.
  4. Banks and FIs (Financial Institutions) in the district; their total deposits, lending in the districts.
  1. Meerut cantonment: profile of the cantonment and estimates of its current contribution to the economy of the district.
  2. Estimates of the quantum of additional out-put needed to be attained within the proposed time frame.
  3. Skills: Profile and status of current level of skills and future needs.

Part-B: Consultations

  1. Consultations may be held with stakeholders to generate ideas for rapid growth in existing or new fields.
  2. Meetings may held with consultations relevant officials of UP Government on plans for attracting investment in the region through Mega investment shows; analysis of past commitments.
  3. Meetings with relevant people in trade bodies like NASSCOM, CII, FOCCI, FISME, Society of Indian Defense Manufacturers, relevant Export Promotion Councils etc.
  4. Meeting with administration: MDA, Municipal Corporation, Police (law & order)
  5. Meeting with India’s largest corporate houses viz. RIL, Adani group, Tata’s, ITC, HUL etc.

Part-C: Strategies

  1. Highlight the Policy support required from Government (District/State/National)-
  1. Policy Level Interventions
  2. Tax Incentive
  3. Custom Duty
  1. Analysis of current state of affairs and plausible growth drivers of growth to reach the goals with value assigned to each.
  2. Description of growth drivers sectors (manufacturing/ services) and modes (investments, domestic expansion or exports).
  3. Details of strategy how the growth could be achieved-
  1. Policy interventions needed (central, State & local body level)
  2. Industry initiatives presumed (sectoral; cross cutting)
  3. Quantum of investment needed to be mobilized (sources & modes)

Milestones

20-10-2022- Interactive discussion with Stakeholders and Elected Representatives to commission the study and set the agenda.

01-11-2022- Letter of Engagement from MCF to FISME to engage Consultant for the Study.

11-11-2022- MoU signed with Consultant, Mr. Manak Chand Singhi for the study.

25-11-2022- Agenda meeting at FISME Secretariat to lay out future course of action for the study and plan for stakeholders discussions as part of the study