With reference to the PRAGATI Park in Uttar Pradesh, consider the following statements: 1. Zone 1 of the park will be developed via a Special Purpose Vehicle (SPV) under a PPP model. 2. The State government provides an interest-free loan of ₹500 crore for the project. 3. The park is designed to foster robotics and AI manufacturing. Which of the statements given above is/are correct?

UP Cabinet approves 69.52-acre PRAGATI Park to create over 1 lakh jobs

GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims· 28 October 2026

PPP model and SPV structures in industrial development: a relevant GS3 and Economy case study.

Why in news

The Uttar Pradesh Cabinet approved the establishment of PRAGATI Park in Greater Noida to foster robotics and AI manufacturing.

Background

The PRAGATI Park spans 69.52 acres and is expected to generate over 1 lakh jobs and ₹2,000 crore in annual GVA.

Facts for Prelims

FactPRAGATI Park covers a total area of 69.52 acres in Greater Noida.
FactZone 1 of the park will be developed via a Special Purpose Vehicle (SPV) under a PPP model.
FactGreater Noida Authority holds a 26% equity stake in the Zone 1 SPV.
FactThe State government provides an interest-free loan of ₹126.2 crore for 30 years for the project.
FactZone 2 is reserved for private enterprises with no capital liability for the State government.

Prelims practice question

With reference to the PRAGATI Park in Uttar Pradesh, consider the following statements:

Zone 1 of the park will be developed via a Special Purpose Vehicle (SPV) under a PPP model.
The State government provides an interest-free loan of ₹500 crore for the project.
The park is designed to foster robotics and AI manufacturing.

Which of the statements given above is/are correct?

(a)1 only
(b)1 and 3 only
(c)2 and 3 only
(d)1, 2 and 3

Show answer

Answer: (b) 1 and 3 only — Statements 1 and 3 are correct. Statement 2 is incorrect: The State government provides an interest-free loan of ₹126.2 crore.

For Mains

Q. Discuss how the establishment of specialized technology parks like PRAGATI Park can catalyze industrial innovation and job creation in India's emerging tech landscape.

Dimensions to cover in your answer

PPP Model Efficiency: Balancing public equity and private investment to minimize state capital liability.
Cluster Effect: Creating a localized ecosystem for robotics and AI to reduce R&D costs for startups.
Employment Multiplier: Transitioning from traditional manufacturing to high-skill robotics and AI-based job creation.

Keywords: Public-Private Partnership · GVA · Robotics Manufacturing · Special Purpose Vehicle · Industrial Innovation

Read the full news →Report a mistake in this note How notes are made Source: The Hindu ↗Also: GS3 · IT, AI, semiconductors & computing

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