Prayagraj IMC
Prayagraj is the smallest AKIC node by area (352 acres) but one of the most advanced: an EPC Letter of Award was issued on 27 October 2025 for internal trunk infrastructure, putting it ahead of Hisar (still master planning) and roughly level with the other EPC-stage nodes. It shares the single Integrated Manufacturing Cluster Agra Prayagraj Limited SPV with Agra (incorporated 30 January 2025; SSA/SHA 7–8 November 2024).
Its defining advantage is logistics: at 7 km from the New Karchana EDFC station and 5 km from the Naini ICD, it has the tightest freight linkage in the entire corridor — squarely on the AKIC thesis. The node is carved out of the existing ~1,140-acre Saraswati Hi-Tech City (238 acres from a former Bharat Pumps & Compressors site plus 114 acres from the park), so ready infrastructure shortens the build.
Headline figures are modest in absolute terms — ₹1,600 cr investment potential and 17,700 jobs — across focus sectors of e-mobility, cycle manufacturing, food processing, leather, garments and packaging. No anchor tenants have been announced; the 15 industrial allottees inside Saraswati Hi-Tech City are legacy occupants, not IMC allottees.
Companies & commitments
| Company | Sector | Commitment |
|---|---|---|
| No allotted tenants | — | Pre-allotment — zero named IMC allottees or MoUs verified; node in the trunk-infrastructure phase post-LoA as of June 2026 [V] |
| Saraswati Hi-Tech City allottees (15 units) | Adjacent legacy base — mixed industrial (Naini) | The IMC is carved within the ~1,140-acre Saraswati Hi-Tech City, which has ~15 industrial allottees (names not disclosed) and 52 vacant plots — legacy, not IMC allottees [V1] |
Industries coming up
Infrastructure & connectivity
- 352 acres — the smallest AKIC node — land-use 286.23 ac industrial (81.45%), the rest roads & truck parking, utilities, green, waterbody and PSP. Land assembled from 238 ac acquired from Bharat Pumps & Compressors Ltd plus 114 ac from Saraswati Hi-Tech City.
- Best freight-corridor connectivity of any AKIC node: 7 km to the New Karchana EDFC station and 5 km to the Naini ICD (dry port), with waterway connectivity nearby.
- Sits inside the developed Saraswati Hi-Tech City (24×7 power with dedicated substation, water supply, single-window allotment); Prayagraj airport 24 km; NH-30 and NH-35.
- Existing Saraswati Hi-Tech City infrastructure shortens the trunk build; legacy regional strengths in cycle manufacturing, food processing and garments.
Incentives & land: No node-specific framework; UP Industrial Investment and Employment Promotion Policy 2022 incentives apply (capital subsidy, SGST reimbursement up to ~100% for mega projects, 100% stamp-duty exemption). Power is a relative strength — 24×7 supply with a dedicated substation already in Saraswati Hi-Tech City. Specific IMC power tariff not found.
A small node with the best connectivity
Prayagraj’s case rests on logistics. Of all AKIC nodes it is closest to the EDFC (7 km to New Karchana) and to an inland container depot (Naini ICD, 5 km), with waterway access nearby — the cleanest realisation of the corridor’s freight-led logic. Its land is 81% industrial, the highest share in the corridor, and it is being developed inside the already-serviced Saraswati Hi-Tech City, which carries 24×7 power and a dedicated substation. That combination explains why it reached EPC LoA quickly despite a late-2024 start.
Land assembly and the shared SPV
The 352 acres were assembled from two sources: 238 acres acquired from the former Bharat Pumps & Compressors Limited site and 114 acres drawn from Saraswati Hi-Tech City. Agra and Prayagraj run on one shared SPV; the ₹1,046 cr cost figure that appears in reporting is the combined Agra+Prayagraj development cost, with a ₹125 cr figure referring specifically to the Naini component — so per-node cost allocation is not cleanly separable in sources.
Risks & open questions
Environmental clearance was applied for in March 2025 but approval is unconfirmed in sources, and the EPC contractor name and land-handover status are not disclosed. As the smallest node, its absolute draw is limited, and the 115+ acres of vacant industrial plots still available inside Saraswati Hi-Tech City could compete with the IMC for the same investors. No anchor tenants exist yet.
Timeline
- Nov 2024SSA & SHA signed with UPSIDA (7–8 November)
- Jan 2025Shared SPV — IMC Agra Prayagraj Ltd — incorporated (30 January)
- Mar 2025Environmental-clearance application submitted
- Oct 2025EPC Letter of Award issued (27 October)
- 2025–27Trunk-infrastructure construction underway (36-month target)