Chief Minister Yogi Adityanath called upon industrialists, entrepreneurs and investors to invest in the state saying that now was the time to come to UP.
To buttress his statement, Yogi said that UP secured second slot in the country in Ease of Doing Business due to sustained efforts of the state government in the last three years. He said that his government had come a long way in transforming UP into an investor-friendly place, conducive to industrialisation with proactive measures in place.
Presiding over a meeting of high level empowered committee of Invest UP, formerly known as Udyog Bandhu, the chief minister said that his government had strived to develop infrastructure in terms of power, road, communication, transport and efficient law and order and UP was now on the path of releasing its much-cherished dream of attaining one trillion dollar economy status.
“It was the government’s goodwill coupled with tangible facilities that led to the signing of MoUs worth Rs 4.28 lakh crore during UP Investors’ Summit in 2018. MoUs worth Rs 2 lakh crore have already actualised and the government has received over 50 investment proposals worth over Rs 7,000 crore from investors of 10 countries,” Yogi said.
Aimed at attracting and promoting investment in the state, Invest UP would provide all facilities to investors, removing obstacles in setting up units here.
The chief minister said that Nivesh Mitra, which provides 146 services, was quite successful with a track record of 98 per cent redressal of grievances of investors and entrepreneurs.
He said that UP had a ready land bank of 20,000 acres on which industries could be set up and the state government was coming up with a comprehensive land policy besides formulating new pharma policy and data policy.
Yogi said that defence and aerospace. warehousing, data centres, electrical vehicles and pharma sector were some of the emerging investment centres in UP.
“The government’s ambitious project of defence manufacturing corridor has potentially promised an investment of Rs 50,000 crore in the next two years and offers a good investment opportunity. Also the revised MSME Policy and Start-up Policy has provided fillip to the growth potential of the state,” the chief minister said.
Yogi said that the government had also implemented 186 of 187 reforms proposed in the action plan of Union Department for Promotion of Industry and Internal Trade in 20 departments of the state. .
Speaking on infrastructure, the chief minister said that UP was going to have a large network of expressways criss-crossing the state and referred to the 340-km Purvanchal Expressway from Lucknow to Ghazipur, the 290-km Bundelkhand Expressway linking Chitrakoot to Agra-Lucknow Expressway, the 90-km Gorakhpur Link Expressway and the 170-km Prayagraj Link Expressway.
Yogi also said that his government also decided to construct a 600-km Ganga Expressway from Prayagraj to the National Capital Region through Hardoi, Shahjahanpur, Kannauj and Meerut. He said it would be the longest expressway of the country.
The meeting was attended by Minister for MSME, Export Promotion, Sidharth Nath Singh, Chief Secretary RK Tiwari and several additional chief secretaries and principal secretaries.
