The Uttar Pradesh government has made great strides in attracting investment and promoting industrial development in the state. The efforts have paid off with investment proposals worth Rs 32.92 lakh crore ($45.6 billion) being attracted through roadshows organized outside the state for the Global Investors Summit (GIS) 2023.
The state government has signed 18,645 Memorandums of Understanding (MoUs) with various companies, which are expected to create 9.25 million employment opportunities. The companies come from diverse sectors such as renewable energy, real estate, education, tourism, electronic vehicle manufacturing, housing, and food processing. The wide range of investment in different sectors highlights the state's commitment to promoting growth and development in a balanced and comprehensive manner.
The state government has implemented several initiatives to create a positive environment for industrial development. The chief minister, Yogi Adityanath, has emphasized the importance of better law and order and has brought 25 sectoral policies to ease business operations.
Additionally, the Nivesh Sarathi portal has been established to sign MoUs and monitor their implementation, while the Nivesh Mitra portal has been established to manage customer relationships and incentives.
Furthermore, the state government has taken several reformative steps towards creating a holistic ecosystem for industrial development. Adityanath pointed out that 25 policies have been formulated to attract investment in various sectors, including IT/ITES, data center, defense and aerospace, electric vehicle, warehousing and logistics, tourism, textile, and MSME. This policy-driven governance has created a favorable environment for industrial growth and development in the state.
The chief minister also highlighted several developmental projects that have either been completed or are underway. These projects include the state's first medical device park near the Yamuna Expressway, Film City, Toy Park, Apparel Park, Handicraft Park, and Logistics Hub being developed in the Yamuna Expressway area, Mega Food Park at Bareilly, Trans Ganga City at Unnao, Plastic Park at Gorakhpur, Garment Park at Gorakhpur, and several flatted factory complexes.
The CM has called upon these individuals to become co-travellers in Uttar Pradesh's journey of progress and help turn the state into the growth engine of the country, in line with Prime Minister Narendra Modi's vision of 'Reform, Perform, Transform'.
