May 05, 2016
“Uttar Pradesh government has made sector wise investor-friendly policies and implemented them which have led to many investors flocking to the state in large numbers.” ~ Chief Minister Akhilesh Yadav
Uttar Pradesh is home to a range of world famous traditional industries along with large scale business houses spread over various sectors. However, given the huge human resources coupled with natural assets, Uttar Pradesh holds enormous industrial potential.
Industrial Investments in Uttar Pradesh
The industrial investment policy of Uttar Pradesh aims at achieving maximum amount of industrial growth. To make the State most preferred investment destination, the policy comprises of not only the best possible concessions and incentives but it also contains important provisions for improving ease of doing business in the State.
Akhilesh Yadav’s government in Uttar Pradesh (UP) has shown a marked increase in securing more private investments during the first four years of his regime. A recent World Bank report on ‘Ease of Doing Business’ in India, UP was ranked amongst the top 10 states and first amongst the Northern states. Under the Akhilesh rule (April 2012-January 2016), the state reported total private investment worth over Rs 25,081 crore.
Companies that have recently found homes in Uttar Pradesh
According to Uttar Pradesh Infrastructure and Industrial Development, principal secretary Mahesh Kumar Gupta, “Projects worth Rs 25,081 crore had already implemented in the state and projects with investment of Rs 78,681 crore are in the pipeline.
Some of the biggest companies (Samsung India Electronics Private Ltd, Noida, Reliance Cement Company Pvt Ltd, Indo-Gulf Fertilizer, Jagdishpur, Gujarat Co-operative Milk Marketing Federation (GCMMF), HCL Technologies Ltd, and the TATA group are a few names which have found a home in Uttar Pradesh) in India have decided to invest Rs. 7500 crore in Uttar Pradesh.
A message from Akhilesh Yadav
It is our mission to usher in an industrial revolution in the State, because calibrated industrial growth in Uttar Pradesh is integral part of Indian economic story. It is paramount for sustained economic growth of the country, for transforming it from an ’emerging economy’ into a global economic power.