Uttar Pradesh Chief Minister Yogi Adityanath declared that the state has transformed from a challenging investment landscape into a prime destination for investors. Speaking at an event at Lok Bhavan, the Chief Minister distributed incentives totaling ₹1,333 crore to 32 industrial units and issued Letters of Comfort for investments exceeding ₹4,500 crore to 10 additional units.
Adityanath emphasized the state’s improved investment climate, referring to Uttar Pradesh as “India’s dream destination for investors.” He highlighted the success of the Global Investors Summit held in February 2023, which garnered investment proposals surpassing ₹40 lakh crore. Of these, over ₹10 lakh crore worth of proposals have already been realized through groundbreaking ceremonies, he noted.
The Chief Minister discussed significant advancements in both ease of doing business and quality of life in the state. He outlined the implementation of 27 sector-specific policies, developed with input from various stakeholders, and mentioned the deployment of 125 CM Fellows across Uttar Pradesh to address entrepreneurial issues in collaboration with the Industrial Development Department.
Adityanath praised Uttar Pradesh as a key growth engine for India’s development and urged industries and institutions to work together to create opportunities for skill development. He also highlighted government support for skill development initiatives under the PM and CM Incentive Scheme, which includes providing half of the honorarium to youth engaged in skill training.
The Chief Minister also spoke about the progress on the new industrial city of BIDA, situated between Jhansi and Kanpur, covering 36,000 acres. He mentioned the ongoing construction of an international airport in Jewar and promised similar facilities in BIDA once the city is established.
Further, Adityanath noted the development of the State Capital Region, linking Lucknow with six surrounding districts. He emphasized that electricity is now accessible across all 75 districts of Uttar Pradesh, and industries have open access to energy, including renewable sources. Over the past seven and a half years, the state has seen significant infrastructure improvements, particularly in expressway, highway, and air connectivity.
The UP government’s efforts have been praised by leading industrial groups from both India and abroad. Noteworthy announcements include Samsung’s commitment to enhancing youth skills in Uttar Pradesh through CSR initiatives, JK Cement’s plan to invest an additional ₹1,500 crore, and other major investments from the JK Group, Birla Corporation, Gallantt, HCL, and Hinduja Group.
Chief Minister Adityanath also lauded the impact of e-commerce platforms, describing them as a transformative force that fosters competition and expands market access. During the virtual inauguration of Flipkart’s new warehouses in Unnao and Varanasi, he highlighted how technological advancements have enabled previously impossible market reach, creating job opportunities and ensuring fair competition. These developments underscore the state’s commitment to leveraging technology for economic growth and improved market fairness.
