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Uttar Pradesh Shifts Investment Focus Toward Technology and Manufacturing

Uttar Pradesh Shifts Investment Focus Toward Technology and Manufacturing
‘UP’s investment policy is shifting to high-value manufacturing, tech sectors’: Yogi Adityanath · financialexpress.com

Uttar Pradesh says it wants to attract newer and more advanced industries.

These include electronics, semiconductors, artificial intelligence, clean energy and data centres.

Chief Minister Yogi Adityanath said companies have proposed investments worth more than ₹33.5 lakh crore since 2023.

He said projects worth ₹10.24 lakh crore have already started moving forward.

The state is setting aside industrial land and building roads, power systems and logistics facilities.

A new online system is intended to make government approvals faster.

Uttar Pradesh also wants to reduce the cost of moving goods.

The government says investment is spreading to regions such as Bundelkhand and Purvanchal, rather than staying mainly around Noida.

Key facts

Investment proposals
More than ₹33.5 lakh crore received since February 2023
Projects grounded
₹10.24 lakh crore
Projects in production
More than 4,000
Foreign direct investment
$1.5 billion received over the last three years
Industrial land bank
About 75,000 acres, including more than 25,000 developed acres available for allotment
Logistics target
Reduce logistics costs from 13–14% of GSDP to 8–9%
Peak electricity demand
32,673 MW in June, compared with about 16,000 MW in 2016–17
Solar capacity target
22,000 MW, with 2,600 MW installed and 6,200 MW under construction

Quotes

Yogi Adityanath

Chief Minister of Uttar Pradesh

“Our investment policy is evolving. The first phase was about creating the basic conditions — law and order, connectivity, power, land, infrastructure and ease of doing business. The next one is about making Uttar Pradesh competitive for industries of the future.”
financialexpress.com
“Our Logistics Policy puts logistics costs at 13-14% of GSDP and has a target of bringing them down to 8-9%.”
financialexpress.com

Sources

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