Uttar Pradesh, in the last four years, has seen more private investments than ever. This has been possible due to relentless hard work of the Uttar Pradesh Chief Minister, Akhilesh Yadav. The young CM came up with a strong development agenda when elected to the position and has been working on it this entire time.
According to the reports, there have been private investments worth Rs. 25,081 crore as compared to Rs. 10,773 crore during the regime of previous government. According to UP infrastructure and industrial development principal secretary, Mahesh Kumar Gupta, “Projects worth Rs 25,081 crore have already been implemented in the state (Uttar Pradesh), projects with an investment of Rs 78,681 crore were also in the pipeline.” Almost 1.70 lakh industrial units and enterprises have been set up in the state, in the last 4 years, giving direct or indirect employment to nearly 1.5 million people.
According to 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. To ensure timely clearance and to make it simpler for investors, all the industrial services have been included in the Janhit Guarantee Act 2011. Apart from this, there is an online application form for entrepreneurs with investment proposals of Rs. 50 crore or more, which will see a single clearance window under Nivesh Mitra.
The government has announced new policies in all the major sectors and is trying to rope in UP origin Non-Resident Indians (NRI) to invest in UP.