Foreign Investors under Yogi regime making beeline for Uttar Pradesh

Lucknow: During the last five years of Chief Minister Yogi Adityanath, Uttar Pradesh has become the first choice of foreign investors. More than two dozen countries have invested more than Rs 50,000 crore in the state. With this, the Foreign Direct Investment (FDI) in the state is likely to increase further from the Global Investors Summit-23 (GIS) to be held in January next year.

For this, full preparations are being made by the government. With this, the target of investment of Rs 10 lakh crore will also be fulfilled in the state. CM Yogi has left no stone unturned to create an industrial environment in the state. The Department of Infrastructure and Industrial Development has set up a dedicated help desk for foreign investment.

In the last five years, investment proposals worth over Rs 26,371 crore have been received from 12 countries and land has been allotted for 39 projects. This will provide employment to more than 38 thousand youth. Major investor countries are companies from Singapore, US, Japan, UK, Canada, Germany, South Korea.

Apart from this, companies from Japan, Korea, France, Canada, Taiwan, Belgium, Finland, USA and Sweden have invested under the Uttar Pradesh Electronics Manufacturing Policy 2020 of the IT and Electronics Department.

In this Noida, Greater Noida area is the hub of mobile manufacturing. Tegna Electronics Cluster is coming up on 100 acres in Greater Noida. In addition Lithium Ion Battery Center of Excellence is operational.

In the next five years, Yamuna Authority (Electronic City), Bundelkhand (Defense Electronics Clusters), Lucknow-Unnao (Medical Electronics Cluster) will be established on behalf of the department.

Under the Uttar Pradesh Electronics Manufacturing Policy 2017, an investment of Rs 20,490 crore has been received from foreign investors.

Whereas under the Uttar Pradesh Electronics Manufacturing Policy 2020, foreign investors have made an investment proposal of Rs 300 crore.

In the last two years, Uttar Pradesh Industrial State Authority (UPCIDA) has received foreign direct investment of 3200 crores from seven countries. In this, three companies of United Kingdom have invested 1237 crores, two companies from USA have 1237 crores, France 307 crores, Italy 250 crores, Canada 1.25 crores, two German companies 60 crores, Cyprus 10 crores. . This will provide employment to more than 8650 youth.

Letter to 93 Embassies, Foreign Industry Associations, Ministry of External Affairs and Invest India
GIS-23 will bring maximum investment from abroad in the state.

For this, the action plan is being implemented by making a strategy. A letter has been written to 93 embassies, foreign industrial organizations, Ministry of External Affairs and Invest India regarding this. In this, many information related to investment and industries have been sought. Along with this, such sectors are also being identified in foreign countries, which have more investment potential in the state. Apart from this, cooperation has also been sought regarding GIS-23.

Investors will be exposed to the merits and specialties of Brand UP abroad: Arvind Kumar

Commissioner of Infrastructure and Industrial Department Arvind Kumar said that GIS-23 is going to play a big role in fulfilling CM Yogi’s resolve to make the state’s economy one trillion dollars. Investors will be introduced to the merits and specialties of Brand UP abroad. The policies are being upgraded keeping in view the foreign investment. During the road show, complete information will be given about the policies of the government abroad and the changed environment of the state. Efforts will be made that maximum foreign investment should be brought in the state.

Before the  Global Summit, the cabinet will put the final seal on the policies

CM Yogi is very serious about GIS-23 and he himself is reviewing the preparations from time to time and giving necessary guidelines to the officials. In GIS-23, several points are being focused to attract more and more Foreign Direct Investment (FDI). More than two dozen policies are being upgraded by the departments keeping in mind the foreign investors. Along with this, many new policies are also being brought. CM Yogi will put the final seal on these policies in the cabinet before the roadshow to be held abroad.

Policies being made to attract foreign investors

Various policies are being upgraded by the government to attract foreign investors. Along with this some new policies are also being brought. It includes Food Processing Policy, Defense and Aerospace Manufacturing Policy, Electronics Policy, MSME Policy, Pharmaceutical Manufacturing Policy, Pharma Policy, Textile Industry Policy, Warehousing and Logistics Policy, Civil Aviation Policy, Information Technology Policy, Milk Policy, EV Policy, Solar Energy. policy, tourism policy, private industrial park policy, bio fuel policy, data center policy, startup policy, integrated township policy, warehousing and logistics policy and electronics manufacturing policy 2020. Apart from this, new policies like Cyber ​​Security Policy, Uttar Pradesh IT Policy, Animation, VFX, Gaming and Comics (AVGC), MRO Policy etc. are also being formulated.

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