In its endeavour to promote industrialisation and attract investments, Government of Uttar Pradesh organised first of its kind – UP Investors Summit in February 2018. The unprecedented success of UP Investors Summit 2018 led to generation of investment intents worth more than INR 4.28 lakh crores across sectors like Renewable Energy (16.8%), Infrastructure (15.4%), Power (14.7%), IT & Electronic Manufacturing (10.2%), Tourism (10.1%) etc.
Continuing to implement major sector specific policies, systemic & procedural business reforms, investor facilitation mechanisms, etc. in the state, the State Government could materialize nearly 13% of the investment intents received during the Summit. The State Government approached all the investors individually, who had shown their intents to invest in the State and made all conceivable efforts to translate their intents into actual investment.
An online MoU tracker has been formed under CM Office to monitor the implementation of the investment proposals
Several sectoral policies were launched after consulting the industry to suit their investment requisites including Pharmaceutical Policy, Defence & Aerospace Policy, Food Processing, Milk Policy, Logistics Policy, Bio Fuel Policy, etc.
The state introduced series of reforms for Ease for doing business, and scored 92.37% in DIPP EODB reforms. UP at rank 12th is now an achiever state.
State’s single window – Nivesh Mitra is an efficient digital single window platform to get clearances.
In the first phase, investment proposals for about 74 projects amounting to an investment of more than INR 50,000 Crores approx. have been grounded.