Chief Minister Yogi Adityanath on Sunday handed over land allotment letters to India Chip Pvt. Ltd., Ascent Circuits Pvt. Ltd. and Amber Enterprises India Ltd. for setting up industrial units, and to Bodhisatva Charitable Trust for establishing a medical college in the Yamuna Expressway Industrial Development Authority (YEIDA) area.
The Chief Minister interacted with representatives of the companies and said Uttar Pradesh is witnessing increased investment activity. He said the present period offers opportunities for investors and asked them to make use of the facilities available in the state. The investors thanked the state government and YEIDA and said they were receiving support in the investment process. They said development works in the state were progressing at a faster pace.
The Chief Minister said that over the past eight and a half years, industrial activity in Uttar Pradesh has increased due to policy continuity and administrative processes. He said the government follows an “Industry First, Investment First” approach. Through the UP Global Investors Summit, the state has received investment proposals worth Rs 45 lakh crore. Of these, projects worth Rs 15 lakh crore have been implemented, while proposals exceeding Rs 5 lakh crore are expected to reach the grounding stage.
He said law and order arrangements, infrastructure and connectivity have contributed to investment inflows. Uttar Pradesh has an extensive rail network, multi-lane inter-state road connectivity and highway access to district headquarters. About 55 percent of the country’s expressways are located in the state. Metro rail services operate in several cities, and the rail corridor between Delhi and Meerut has begun operations.
The Chief Minister said the fifth international airport at Jewar will become operational in the coming period. He added that technology is being used to support investors, with 118 Udyami Mitras assisting them and incentive disbursements being monitored.
He said private companies are setting up semiconductor manufacturing units in the state. Investments by India Chip Pvt. Ltd. and Ascent Circuits Pvt. Ltd. are expected to generate employment. He said 55 percent of mobile phones manufactured in the country are produced in Uttar Pradesh.
The Chief Minister directed authorities to focus on developing manpower aligned with industry requirements and to process investment proposals through time-bound systems.
