The state estimates these off-the-shelf projects could create more than 8 million jobs. During the Groundbreaking Ceremony (GBC) 4.0 in February 2024, projects worth Rs 1,011 crore were launched.
The state is focusing on project execution alongside investment commitments, while also emphasizing on digital governance measures aimed at improving ease of doing business.
Key initiatives listed include Nivesh Mitra, the state’s single-window clearance portal, which currently provides over 467 online services across 43 departments.
The government also said that its Nivesh Sarathi platform is being used to monitor investment proposals from the MoU stage to operations.
Additionally, 4,074 regulatory compliance or procedural burdens were reduced.
The state also outlined expansion of industrial infrastructure in specific sectors. These include the PM-MITRA mega integrated textile zone and garment park across Lucknow and Hardoi, medical device park at Gautam Buddha Nagar, plastic park at Gorakhpur and leather park at Kanpur.
It also added that approval has been given for the construction of 11 toy parks in places like Greater Noida, Aligarh and Jhansi.
On the MSME front, the government said Uttar Pradesh has over 9.6 million units, making it the largest MSME base in the country.
It also mentioned the Mukhyamantri Yuva Swarozgar Yojana, a scheme that provides financial support up to Rs 25 lakh to young entrepreneurs.
The country further said that foreign direct investment received between 2017 and 2023 was almost four times the inflow between 2000 and 2017.
The UP International Trade Show 2024 was attended by over 100 countries and generated business inquiries worth Rs 10,000 crore, it added.
