UP Revamps Invest UP To Boost Industrial Investment
Uttar Pradesh Chief Minister Yogi Adityanath on October 13 chaired the first meeting of the Invest UP Governing Body, approving a major restructuring of the state’s investment promotion agency to make it more efficient, expert-driven, and investor-centric.
Under the new structure, dedicated specialist cells will be established for key sectors including textiles, automobiles and electric mobility, chemicals, electronics, and services. Satellite investment promotion offices will also be set up in Mumbai, Bengaluru, Hyderabad, Chennai, and New Delhi to facilitate direct engagement with domestic and global investors.
Emphasising transparency, efficiency, and a results-oriented approach, Adityanath instructed officials to strengthen Uttar Pradesh’s industrial image internationally through active engagement with investors from Japan, South Korea, Germany, France, Russia, Taiwan, Singapore, and the Gulf countries via the Focus Country Desk.
Officials were directed to promote cluster-based development in priority sectors such as automobiles, pharmaceuticals, electronics, and leather. Highlighting the state’s potential under the ‘China Plus One’ strategy, the chief minister said Uttar Pradesh is emerging as a preferred destination for multinational companies, with 219 firms including major Japanese, Korean, and Taiwanese companies, actively exploring investment opportunities.
To facilitate investments, Industrial Development Authorities currently have over 25,000 acres of greenfield land and more than 6,300 acres of ready-to-move-in land. Surveys have been completed for over 33,000 industrial plots, and a dedicated land bank cell will be established, comprising PCS officers at the sub-divisional magistrate/additional district magistrate level.
Adityanath noted that Invest UP will now function as a single, comprehensive investment facilitation agency, responsible not only for attracting investments but also for effective monitoring and timely project implementation. Nearly 4,000 new factories were established in 2024-25, raising the total to around 27,000, reflecting the state’s robust industrial growth under Prime Minister Narendra Modi’s “Reform, Perform, Transform” vision.
During the review, officials reported that account managers have been assigned to 814 Fortune 1,000 companies. Fifty new MoUs have been signed, while discussions continue with over 280 firms. To improve ease of doing business, the upgraded Nivesh Mitra Portal 3.0 will streamline application, approval, and incentive processes, reducing processing time by 30% and documentation requirements by 50%.
The chief minister also stressed prompt disbursal of all eligible incentives, fair and transparent compensation during land acquisition, elimination of circle rate disparities, and reallocation of unused industrial plots to new investors. He further instructed Divisional Commissioners and District Magistrates to maintain regular communication with investors and entrepreneurs to ensure robust infrastructure and smooth industrial operations across the state.
