Chief Minister Yogi Adityanath gave land allotment letters for industries and medical colleges in the Yamuna Expressway area. Investment of thousands of crores in semiconductor, electronics and health sectors will give new impetus to employment and development.
Lucknow. Chief Minister Yogi Adityanath on Sunday provided land allotment letters for setting up industrial units and medical colleges in the Yamuna Expressway Industrial Development Authority (YEIDA) area. India Chip Pvt. Ltd., Ascent Circuits Pvt. Ltd., Amber Enterprises India Limited and Bodhisattva Charitable Trust.
Investors expressed gratitude to Chief Minister Yogi Adityanath and the government
After receiving the land allotment letters, the investors expressed gratitude to Chief Minister Yogi Adityanath. He said that there is a favorable environment for investment in Uttar Pradesh and support is being received from the government and authorities at every level. Investors also said that compared to other states, development work is happening at the fastest pace in Uttar Pradesh.
‘Golden time’ for investment in Uttar Pradesh: CM Yogi
While interacting with the entrepreneurs, Chief Minister Yogi Adityanath said that in the last eight and a half years, Uttar Pradesh has made a major industrial transformation through policy stability, good governance and quick decisions. He said that Uttar Pradesh has now become not only a state of possibilities but also a symbol of concrete results. This time is golden time for investment in Uttar Pradesh.
Global trust gained from ‘Industry First, Investment First’ policy
CM Yogi Adityanath said that due to the ‘Industry First, Investment First’ approach, Uttar Pradesh has become a stable, safe and reliable destination for global investors. Investment proposals worth Rs 45 lakh crore have been received so far through the UP Global Investors Summit, out of which proposals worth Rs 15 lakh crore have been implemented. Soon, proposals worth more than Rs 5 lakh crore will also be implemented.
Strong legal system and modern infrastructure become the strength of investment
The Chief Minister said that due to the strong law and order system of the state, the confidence of investors has increased. World-class infrastructure and excellent connectivity has been developed in Uttar Pradesh. The country’s largest rail network is here. All district headquarters have been connected with four lanes. About 55 percent of the total expressways of the country are in Uttar Pradesh. Metro operation is also taking place in most of the cities in Uttar Pradesh. Delhi-Meerut Rapid Rail is also being operated.
Jewar airport will get a boost to cargo and passenger transportation
Chief Minister Yogi said that Uttar Pradesh is soon going to start its fifth international airport in Jewar. This airport will become a major center for passenger transportation as well as cargo transportation.
Technology based investment process and entrepreneur friend system
The Chief Minister said that the investment process in the state has been simplified through technology. 118 entrepreneur friends are active to assist investors. Incentive distribution is also being done in a time bound manner. Due to speedy decisions, good governance and transparent functioning, YIDA has emerged as a strong investment circuit.
Big investment in semiconductor and electronics sector
Chief Minister Yogi said that under the vision of Prime Minister Narendra Modi, semiconductor chip manufacturing is being promoted in Uttar Pradesh. Private sectors like HCL-Foxcom-India Chip Private Limited and Ascent Circuit Private Limited are investing in this direction, which will provide employment to local youth. He said that about 55 percent of the total mobile phones manufactured in the country are being produced in Uttar Pradesh alone.
UP leader in trained human resources and labor reforms
The Chief Minister said that it is necessary to provide trained manpower as per the need of the industries. YIDA was instructed to play an active role in this direction. He said that Uttar Pradesh has emerged as the leading state of the country in the field of labor reforms.
These institutions received land allotment letters from Chief Minister Yogi Adityanath.
- India Chip Private Limited: 48 acres of land allotted in Yida. It is a joint venture of HCL-Foxcom. Investment of Rs 3706.15 crore for semiconductor chip production.
- Ascent Circuits Private Limited: 16 acres of land in Electronic Manufacturing Cluster located in Sector-10. Investment of Rs 3250 crore. Production of Flexible PCBs and Semiconductor Substrates.
- Amber Enterprises India Limited: 100 acres of land in Sector-08. Investment of Rs 3532 crore. Employment to more than 1500 youth. Copper clad laminates, PCB assembly and electronics production.
- Bodhisattva Charitable Trust: 20.50 acres of land for setting up a medical college in Sector-17A. Investment of Rs 532.18 crore.