Nivesh Mitra 3.0 Launch UP: Launching ‘Nivesh Mitra 3.0’ in Lucknow, Chief Minister Yogi Adityanath said that Uttar Pradesh has now become a safe and reliable state for investment and business. About Rs 50,000 crore investment is expected to create 50 thousand employment opportunities.
Amidst the ongoing economic uncertainty and global instability in many parts of the world, India is fast emerging as a reliable investment destination. In this context, Uttar Pradesh has also created a strong identity in the field of investment and industry.
During the launch of ‘Nivesh Mitra 3.0’ single window system in Lucknow on Tuesday, Chief Minister Yogi Adityanath said that the image of the state has completely changed in the last 9 years. Due to transparent policies, strict law and order and better infrastructure, Uttar Pradesh has now become a safe and reliable state for investors. He said that today the same investors who were hesitant in coming to Uttar Pradesh are coming forward to invest here.
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Paving the way for ₹50,000 crore investment
The Chief Minister said that in the program organized during Navratri, incentives were given to 45 companies and Letters of Comfort (LOC) were issued to 62 companies. Through these proposals, the way for investment worth about Rs 50,000 crore has been paved. This is likely to provide employment to about 50 thousand youth in the state. The Chief Minister said that the government is continuously working to get the projects off the ground after the MoU and for quick resolution of minor issues related to investment.
Investors’ confidence is the biggest strength
Yogi Adityanath said that the confidence of investors is most important for the progress of any state. Uttar Pradesh’s large youth population, skilled human resources and huge consumer market create a favorable environment for investors. Calling upon entrepreneurs to invest openly in the state, he said that all the resources required for scalable business are available here.
Setting up industry will become easier with ‘Nivesh Mitra 3.0’
The Chief Minister said that many big steps have been taken to improve the ‘Ease of Doing Business’. Through the ‘Nivesh Mitra 3.0’ platform, about 530 services of more than 43 departments have been simplified and consolidated into less than 200 services. In this digital system, facilities like PAN based single user ID, AI chatbot, real-time tracking, automated alerts and online monitoring have been provided. This will make the entire process of setting up industries much easier and transparent for investors.
Private business park policy will increase investment
To speed up industrial development in the state, the government has also approved the Private Business Park Policy. Under this policy, investors will be able to develop business parks on a plug-and-play model. In this, the government will provide land and investors will make their investment. Profit will be distributed in a transparent manner under the revenue share model. The government says that this will promote new technology based industries in the state and employment opportunities will also increase.
3367 LOCs issued in 9 years
The Chief Minister said that the change in the industrial environment in the state can be gauged from the fact that only 16 letters of comfort were issued between 2012 and 2017. Whereas in the last 9 years, 3367 LOCs have been issued. Apart from this, subsidy of about Rs 2781 crore has also been given to 85 projects in different sectors. These projects include sectors like manufacturing, automobile, food processing, electronics and steel.
Disruption in industries cannot be tolerated
Chief Minister Yogi Adityanath clearly said that any kind of anarchy or obstruction in the operation of industries in the state will not be tolerated. He said that if any attempt is made to harass the industries in the name of trade union or any other name, the government will take strict action.
Zero tolerance against crime
The Chief Minister said that the policy of zero tolerance against crime and mafia is continuously implemented in the state. He said that if any criminal dares, he will have to face the consequences. Due to strengthening of law and order, investor confidence has also increased rapidly.
Uttar Pradesh is becoming the first choice of investors
The Chief Minister said that due to better law and order, expressway network, airport and strong connectivity, Uttar Pradesh is now becoming one of the major investment centers of the country. Land bank of 75 thousand acres in the state, rapidly growing expressway network and new airport projects are giving new direction to investment. In the coming time, Noida International Airport to be built in Jewar is going to become a big cargo and logistics hub of the country, which will further increase investment and employment opportunities in the state.
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