CM Yogi approved the restructuring of Invest UP. Satellite offices will be built in Mumbai, Bengaluru, Chennai, Hyderabad and Delhi. Expert Cell, Safe Industry Model and Nivesh Mitra Portal 3.0 will increase the expansion of investment and entrepreneurship in UP.
To give a new direction to the industrial scenario of Uttar Pradesh, Chief Minister Yogi Adityanath on Monday approved the restructuring proposal of Invest UP. With this decision, a major step has been taken towards making investment in the state more investor-centric, transparent and technology-enabled. The state government will now set up satellite investment promotion offices in Mumbai, Bengaluru, Chennai, Hyderabad and New Delhi, which will become a bridge for direct communication and investment promotion with domestic and foreign investors.
New face of Invest UP, Investor Facilitation Center with team of experts
Under the new structure, specialist cells will be created in Invest UP, which will work specifically in sectors like textile, automobile and electric mobility, chemical, electronics and service sectors. Along with this, 11 posts of General Manager/Assistant General Manager have been sanctioned and two Joint Chief Executive Officers (PCS cadre) will be deployed. The Chief Minister said that the objective is to make Invest UP a “Single Investment Facilitation Agency” which not only attracts investments but also plays an active role in on-ground implementation and monitoring of projects.
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Record industrial growth: 4,000 new factories in a year
According to data presented at the meeting, 4,000 new factories are set to be set up in 2024-25, taking the total number to 27,000 units. The Chief Minister said that the industrial environment of UP has changed in accordance with the “Reform, Perform, Transform” policy of Prime Minister Narendra Modi. “Investment is no longer a policy commitment but an example of delivery at the ground level,” he said.
Nivesh Mitra Portal 3.0: Digital, Dynamic and Feature-Rich
In the meeting, the Chief Minister gave instructions to implement ‘Nivesh Mitra Portal 3.0’. The new system will add features like single sign-on, AI-based chatbot, dynamic application system, and third party inspection, making the application and approval process 50% faster.
Dialogue with 814 Fortune 1000 companies, 50 new MoUs signed
So far, account managers have been allotted to 814 companies, 50 new MOUs have been signed and more than 280 companies are in the dialogue process. The Chief Minister said that investors should be given facilities like land, subsidy and human resources within the stipulated time frame.
Investment cooperation will increase with Japan, Korea and Germany
Active dialogue is going on with investors from Japan, Korea, Germany, France, Russia, Singapore and Gulf countries through ‘Focus Country Desk’. Under the ‘China + 1 Strategy’, 219 multinational companies are currently active in the process of investing in UP. The Chief Minister said that “Uttar Pradesh is now becoming one of the most preferred investment destinations in Asia.”
New model of ‘Safe Industry’ like ‘Safe City’
Chief Minister Yogi said that security arrangements will be strengthened in industrial areas. Under the Safe Industry Model, CCTV coverage, security patrolling and digital monitoring will be implemented, so that investors can work with peace of mind. Along with this, instructions were also given to give appropriate compensation in industrial land acquisition and eliminate the disparity in circle rates.
New era for investors: dialogue, growth and opportunities
CM Yogi said that investment in UP is not just an economic activity but a “campaign of public participation and development”. He directed the officials that Divisional Commissioners and District Magistrates should regularly communicate with the entrepreneurs and complete all the pending industrial projects on priority. Top officials including Industrial Development Minister Nand Gopal Gupta ‘Nandi’, Urban Development Minister Arvind Sharma, MSME Minister Rakesh Sachan, and Minister of State Jaswant Singh Saini were present in the meeting.
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