LOC has been given to 17 pharma companies in Uttar Pradesh. An investment of about Rs 2000 crore will create 10 thousand employment opportunities. Chief Minister Yogi Adityanath described UP as a safe and investment-friendly state.
Lucknow. Uttar Pradesh Chief Minister Yogi Adityanath on Sunday provided Letters of Comfort (LOC) to 17 pharma companies. On this occasion, he congratulated all the investors and said that this day is an important milestone for the industrial development and health services of the state.
Investors have confidence: Safety, stability and speed guaranteed in UP
Chief Minister Yogi Adityanath assured investors that there is complete guarantee of security, stability and speedy work in Uttar Pradesh. He said that now the state is being recognized for trust and timely delivery. UP government stands firmly with every credible investor.
Growing economy under the leadership of Prime Minister Modi
CM Yogi said that the country’s economy is continuously strengthening under the leadership of Prime Minister Narendra Modi. India is now providing cheap and quality medicines to about 200 countries, which is a big achievement for the country.
UP gets global recognition from Pharma Conclave
The recently held Pharma Conclave has given Uttar Pradesh a new identity on the global healthtech map. The Chief Minister told the investors that their investment is not limited to the pharma and medical devices sector only, but it is linked to the trust of 25 crore people of the state.
Investment of Rs 2000 crore and 10 thousand employment opportunities
About Rs 2000 crore is being invested in research and development, which will help Uttar Pradesh to reach new heights. This investment is likely to provide employment to more than 10 thousand youth, including both skilled and unskilled.
UP becomes the growth engine of the country: GSDP Rs 36 lakh crore
The Chief Minister said that due to the clear policy and clear intentions of the government in the last 9 years, Uttar Pradesh has come out of the image of a sick state and has become the growth engine of the country. The GSDP of the state has now increased to Rs 36 lakh crore.
Favorable climate for investment: Landbank and young workforce
CM Yogi said that UP is a big market and there is a favorable environment for investment. Adequate land bank is available in the state and 56% of the workforce is young. These youth are being prepared for industries by connecting them with skills, innovation and technology. At present more than 21 thousand startups are active in the state.
Strong law and order and policy stability
The Chief Minister said that the first condition of development is strong law and order. After 2017, there has been a big improvement in the law and order system of UP. The state has now moved from policy paralysis to policy stability. Platforms like Nivesh Mitra, Nivesh Sarathi and Udyami Mitra are providing support to investors.
Boom in industry and investment: 14 thousand to 32 thousand factories
In 2017, there were 14 thousand factories in the state, which has now increased to 32 thousand. This has created employment opportunities on a large scale. UP has so far received investment proposals worth Rs 45 lakh crore, out of which proposals worth Rs 15 lakh crore have come on the ground. Soon proposals worth Rs 7-8 lakh crore will also be implemented.
Major expansion in health sector: Medical College and Pharma Park
The Chief Minister said that till 2017 there were 40 medical colleges in UP, which has now increased to 83. Along with every medical college, a nursing college is also running. Apart from this, AIIMS are also established in Gorakhpur and Rae Bareli. Pharma Park is being developed on 1500 acres in Lalitpur and Medical Device Park on 350 acres in Noida, where more than 100 companies have joined.
17 companies got LOC: Know the details of investment
Chief Minister Yogi Adityanath provided LOC to 17 companies. The major investments are as follows:
- Biogenta Lifescience Pvt. Ltd.: Barabanki (1250 crores)
- Romans Medworld Pvt. Ltd.: Noida (136.89 crores)
- HighGlance Laboratories: Noida (120 crores)
- Kotek Healthcare: Ghaziabad (100 crores)
- JB Remedies: Hathras/Noida (70 crores)
- Positron Biogenics: Kanpur (60.24 crores)
- Ivy Tech Healthcare: Aligarh (56.12 crores)
- JBJM Parenterals: Lalitpur (51 crores)
- Raspa Pharma: Rae Bareli (45.21 crore)
- NBS Group: Sitapur (42.59 crores)
- Wellness ZCure: Jalaun (11.65 crores)
- Camel Industries: Saharanpur (10 crores)
- Radicon Lab: Noida (10 crores)
- Sanjeevani Meditech: Bareilly (7.95 crore)
- Safecon Lifesciences: Bareilly (6.43 crore)
- RAP Med Surgical: Hathras (5.53 crores)
- Voda Chemical: Hapur (4.84 crore)