Uttar Pradesh is fast becoming a major investment destination of the country. More than Rs 15 lakh crore investment has been implemented due to the policies, transparent processes and strong ecosystem of the Yogi government. The number of startups crossed 18,000, many have also received financial assistance.
Lucknow. Today Uttar Pradesh has become one of the most preferred states for investors in the country and the world. Investment-friendly policies, transparent incentive system, strong law and order and safe environment for industries have increased investor confidence. In the last eight years, under the leadership of Chief Minister Yogi Adityanath, an effective industrial ecosystem has been created, which has taken the ease of doing business to new heights. Single window systems like the Nivesh Mitra portal have made investment approvals simpler, transparent and faster.
Uttar Pradesh moving towards the goal of 1 trillion dollar economy
According to the vision of Chief Minister Yogi Adityanath, Uttar Pradesh is moving rapidly towards becoming a 1 trillion dollar economy. The state government has implemented more than 33 sector-specific policies, designed keeping in mind the needs of different industries.
Key policies include:
- Industrial Investment and Employment Promotion Policy 2022
- FDI/FCI Policy 2023
- Policies for sectors like semiconductor, defense production, EV, energy, data centers etc.
These policies have made UP a reliable and promising destination for global investors. Processes have been digitized to make post-investment incentives faster and easier.
Big jump in investment due to issuance of LOC
To encourage investment, a high-level empowered committee (HLEC) is issuing an average of 10 Letters of Comfort (LOC) every month.
Only in the year 2025:
- More than 70 LOCs worth Rs 6.77 lakh crore approved under Industrial Investment and Employment Promotion Policy 2022
- LOCs worth over Rs 12,000 crore issued under FDI/FCI Policy 2023
These figures show the growing prestige of Uttar Pradesh at the international level.
Preparation to land investment of Rs 5 lakh crore in GBC-5
Due to policy reforms and transparency, investment is not only coming but is also coming on the ground at a rapid pace. The government is preparing to materialize an investment of more than Rs 5 lakh crore in the upcoming GBC-5 (Bhoomi Pujan ceremony).
From 2018 till now:
- In sectors like IT/Electronics, Energy, Defence, Skill Development, Housing, Manufacturing etc.
- Investment worth more than Rs 15 lakh crore has been brought on ground.
For this reason, in the last eight years, big companies like Samsung, Vivo, Dixon, ACC, JK Cement, Dalmia Cement, Adani Power, Tata Power, Azure, SLMG, Varun Beverages, ST Telemedia, Microsoft, Adobe invested and thousands of jobs were generated.
Rapid expansion of startup ecosystem in Uttar Pradesh
Along with big investments, the startup ecosystem is also getting stronger. There are 18,127 startups active in Uttar Pradesh today, of which more than 7,800 are women-led. Yogi government is also providing financial assistance to entrepreneurs of small towns, which is giving impetus to new ideas.
Case Study 1: Manupura Foods Pvt Ltd (Praveen Verma)
Founded by Jhansi-based Praveen Verma, the startup has received funding of ₹11 lakh from the government, out of which ₹4.5 lakh has been released. Praveen has been cultivating mushrooms for the last 10 years and operates a farm with the help of NABARD. His startup produces mushroom based value-added products like dry mushrooms, biscuits, chocolates, laddus, pickles, which have good demand in the market. This is an excellent example of promoting agriculture-based entrepreneurship.
Case Study 2: Sihari Labs Private Limited (Vaishali Kushwaha)
This startup, founded by Jalaun-based Vaishali Kushwaha, has been approved for funding of ₹3.14 lakh, out of which ₹78,000 has been released. Sihari Labs is building an AI-based tool that will help MSMEs better understand the complaints and needs of their consumers. This tool:
- can interact with customers
- Can escalate complex issues directly to owner/manager
This innovation is an important step towards ‘Ease of Doing Business’ and customer service improvement.