New Delhi: Uttar Pradesh, a state whose name was enough to scare industrialists away only four years ago, has changed rapidly under the leadership of Chief Minister Yogi Adityanath. Today even those industrialists, who earlier were reluctant to invest in the state because of rampant crime and red tape during earlier regimes, feel so safe that they are setting up factories worth billions of rupees in UP.
In fact, tycoons based both in India and abroad have started considering UP as one of the safest places to invest in, thanks to CM Yogi’s initiatives to create an investor-friendly environment in the state.
Today, big industrialists of the country and abroad are investing heavily in infrastructure, food processing, textile, electronic manufacturing, real estate, power and manufacturing sectors in UP. However, of all these sectors, manufacturing is the most preferred among them and is booming. The receipt of 98 investment proposals worth Rs 13,408.19 crore (over Rs 134 billion) in manufacturing sector during the last three and a half years bears testimony to this.
It is noteworthy that manufacturing is one sector, industrialists are most cautious about investing in. They prefer to invest in this sector in only those states, which has a more conducive environment for investment compared to other states.
The manufacturing sector got the required boost in UP after CM Yogi made some policy changes to create a favourable environment for investments in the state.
