Lucknow. Taking forward the goal of making Uttar Pradesh a $1 trillion economy, Chief Minister Yogi Adityanath on Tuesday launched the 'next-gen' single window platform 'Nivesh Mitra 3.0' at Lok Bhawan. Along with this, he also launched 'UP Private Business Park Development Scheme-2025' and 'Plug-and-Play Industrial Sheds Scheme', which will give a new direction to the industrial development of the state.
The new schemes are based on the Design, Build, Finance, Operate and Transfer (DBFOT) model, which will be implemented under Public-Private Partnership (PPP). The objective of these schemes is to provide 'ready-to-operate' infrastructure to the investors, so that the process of setting up industries can become easier and faster.
During the programme, the Chief Minister distributed more than 85 Letters of Comfort (LoCs), Eligibility Certificates (ECS) and subsidies worth about ₹2781 crore. This step is considered important towards getting the investment proposals off the ground.
These initiatives under the Industrial Investment and Employment Promotion Policy 2022, Food Processing Policy 2023, Electronics Policy 2020 and FDI Policy 2023 have paved the way for investment of approximately ₹50,000 crore. This will also create employment opportunities on a large scale in the state.
Under the investment promotion programme, incentives and LoCs were given to big companies in sectors like steel, cement, electronics, food processing, automobile and beverage. These include Gallant Ispat, JK Cement, Varun Beverages, Wonder Cement, Unilever and Haldiram's.
Apart from this, companies like Balrampur Chini Mills, Dreamtech Electronics, UltraTech Cement and Escorts Kubota also got encouragement. Also, projects of Havells, Minda Corporation, International Tractors Limited and Physics Wallah have also become part of this industrial expansion.
These investment proposals will lead to rapid growth in sectors like bioplastics, electronics manufacturing, agricultural equipment, edtech and food processing. Due to this, Uttar Pradesh is emerging as a strong and diverse industrial hub.
Agreements were signed for setting up Entrepreneurship Development Cell and Skill Connect Cell by Invest UP to promote entrepreneurship and skill development. This will create better coordination between industries and youth and create new opportunities for employment and self-employment.
