Lucknow, March 6 (IANS): The efforts of the Yogi Adityanath government seem to be paying off and investors' interest in setting up projects in Uttar Pradesh under the India Investment Grid (IIG) has increased by 18.6 per cent while a 51 per cent increase has taken place in the monitoring of projects in the state.
UP Industrial Development Minister Satish Mahana told IANS that UP is also continuously attracting global investors. This will provide employment to around 30,000 youth in Uttar Pradesh, he added.
He said that IIG is an initiative of the Centre. It showcases investment opportunities available in 25 sectors in all the states and union territories of the country on one platform. This system also has the facility to find various investment opportunities.
Uttar Pradesh has a national share of over 13 per cent with the most investment-worthy projects at IIGs and these projects have been promoted by more than 32 government and private promoters.
Mahana said that these projects of UP are running in 68 districts out of total 75 districts of the state.
The top 5 countries that seek investment opportunities in Uttar Pradesh include the United States, Canada, Japan, Indonesia and China. Uttar Pradesh, the country's third-largest economy, contributes about 8 per cent to the national GDP. The government is taking concrete steps to implement 'Ease of Doing Business' reforms for the facility of investors.
The minister said that the result of the successful implementation of the reforms recommended by the Department for Promotion of Industry and Internal Trade (DIPP), Government of India, Uttar Pradesh is now the 'Achiever State' in the ranking of states and had succeeded in achieving the 12th rank in the year 2018.
Mahana said that to further accelerate this pace of industrialization in Uttar Pradesh, the state government is preparing to organize 'UP Global Investors Summit-2020'.
He said the overall economic and social development of the state is expected through promoting environment which is friendly for investment and industries, and by propagating available natural and human resources and investment-oriented policies on the world stage.