Global Investors Summit: A box of concessions will open for investors from all over the world in UP, and all industrial policies will change

Yogi government is going to lay a new 'red carpet' of attraction for investors in Uttar Pradesh. To attract investors from all over the world to Uttar Pradesh, the government is going to open a big box of concessions. For this, Chief Minister Yogi Adityanath has given instructions to make important changes by amending almost all the industrial policies of the state.

The Uttar Pradesh government is going to organize the Global Investors Summit in January. Chief Minister Yogi Adityanath has set a target of bringing an investment of ten lakh crore rupees in this so that the economy of the state can be reached one trillion dollars.

Work has been started by making a roadmap for the world-class event. Singapore has submitted a proposal to the UP government to be the first country partner for this event. Now the effort is to attract entrepreneurs from more and more countries to invest here.

For this, road shows have been planned in major cities of India including about a dozen countries around the world. Groups of ministers and officials are being formed, who will visit different countries and cities to brand the strengthened industrial climate in Uttar Pradesh.

He will tell how UP can prove to be better than other places for investment. The government has been consistently promoting that since 2017 several changes have been made in the industrial policies. A single window system was given to entrepreneurs by creating the Nivesh Mitra portal.

As a result of that, Uttar Pradesh has jumped from 14th to the second position in the Ease of Doing Business ranking. Now since the target is ten lakh crore rupees, the government has decided on a new strategy for this.

CM Yogi Adityanath has directed to make amendments to all industrial policies as per requirement. According to Avnish Kumar Awasthi, Chief Executive Officer of Uttar Pradesh Expressway Industrial Development Authority, the Chief Minister has asked to complete this process soon.

The effort of the government is that policies should be made in such a way that entrepreneurs can get maximum relief and are attracted to investment in UP.

In the cabinet meeting on Tuesday itself, the government amended the Uttar Pradesh Defense and Aerospace Unit and Employment Promotion Policy (as amended) - 2018 to increase the capital grant from Rs 10 and 15 crores to Rs 500 crore.

According to sources, similar important changes are to be made in other policies as well. For example, by amending the MSME policy, it is also proposed to give 100% exemption on stamp duty to women entrepreneurs on purchase of industrial land anywhere in the state.

These are the major industrial policies

UP Industrial Investment and Employment Promotion Policy-2017

UP Private Industrial Park Scheme-2017

UP Food Processing Industries Policy- 2017

UP Handloom Powerloom Silk Textile And Garments Policy-2017

UP Micro Small and Medium Enterprises Policy

UP Pharma Industry Policy-2018

UP Warehousing Logistics Policy-2018

UP Electric Vehicle Manufacturing Mobility Policy-2019

UP Electronics Manufacturing Policy-2020

UP Startup Policy-2020

UP Data Center Policy-2021