LUCKNOW: The Uttar Pradesh government has allotted 1,100 plots to apparel and toy manufacturers and various other MSME units along the Yamuna Expressway Industrial Development Authority (YEIDA) during the past over four years, industrial development minister Satish Mahana said at a virtual conference held by ASSOCHAM on Thursday.
“I feel proud to share that during the past 4-4.5 years, UP has emerged as the most preferred investment destination in the country. There has been a lot of transformation in the state as far as industrial development is concerned owing to the government’s zero-tolerance policy on law and order,” said Mahana at the conference on ‘Building state capabilities for global value chain-Uttar Pradesh’.
Discussing the state’s investment policies, Mahana said earlier there was a huge trust deficit between the industry and the government but now the chief minister, the minister himself and senior officials of the department were ready to support the industry.
“I am sure that UP is now the largest industrial state across the country. It has both dedicated freight corridors running through it, while new policies have been designed to help bring further investments in the state. However, for better coordination, I urge the industry to engage with relevant departments for issues related to different sectors like power, environment, tax etc,” he said.
The minister said that many textile units in UP were shut down earlier due to primitive machinery and related issues, which pushed the state backward but now with better policies, ease of doing business and a cooperative government, the state had become a hub of investments.
