To enhance industrial investment in the state, the structure of Invest UP will undergo a major overhaul. Chief Minister Yogi Adityanath approved the related proposals during the first meeting of the Invest UP Governing Body.
He also sanctioned the opening of Invest UP satellite offices in cities like Delhi, Mumbai, Bengaluru, Hyderabad, and Chennai to attract more investments. Additionally, the deployment of 11 General Managers (GMs) and Assistant General Managers (AGMs), along with two Joint Chief Executive Officers from the PCS cadre on deputation, has been approved.
Land Bank Cell to Be Formeder)
At the meeting held on Monday (13 October) at 5 Kalidas Marg, the Chief Minister also gave the green signal to establish a Land Bank Cell within Invest UP. Two PCS officers at the level of SDM and ADM will be posted to this cell. He emphasised that the new structure would empower Invest UP as a single-window investment facilitation agency and directed immediate implementation.
Specialist cells will be formed to focus on investments in sectors such as textiles, automobiles, electric mobility, chemicals, electronics, and services.
Ease of Doing Business to Be Simplified Further
While reviewing the Ease of Doing Business initiatives, the Chief Minister mentioned that Nivesh Mitra Portal 3.0 is being enhanced to simplify application, approval, and incentive processes. Features such as single sign-on, dynamic application systems, AI-driven chatbots, third-party verifications, and digital monitoring are being integrated.
He instructed all departments to set monthly targets and to expedite the issuance of Letters of Comfort (LOC) for approved projects. Industrial building by-laws are also to be made more practical and investor-friendly.
Safe Industry Model to Be Implemented
Following the concept of ‘Safe City’,CM Yogi proposed establishing ‘Safe Industry’ zones. He directed that CCTV coverage be increased in industrial areas. Commissioners and District Magistrates were instructed to regularly interact with investors and entrepreneurs to address their concerns.
Industrial Development Minister Nand Gopal Gupta Nandi, MSME Minister Rakesh Sachan, Urban Development Minister Arvind Sharma, and other senior officials attended the meeting.
4,000 New Units Set Up in One Year
During FY 2024-25, over 4,000 new industrial units have been established in the state. In contrast, the average number of units set up annually until FY 2022-23 was around 500, indicating a significant rise.
Account Managers Appointed for 814 Companies
In a review of investment facilitation, officials revealed that account managers have been designated for 814 companies from the Fortune 1000 list. So far, 50 new MoUs have been signed and dialogues are ongoing with more than 280 companies.
Country Desks Established for Foreign Investors
Officials shared that country-specific desks have been set up for investors from Japan, South Korea, Germany, France, Russia, Taiwan, Singapore, and Gulf nations. Under the ‘China +1’ strategy, discussions are ongoing with 219 companies to explore investment opportunities in the state.
The CM urged industrial authorities to focus on cluster-based development in key sectors like automobiles, pharmaceuticals, electronics, and leather.
No Shortage of Land for Setting Up Units
The state has over 25,000 acres of greenfield land available with industrial authorities, with an additional 6,300 acres ready for immediate use. Surveys for more than 33,000 industrial plots have already been completed.
CM Yogi directed officials to engage directly with farmers and traders in land acquisition matters and ensure they are fairly compensated.
