Home » Trending » UP Government to set up agency ‘Invest UP’ to boost the investments in the state

UP Government to set up agency ‘Invest UP’ to boost the investments in the state

The Yogi Adityanath government is getting to found out a new investment promotion and facilitation agency which will specialise in bringing new investments and creating employment. CM Yogi Adityanath will head the new agency and the ministers of industrial development and
MSME will be the vice-chairman of the same. UP plans to clear investment-related proposals in not more than 15 days.

“We had signed MoUs worth more than Rs 4.28 lakh crore and carried out groundbreaking for projects worth more than Rs 1.20 lakh crore. Several other projects have also been initiated over these two years. The agency will now approach investors with whom MoUs had been signed and see why the projects are pending.

If they require any assistance, the agency will be their one point stop for all troubleshooting, ”said a senior official in the industries department. The UP government is reportedly in talks with companies in different countries to promote the state as an investment destination. It will have an executive board which will be headed by the chief of the Department of Infrastructure and Industrial Development.

This is the first time in Uttar Pradesh that a special Ministry has been set up for investment. In terms of previous governments, not much effort was made to increase investment in the state,” said Sidharth Nath Singh, cabinet minister for MSME, Investment & Export.

We will require professional help and professionals will be made part of the nodal agency. They will help in the promotion of the nodal agency among investors while senior bureaucrats will handle the investments,” Singh said.

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