Uttar Pradesh Chief Minister Yogi Adityanath emphasized the importance of entrepreneurs in the economy, highlighting their safety and dignity as the government’s priority during the launch of ‘Nivesh Mitra 3.0’ in Lucknow. The single-window system aims to simplify industrial setup processes, enhancing transparency and investor trust in the state’s potential as a prime investment hub.
Adityanath noted the state’s significant transformation over nine years, attributing it to transparent policies, robust law enforcement, enhanced infrastructure, and a conducive business environment. The distribution of incentives to 45 companies and Letters of Comfort (LoCs) to 62 firms during Navratri was hailed as a crucial step towards industrial progress, with proposed investments nearing Rs 50,000 crore and the creation of 50,000 job opportunities.
Acknowledging start-up founders, the Chief Minister assured swift resolution of investment-related issues post-MoUs, underscoring the government’s commitment to facilitating a favorable industrial climate. He stressed the pivotal role of investor confidence in the state’s growth, highlighting its market-ready workforce, skilled youth, and vast consumer base as key attractions for investors.
With the introduction of ‘Nivesh Mitra 3.0’, the state has streamlined over 530 services from 43 departments into fewer than 200, offering features like a PAN-based single user ID, dynamic Common Application Form, AI chatbot, real-time tracking, automated alerts, and online monitoring. Adityanath disclosed the distribution of incentives totaling Rs 2,781.12 crore across various sectors, including manufacturing, automobile, cement, bioplastics, iron and steel, food processing, and electronics.
Reflecting on the pre-2017 scenario, the Chief Minister highlighted the state’s image overhaul, transitioning from a negative perception to a favorable investment destination. The issuance of 3,367 LoCs in the past nine years, compared to 16 in the preceding period, signifies a significant shift in the investment landscape. Adityanath stressed that industries not only attract investments but also drive employment generation and infrastructural development, underscoring the pivotal role of entrepreneurs in economic growth.
