UP has logged 18% rise in investment interest: Satish Mahana

LUCKNOW: Uttar Pradesh has a national share of over 13% of the most “investment-worthy” projects listed on the India Investment Grid (IIG), a central government initiative which lists investment opportunities in 25 sectors across all states and Union territories in the country.
State industries minister Satish Mahana on Thursday said that interest in investing in UP had also risen sharply over last year, going up by 18.6%.“Growing interest in investment can be understood by MoUs which the government signs and proposals for industries among others,” Mahana said. He added that monitoring of projects had also gone up by 51% and these together would help provide employment to around 30,000 youth.
“We have held one investors’ summit and two groundbreaking ceremonies. We are also preparing to hold an international investors summit later this year. I am personally monitoring progress of projects and MoUs and this has instilled confidence among investors,” Mahana said.
The minister said that the IIG listed projects were operating in 68 districts out of 75. The top five countries which have been actively in touch with the government over investment in the state include the US, Canada, Japan, Indonesia and China.
“As a result of the successful implementation of reforms recommended by the department for promotion of industry and internal trade, UP is now an ‘achiever state’ and was ranked 12th in 2018. We are already providing 125 services through Nivesh Mitra, the state government’s digital single window system for investors through which we have already issued 1 lakh approvals. By next year, we plan on providing 159 services through it,” Mahana said.