Context: At the recent Samriddhi roundtable in Lucknow, Uttar Pradesh Chief Minister highlighted that the state’s rapid cultural, economic, and industrial growth since 2017 has been fuelled by its zero-tolerance approach to crime.
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- Uttar Pradesh Chief Minister highlighted UP’s three-pronged approach to improving its Ease of Doing Business (EODB) ranking: institutional reforms, technological reforms, anda targeted implementation strategy.
- The Uttar Pradesh government is advancing its business environment with a focus on Ease of Doing Business (EODB) and economic growth, aiming to become a $1 trillion economy.
- The Uttar Pradesh government is enhancing its single window clearance system to improve the ease of doing business (EODB) and ease of living for residents.
- Its goal is to become a trillion-dollar economy, the state is also working to connect MSMEs and startups with larger industries.
Key initiatives include:
- Nivesh Mitra Portal:
- Offers 491 online services, with a 97.22% disposal rate.
- Facilitates processes from NOCs to birth certificates.
- MSME and Startup Integration:
- Focus on connecting MSMEs with larger manufacturers, providing access to technology, and supporting local production.
- Partnerships with IIT Kanpur, IIT Roorkee, and IIT-BHU for startup support.
- Investment and Economic Growth:
- Rs 10 trillion in private investments launched (Feb 2024), with Rs 2.5 trillion in commercial production.
- Investment proposals worth Rs 40 trillion in 2023, are expected to create 15 million jobs.
- The state budget has grown from Rs 2 trillion in 2017 to Rs 7.5 trillion in 2024–25.
- GSDP from Rs 12 trillion to Rs 23–24 trillion projected to exceed Rs 32 trillion by FY 2024–25.
- Infrastructure Development:
- 6 expressways built, 7 more under construction, including Ganga Expressway and Delhi-Meerut Expressway.
- India’s first inland waterway from Varanasi to Haldia.
- Multimodal hubs in Varanasi and Gautam Buddh Nagar.
- Policy and Land Reforms:
- Zero tolerance towards crime
- Over 27 sector-specific policies for defense, aerospace, and MSMEs.
- 64,000 acres of land freed from mafia control for business use.
- 20,000-acre land bank and new industrial authorities for investment.
- Global Investment Focus:
- FDI Policy targeting Fortune Global 500 companies.
- Rs 33.5 trillion in MoUs from the Global Investors Summit (Feb 2023), with Rs 10 trillion already in active projects.
- Jewar International Airport to boost logistics and manufacturing.
- Defense Corridor:
- 1,700 hectares acquired for UP Defense Industrial Corridor, supporting projects like BrahMos and Adani Defence.
- These efforts, combined with a focus on infrastructure, law and order, and policy reforms, are designed to drive industrial growth and foster a business-friendly environment in Uttar Pradesh.