Context:
The Uttar Pradesh government is drafting a new policy to restructure Invest UP to streamline approvals, enhance transparency, and foster greater involvement from industry leaders.
More On News:
- The new draft policy for Invest UP is currently being formulated to be more investor-friendly, with provisions for time-bound approval of proposals.
- The National offices are proposed to be established in New Delhi, Mumbai, and Bengaluru to enhance investor engagement.
- The new draft policy proposes:
- Provisional approvals within 15 days, with a grievance system to track delays.
- A GIS-based digital land bank to show investors dispute-free land.
- Four industrialists from different regions to join Invest UP’s Governing Board.
- New offices planned in Delhi, Mumbai, Bengaluru, and four U.P. cities (Lucknow, Greater Noida, Kanpur, and Gorakhpur).
- A new system will track delays and address last-minute queries that stall approvals.
- The policy also envisions the possibility of overseas offices, inspired by states like Andhra Pradesh.
- Internally, the appointment of a PCS-level officer as Joint CEO is also being considered.
- Uttar Pradesh is preparing to host its third Global Investors’ Summit and fifth Ground Breaking Ceremony between November 2025 and February 2026.
- The state aims to attract investment intentions worth ₹88 lakh crore and achieve materialisations of around ₹33 lakh crore for ground-breaking during the upcoming summit.
