Context:
According to the latest data from the Government of India’s Annual Survey of Industries (ASI), Uttar Pradesh registered the highest number of factory establishments in the country for the financial year 2024–25.
More On News:
- The data revealed that Uttar Pradesh saw the registration of 3,318 new factories—more than double the 1,484 factories registered in 2020–21.
- The sharp rise in factory registrations marks a major industrial upswing for Uttar Pradesh, with 460 new units set to employ more than 100 workers
- Signalling the state’s shift from a small and medium enterprises hub to a destination for large-scale industrial investments.
- The steady increase in factory registrations in recent years reflects significant improvements in Uttar Pradesh’s Ease of Doing Business environment.
- These numbers affirm the positive impact of policy reforms and enhanced administrative efficiency implemented by the state government.
- The report also highlighted Uttar Pradesh’s consistent progress in industrial registrations, noting its strong performance in the Annual Survey of Industries conducted by the Government of India.
- In 2022–23, the state’s share in the ASI frame rose to 7.6%—its highest ever.
- UP’s industrial Gross Value Added (GVA) reached Rs 1.3 lakh crore, contributing 6.1% to the country’s total industrial GVA.
- This shows that Uttar Pradesh is not just growing in terms of factory registrations but is also taking a leading role in production, value creation, and job generation.
- Not only major Indian companies but also foreign investors are viewing Uttar Pradesh as a stable and profitable industrial destination.
- This industrial success is playing a key role in achieving UP’s vision of making UP a $1 trillion economy.