On Friday, Chief Minister Yogi Adityanath claimed that Uttar Pradesh has transformed to a state with investment opportunities to becoming one of the most reliable nations when investing in India. He was chairing a top-level review meeting on the efforts to increase foreign investment and instructed officials not to be in touch with the investors regularly and make sure that no project is stalled at any level of administration. The chief minister noted that the new Uttar Pradesh should work with speed, stability and support which is also more of a go-global model of governance.
Adityanath was briefed by the officials that USD 683 million of foreign investment in the state came between April and September of 202526. This pushed the cumulative foreign direct investment up to October 2019 to USD 2,754 million. Uttar Pradesh has received 5963 crore of FDI in the current financial year, which is a very large increase compared to previous years.
According to the FDI-FCI-Fortune 500 Policy 2023, eleven companies have submitted proposals of 13,610 crore, and 22 other companies have submitted proposals of 17,810 crore. Moreover, 29 applications of 56,000 crore in potential investments are in consideration. According to officials, Japan, the United States, Belgium, the United Kingdom, Poland, and Singapore remain the major partners of the state as far as investments are concerned.
To enable them reach out to the world, country specific investment desks to Japan, South Korea, Taiwan, Germany, France, Singapore, and Gulf countries are in operation. These desks are constantly in touch with the embassies, high commissions and major industry groups. More than 100 one-on-one meetings with potential investors have already been organized, and the continuous cooperation with the agencies like the Japan External Trade Organization and the Singapore International Chamber of Commerce are already opening the way to the new possibilities.
Adityanath also ordered the foreign investment desks to hold regular round table contacts, and direct Invest UP to have single point contact officers per investor to do away with processes.
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