To achieve its $one trillion economy goal, Uttar Pradesh is targetting almost Rs 3 trillion worth of investment in the manufacturing sector in the current financial year 2025-26.
This would be an uptick of more than 16 percent compared to about Rs 2.80 trillion logged in the fiscal year 2024-25.
The government will woo investors with its bouquet of proactive policies offering incentives across the state industrial corridors.
The Yogi Adityanath government will also host roadshows in major cities globally to garner big ticket investments.
The state is also aligning its industrial roadmap with the ‘China+1’ theme with global corporations looking to expand their supply chains beyond China, a senior UP official said.
UP Industrial Investment & Employment Promotion Policy 2022 along with 33+ sectoral policies offers attractive capital and interest subsidies, drawing major investments in sectors such as cement, beverages, electronics and textiles.
At the mega UP GIS 2023, the state netted 19,000+ investment proposals worth almost Rs 40 trillion, of which a large chunk of projects have already been launched and/or attained commercial production stage.
To pitch UP as a global hub for electronics, the Yogi government has promulgated the UP Electronics Component Manufacturing Policy 2025.