UP bets on Investor Summit to reinvent identity as business-friendly state

Uttar Pradesh Deputy CM Dinesh Sharma with CM Yogi Adityanath. Photo: PTI (file photo)

In a bid to reinvent its identity as a business-friendly state on the lines of Gujarat, the Uttar Pradesh Government on Thursday launched a roadshow in the home state of Prime Minister Narendra Modi to invite industries and businessmen to explore investment prospects in the northern state.

Deputy chief minister, Uttar Pradesh, Dr Dinesh Sharma stated that UP, which was earlier infamous for crime and corruption, is now on a revival path to create a conducive environment for development. “There was an image of crime and corruption connected with Uttar Pradesh. But with our government’s approach of ‘zero tolerance’ toward crime and corruption, we have been able to create a fearless environment for investors. After considering and studying policies of various states, we have formulated our new industrial policy, which will encourage investments in Uttar Pradesh,” he said, addressing media in Ahmedabad during a roadshow for UP Investors’ Summit 2018—first for the State on the lines of Vibrant Gujarat Global Summit.

The UP Investors’ Summit will be held during February 21–22 at Lucknow.

“Our focus will be on development of underdeveloped regions of the State. On several sectors such as logistics, textiles, information technology (IT), dairy and tourism are some of the areas, where we look up to Gujarat for an exchange of expertise,” said Sharma adding that the state wants to promote its rich heritage of culture, religious and eco-tourism aspects.


According senior UP government officials, the Summit, a first for the State, will witness participation from across the country and several international delegates. “The event will focus on 14 key areas including textiles, MSME, IT, electronics, dairy, pharma, logistics among others. The focus will be to generate employment for the State and create a conducive business environment in the State,” said Dr Anup Chandra Pandey, Commissioner, Infrastructure & Industrial Development, Government of Uttar Pradesh.

Pandey further mentioned that the Summit will become a regular annual event attracting business houses and investors to turnaround the industrial environment in the State. “We have received encouraging response from the industries. Some of the top business houses from Gujarat are also likely to participate in the Summit,” he said.