Uttar Pradesh Crowned India's Premier Investment Hub, CM Yogi Adityanath Pitches to Japanese Investors
In a significant development for India's economic landscape, Uttar Pradesh has been declared the most preferred state for investment, according to Chief Minister Yogi Adityanath. The announcement came during a high-profile roadshow in Tokyo, Japan, where the CM emphasized the state's robust security, advanced infrastructure, vast market potential, and youthful workforce as key attractions for global investors.
CM Yogi Adityanath Engages Japanese Industry Leaders
Addressing a gathering of industry representatives and government officials in Tokyo on Wednesday, Chief Minister Yogi Adityanath detailed the investment-conducive environment flourishing in Uttar Pradesh. He extended a warm invitation to Japanese industrialists, urging them not only to explore business opportunities but also to experience the state's rich spiritual heritage. Drawing a cultural parallel, Yogi referred to Japan as the 'Land of the Rising Sun' and connected it to Uttar Pradesh's 'Suryavansh' tradition associated with Lord Ram, highlighting a deep-seated affinity between the two regions.
Economic Transformation and Market Potential
The Chief Minister underscored Uttar Pradesh's remarkable economic turnaround, noting that over the past nine years, the state's economy and per capita income have nearly tripled. Once labeled a BIMARU state, Uttar Pradesh has now become a growth engine for India's economy. With a population of 25 crore, it offers one of the country's largest consumer markets, presenting immense opportunities for investors across sectors.
In agriculture, despite having only 11% of India's agricultural land, Uttar Pradesh produces nearly 21% of the nation's grains. This productivity opens up significant investment avenues in food processing, packaging, and agri-logistics, areas ripe for development and innovation.
Infrastructure and Industrial Development
Yogi Adityanath highlighted the rapid infrastructure development in Uttar Pradesh, which includes an extensive expressway network, the country's largest rail network, and its position as a junction for eastern and western dedicated freight corridors. The state is actively developing 27 industrial clusters along these expressways to boost manufacturing and trade.
A key initiative is the establishment of a Japan Industrial City in the YEIDA region, near the Noida International Airport. The government has identified approximately 500 acres of land for this project, aiming to create a clustered investment hub for Japanese industries. This facility will offer superior connectivity, logistics support, and export facilities, ensuring a seamless operational environment.
Investment Incentives and Sectoral Opportunities
The Chief Minister assured investors of a safe and supportive ecosystem in Uttar Pradesh, emphasizing the state's provision of scale, skill, stability, and speed. To facilitate ease of establishment, new industrial units are exempt from several No Objection Certificates (NOCs) for the first 1,000 days. Additionally, the state offers over 34 sectoral policies and streamlined systems like Nivesh Mitra and Nivesh Sarathi through a single-window mechanism to simplify the investment process.
Uttar Pradesh already accounts for 55% of India's mobile manufacturing and nearly 60% of electronic component production. Looking ahead, the state presents lucrative opportunities in emerging fields such as:
- Data centers and semiconductors
- Logistics and warehousing
- Renewable energy
- Electric vehicle mobility
- Deep tech, fintech, and MedTech
- Service sector innovations
Tourism and Land Bank Initiatives
Tourism is another area of focus, with Uttar Pradesh attracting 156 crore tourists last year, highlighting potential investments in hotels, restaurants, heritage sites, and spiritual tourism. To support industrial expansion, the state has a land bank of 75,000 acres available for investors. A new industrial city is being developed over 56,000 acres in the Bundelkhand region near Jhansi, further enhancing Uttar Pradesh's capacity to host large-scale projects.
Through these comprehensive efforts, Uttar Pradesh is positioning itself as a dynamic and secure destination for global investment, driven by visionary leadership and strategic planning.
