Our government has adopted an investor-friendly approach, prioritising a secure and conducive environment for businesses,” said Uttar Pradesh Chief Minister Yogi Adityanath after the inaugurating the new office of State’s investment promotion and facilitation agency – ‘Invest UP’ here on Tuesday.
He said with a commitment to ensuring the safety and well-being of investors, our government has implemented measures to foster a favorable climate for business activities.
This commitment, he said is aimed at building trust and confidence among the investors, encouraging them to explore opportunities within the region. By prioritizing investor security, the government aims to create a business-friendly ecosystem that not only attracts investments but also promotes sustainable economic growth with employment.
The chief Minister said in this investor-friendly landscape, the State government is actively working to streamline procedures, reduce bureaucratic hurdles, and create a regulatory framework that facilitates business operations. By offering a supportive environment, the government seeks to strengthen partnerships with investors and promote economic prosperity for the benefit of both the people of state and the business community.
Earlier, welcoming the audience, state minister Industrial development, Export Promotion, NRI & Investment Promotion, Nand Gopal Gupta ‘Nandi’ said that under able leadership of Prime Minister Narendra Modi, India has emerged as the 5th largest economy of the world. He said that under visionary leadership of Chief Minister Yogi Adityanath, Uttar Pradesh has emerged as the growth engine of India.
On this occasion, CM also distributed ‘Letters of Comfort’ to investors under Industrial Investment and Employment Promotion Policies of 2022 and 2017, followed by unveiling of booklet on Udyami Mitra.
Industrialists who received Letter of Comfort under Industrial Investment and Employment Promotion policy of 2022, included Sanjay Sangwan, Director Allianz Distillery (Mathura), Neel Kamal, Marketing Manager Varun Beverages having their plants at (Gorakhpur, Chitrakoot, Amethi and Prayagraj).
Under Industrial Investment and Employment Promotion Policy of 2017, Letters of Comfort were issued to MD Bikanervala Food Pvt. Ltd (Gautam Budh Nagar)- Shyam Aggarwal; Director of Avery Dennison (India) Pvt Ltd – Hemant Tiwari (Gautam Budh Nagar,) Chairman cum Managing Director, Sparsh Industries Pvt Ltd (Kanpur Dehat)- Vijay Kumar Agarwal; MD, Rajshree Fine Chemicals Industries India Pvt Ltd (Shahjahanpur)- Rishabh Bansal; Sr. Manager Commercial, Brindavan Agro Industries (Mathura)- Anjul Sharma and Sr Vice President, Ultra Tech Cement (Sonbhadra)- Vinnet Bhatnagar.
The CM also gave away incentive disbursement sanction orders to 10 investors under the U.P. Food Processing Policy 2023, including Fortune Rice Limited (Aligarh and Gautam Budh Nagar), SPKN Industries Private Limited (Shahjahanpur), Frostar Food Pvt Ltd (Moradabad), Shri Bankey Bihari Foods (Sambhal), Gajanan Agro Foods Pvt Ltd (Lucknow), Vedant Agri Promotions Pvt Ltd (Sambhal), Mittal Dry Fruits Private Limited (Bijnor), Vidurbhoomi Agri ( Bijnor), Bhartiyum Foods (Lucknow) and Krishna Aromatics (Sambhal).