Uttar Pradesh is fast coming up to the expectations of investors, including from overseas, claimed by a study conducted by ASSOCHAM in collaboration with an Andersen Global associate in India.
The study said the state has shown an incremental growth of 8.9 per cent in the Good Governance Index compared to that of 2019.
The contextual reference to the GGI is mentioned in the study on ‘Opportunities in the Food Processing Sector in Uttar Pradesh’, by the ASSOCHAM and Nangia Andersen Global LLP.
The study said that the Good Governance Index took into account the advancement in Agriculture and Allied sectors, Commerce & Industries, Human resource Development, Public Health, Public Infrastructure and Utilities, Economic Governance, Social Welfare & Development Judicial and Public Security, Environment and Citizen Centric Governance.
The report of the study, which was released here on Tuesday, suggested that further improvement can be made by aggressively leveraging e-governance. ”To increase transparency, the departments of economic and social development, banking and financial institutions, and skill development must reorient their attention to e-governance”.
“Leveraging technology including e-governance is crucial for achieving inclusive growth because it promotes private sector investment in priority sectors, which in turn helps to improve socioeconomic conditions and create jobs,” ASSOCHAM Secretary General Deepak Sood said.
The study emphasised that in recent years, various policies have created an ecosystem for industrial setup and thus improving its perception in the eyes of the investors. ”The state now has a network of expressways which connects it to prominent hubs in the state as well as outside the state which makes it a hotspot for upcoming flagship projects for multi-modal connectivity in India. It is also home to about five airports in the country,” study says.
The government has also introduced more than 21 policies and land reforms to support the need of investors. It has also registered 21 per cent growth in FDI inflows between years 2017-2021.