India’s manufacturing sector growth slips to 56.5 in November
Growth in India's manufacturing sector slipped to 56.5 in November stymied by fierce competition and price pressures.
Thanks to the investment friendly environment developed under the guidance of Chief Minister Yogi Adityanath, the state has succeeded in attracting investment proposals worth Rs 21 lakh crore ahead of the Global Investors Summit (UPGIS) to be held on February 10-12,
The manufacturing sector among all other sectors has attracted close to 56 per cent of the total investment. In view of the mantra given by Chief Minister Yogi Adityanath regarding ‘Ease of Doing Business’ as well as ‘Ease of Starting Business,’ various domestic and foreign companies are planning to expand their business in UP by setting up their manufacturing units here.
Chief Minister Yogi Adityanath has set a goal of making Uttar Pradesh a $1 trillion economy in the next five years. UP Global Investors Summit is being organised in February to achieve this goal. Prior to the event, several teams of ministers and officials invited investors to the UPGIS through roadshows in 21 cities of 16 countries, as well as major metropolitan cities in the country, on the Chief Minister’s instructions.
Following the manufacturing sector, the agriculture sector has attained 15 per cent of the total investment proposals and MoUs. Infrastructure is third with 8 percent, followed by textile at fourth with 7 per cent and tourism fifth with 5 per cent. Investment proposals and MoUs have been received in sectors like education, IT and electronics, healthcare, warehousing and logistics, renewable energy and pharmaceuticals and medical devices.
Meanwhile, the western part of the state or Paschimanchal has been leading in terms of receiving investment. Around 45 per cent of the total investment proposals and MoUs have been received exclusively in this region. Region-wise break-up: Paschimanchal 45 pc, Purvanchal 29 pc, Madhyanchal 13 pc and Bundelkhand 13 pc.
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