Uttar Pradesh Government Approves Restructuring of Invest UP

Restructuring of Invest UP Approved

The Chief Minister of Uttar Pradesh, Yogi Adityanath, has given the green light to the proposal for the restructuring of Invest UP on Monday. According to an official statement, this approval came during the inaugural meeting of the governing body of Invest UP, which was chaired by the Chief Minister.

During this meeting, several significant decisions were made aimed at strengthening the state's industrial investment framework. It was announced that under the new structure, specialized cells will be established in sectors such as textiles, automotive and electric mobility, chemicals, electronics, and services. Additionally, satellite investment promotion offices will be set up in major cities including Mumbai, Bengaluru, Hyderabad, Chennai, and New Delhi.

The Chief Minister emphasized that the goal of this restructuring is to evolve Invest UP into a more efficient, expertise-driven, and investor-centric organization. The meeting also approved the appointment of 11 general managers and assistant general managers. Furthermore, the deployment of two joint chief executive officers from the PCS cadre was sanctioned.

Moreover, a land bank cell will be established, which will include two PCS officers at the sub-district or additional district magistrate level. The statement highlighted that Uttar Pradesh has made remarkable progress in the industrial sector over the past few years.

In the fiscal year 2024-25, approximately 4,000 new factories were established, bringing the total number of factories in the state to 27,000. The Chief Minister noted that this is a testament to the positive changes in the state's industrial landscape, driven by the successful implementation of Prime Minister Narendra Modi's mantra of 'Reform, Perform, Transform.'