Uttar Pradesh has received investment proposals worth over Rs 50 lakh crore in the last nine-and-a-half years, Chief Minister Yogi Adityanath said on Thursday, highlighting the state’s emergence as a major investment destination. He added that projects worth more than Rs 15 lakh crore have moved to the ground-breaking and implementation stages.
Addressing the groundbreaking ceremony of CNH Industrial’s new tractor manufacturing plant in Gautam Buddh Nagar virtually from Lucknow, Adityanath said the company is investing over Rs 1,200 crore in the project. The plant is being developed across nearly 100 acres in Sector 8D of the Yamuna Expressway Industrial Development Authority (YEIDA) area.
The project is expected to generate thousands of direct and indirect employment opportunities while boosting local businesses and the regional economy, Adityanath said. He assured CNH Industrial of full government support, calling its investment of over Rs 1,200 crore a reflection of growing investor confidence in Uttar Pradesh. He said improved law and order in Uttar Pradesh since 2017 has played a key role in attracting investments to the state.
He said Uttar Pradesh accounts for around 18.5 per cent of India’s tractor market, adding that the state’s market potential, combined with CNH Industrial’s technical and manufacturing expertise, could open up new opportunities in the sector.
Highlighting Uttar Pradesh’s industrial growth, Chief Minister Yogi Adityanath said the number of factories had increased from 14,000 to over 35,000, while the number of MSMEs had reached one crore. The state’s startup count had also risen from 120 to more than 25,000, making it an emerging hub for global capability centres (GCCs).
Adityanath said the government was partnering with companies such as Tata, Samsung, Microsoft, IBM and Infosys to develop an industry-ready workforce. He added that UP had introduced over 36 sector-specific policies and developed an industrial land bank to attract domestic and foreign investments.
He said the upcoming investors’ summit would see the launch of projects worth over Rs 7.5 lakh crore.
Adityanath said the 25,000-hectare YEIDA region was being developed as a major industrial, economic and logistics hub, with the Noida International Airport at Jewar as a key component. Several projects, including the HCL-Foxconn semiconductor plant, electronics manufacturing cluster and data centre park, are part of the emerging industrial ecosystem.
Praising farmers for their cooperation, he said the Jewar region was emerging as an investment destination. He added that Uttar Pradesh was moving towards its USD 1 trillion economy target and had become one of the country’s top three states in terms of economic size.
Adityanath said UP had become a revenue-surplus state and remained among the leading states in capital expenditure. He added that the CNH project would boost farm mechanisation and manufacturing while creating jobs and skill-development opportunities for local youth.
