Yogi Adityanath cabinet announces new industrial policy to attract more investment in UP

During the first cabinet meet of Yogi Adityanath government, it was announced that a new industrial policy will be formulated to attract more investment with a view to generating jobs in the state.

At the first cabinet meeting presided over by Chief Minister Yogi Adityanath, it was decided to set up a five-member group of ministers led by deputy chief minister Dinesh Sharma for studying industrial policies of other states so as to formulate the state’s own policy for boosting investment, senior ministers Siddharth Nath Singh and Srikant Sharma said.

The GoM will visit other states and study the policies of Gujarat and Madhya Pradesh, among others, for preparing a policy to improve investments through single window system, they told media persons after the 90-minute meeting of the cabinet.

The GoM will submit its report in 15 days.

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The chief minister yesterday held a meeting of officials and instructed them to create investor-friendly atmosphere and prepare the draft of a new industrial policy at the earliest.

“The state government is preparing an atmosphere conducive to more and more investments and making single window system operational so as to provide all facilities to investors under one roof,” the chief minister was quoted as telling officials in the meeting.

For creating investor-friendly atmosphere, the government is working on improving law and order in a big way and has already instructed DMs and police chiefs to take all issues of law and order concerning entrepreneurs very seriously, he told officials.

The chief minister also directed the officials to take serious note of problems being faced in industrial areas, including Noida, and resolve them.

The chief minister said stress will also be on imparting training to youth, and help of the National Skill Development Mission will be taken in this regard. 

Also read: Yogi Adityanath's first Cabinet key decisions: Rs 30,729cr farmers loans, NPAs worth 5,630 crores waived off