State Incentives in Uttar Pradesh
Uttar Pradesh is one of the biggest state in India not just in terms of the land parcel but also from the perspective of population. The State Government’s proactive initiatives and investment-friendly policies have created a favourable investment climate. Through these transparent policies and reforms, the State of Uttar Pradesh is emerging as a leading investment destination in India.
The future beckons those investor partners who would avail the opportunities of investing in Uttar Pradesh towards shaping New India. Not only does the State provide attractive incentives but also ensures a single window clearance via Nivesh Mitra portal and complete assistance to the business community, thereby making their dreams into reality.
With a rich resource base, UP is country’s 3rd largest economy, contributing nearly 8% to national GDP. The state has India’s largest consumer base with population size of nearly 24 Cr. UP has a major advantage of demographic dividend (56% of its population size under working age group), which will be a key driver for future growth.
Uttar Pradesh is now proudly placed 2nd on the EoDB rankings under the Business Reforms Action Plan of the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Government of India. The remarkable jump of 10 positions in ease of doing business rankings over the last 3 years clearly explains the tremendous efforts put in by the Govt of UP to readily transform the investment climate in the State.
Thus, UP today is one of the most promising state in the new India for the promotion of indutries and provides a lot of incentives for setting up.
Read more through below links:-
UP Startup Policy 2020 – It provides for various incentives which startups can claim while setting up the business in the state.
Electronics Manufacturing Policy 2020 – Provides for the incentives in the state for setting up small to large electronic manufacturing facilities.
UP State Industrial Policy – Provides for the incentives which one can claim in the state of UP post COVID for setting up an industrial unit.
