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Investment Opportunities and Incentives
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Investment Opportunities and Incentives National Level Investment
Investment Opportunities and Incentives State Level Investment
   
 
Investment Opportunities and Incentives
Uttar Pradesh:
Investment Policies and Incentives
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The Government of Uttar Pradesh has been making all efforts to set up the right kind of business climate into the State. Accordingly, it has undertaken several policy measures and incentives, from time to time, for the various sectors of the economy. These policies aim to diversify the agricultural and industrial base; generate adequate employment opportunities; as well as motivate the investors to invest in the State.

The major policy being, the Information Technology (IT) Policy, which aims to use Information Technology as a vehicle for economic development as well as to create a hi-tech society with a high quality of life in Uttar Pradesh. The main objectives of the policy are to:-

  • Bring information technology (IT) to the masses;


  • Accelerate the use of IT in schools, colleges and educational institutions;


  • Spur the domestic demand for software, hardware and services;


  • Make software, electronics/IT hardware and ITS/ITES sectors globally competitive and thereby increase their export earnings;


  • Facilitate the industry for addressing global markets;


  • Facilitate formation of value additions for growth of the industry;


  • Help businesses realise full potential in creating wealth; etc.

Another important policy is the Biotech Policy , which has been formulated with a view to make Uttar Pradesh a more prosperous State, by utilizing modern tools of biotechnology and thereby bringing prosperity to farmers, generating employment in rural areas, providing food, good health and clean environment for all. The mission of the policy is to develop knowledge-based economy, assure benefit of biotechnology to all sections of the State and promote entrepreneurship in biotechnology-based industries. The basic objectives of the policy are to:-

  • Establish pre-eminent position of the State in the field of biotechnology;


  • Create awareness about the entrepreneurial and job opportunities in the field of biotechnology;


  • Attract biotechnology based industrial investment;


  • Develop and conserve bio-resource for sustainable commercial use;


  • Harness existing research and development (R&D) capabilities for industrial/ commercial developments in the State and to promote corporate funding and developing such knowledge;


  • Develop adequate institutional and related infrastructure for development, acquisition and dissemination of biotechnology through out the State; and


  • Promote research and development and to establish centers of excellence in frontier area of biotechnology.

Besides, there is a Policy for Food Processing Industry, which has been announced to develop sound and efficient agro-based and food-processing units in the State. The policy aims at achieving the following objectives:-

  • Ensure better returns to the farmer for his produce;


  • Encourage investment and employment generation in the sector;


  • Promote value addition and quality consciousness;


  • Minimize wastage of agriculture and horticulture produce;


  • Provision of appropriate linkages between the agricultural and industrial sectors;


  • Provide a 'market' focus to the entire range of activities involved in food processing; etc.

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Uttar Pradesh State Industrial Development Corporation Limited (UPSIDC)
Pradeshiya Industrial and Investment Corporation of Uttar Pradesh Limited (PICUP)
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