"Uttar Pradesh has emerged as a key hub for IT and ITeS industries, including software, captive business process outsourcing (BPO) and electronics. It is also a leading agricultural state in the country and is amongst the top producers of major agricultural items including wheat, rice and sugarcane.
The state offers a wide range of subsidies, fiscal and policy incentives as well as assistance for businesses under the Industrial and Service Sector Investment Policy, 2003. Additionally, the state has well drafted sector-specific policies for IT, biotech and tourism.
The state has a large base of skilled labour, making it an ideal destination for knowledge-based sectors.
At current prices, the Gross State Domestic Product (GSDP) of Uttar Pradesh was US$ 86.7 billion in 2008-09. The compound annual growth rate (CAGR) of GSDP from 1999-2000 to 2008-09, was 9.7 per cent.
The resources, policy incentives, infrastructure and climate in the state are ideally suited for investments in sectors, such as IT, agro-based and food processing, light engineering goods, sports goods, textiles, leather-based, tourism and biotechnology. The Uttar Pradesh State Industrial Development Corporation (UPSIDC) and the Department of Infrastructure and Industrial Development are jointly responsible for the development of industrial infrastructure in the state. The State Government has set up the “UdyogBandhu” to facilitate investment in industrial and service sectors. The organisation has a three-tier structure with its presence at district, divisional and state levels.
The Government of Uttar Pradesh is promoting the development of several special economic zones (SEZ) across the state, such as IT and ITeS, electronic hardware and software, handicrafts and agro-based industries.
FDI inflows between April 2000 and May 2010 were US$ 113 million*.
*Includes Uttarakhand"State Presentation (November 2010)
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