Last Updated: July 03, 2015
Latest update: August, 2015
Last Updated: August, 2015
UTTAR PRADESH State Report | August, 2015
Uttar Pradesh is the most populous state in India with a population of ~200 million people. Uttar Pradesh shares its borders with Nepal on the north, the Indian states of Uttarakhand and Himachal Pradesh towards the northwest, Haryana, Delhi and Rajasthan on the west, Madhya Pradesh on the south, Chhattisgarh and Jharkhand to the southeast and Bihar in the east.
Uttar Pradesh is a favoured tourist destination in India due to the location of Taj Mahal, one of the Eight Wonders of the World, in Agra. In FY 2014-15, the state was ranked second and third in terms of domestic and foreign tourists, respectively. Nearly 182.8 million domestic and 2.9 million foreign tourists visited the state during the above period.
Uttar Pradesh is the second largest producer of vegetables in the country. It produced over 21.47 million tonnes of vegetables during FY 2014-15. Uttar Pradesh is also the largest milk producing state, accounting for nearly 17 per cent of the total milk produced in the country in FY 2014-15.
Owing to the state’s large base of skilled labourers, it has emerged as a key hub for IT and ITeS industries, including software, captive business process outsourcing (BPO) and electronics. The state has become a hub for the semiconductor industry with several major players having their offices and R&D centres in Noida.
The state offers a wide range of subsidies, policy and fiscal incentives as well as assistance for businesses under the Industrial and Service Sector Investment Policy, 2004 and Infrastructure & Industrial Investment Policy, 2012. The state has well-drafted, sector-specific policies for IT and biotechnology. In the 2015-16 Budget, the state government proposed an investment of US$ 50.3 billion for enhancements in power, health and transportation sectors.