UP govt launches Industrial Investment & Employment Promotion Policy 2022
- IBEF
- November 4, 2022
To help the state achieve its goal of having a US$ 1 trillion economy, the Uttar Pradesh government on November 3, 2022 unveiled its Industrial Investment and Employment Promotion Policy 2022.
According to industry minister Mr. Nand Gopal Nandi, the goal of the scheme is to establish a competitive, innovative, and forward-thinking industrial environment that will create jobs in the state and attract foreign investment.
The policy is a great choice for both domestic and foreign investors, given that India is currently a bright point in the world economy. In order to provide one of the most alluring and ideal incentive packages for investments in the nation, it both complements and reinforces numerous Center programmes and policies.
For the purpose of authorising and allocating incentives under the policy, Invest UP has been appointed as the nodal agency. To ensure efficient application of the policy and quick processing of applications, Invest UP will also establish a Policy Implementation Unit (PIU).
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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