Chief Minister handed over land allotment letters to units under the Yamuna Expressway Industrial Development Authority area –
Prepare trained manpower as per the requirements of industrial units: Chief Minister –
All development authorities should proceed with investment-related work in a fast, timely and transparent manner: Chief Minister
Investors should take advantage of excellent law and order, world-class infrastructure, connectivity and good governance: Chief Minister
Lucknow, January 18: Chief Minister Yogi Adityanath on Sunday handed over land allotment letters to India Chip Pvt. Ltd., Ascent Circuit Pvt. Ltd., Amber Enterprises India Ltd. for setting up an industrial unit and to Bodhisattva Charitable Trust for setting up a medical college under the Yamuna Expressway Industrial Development Authority area.
The investors expressed their gratitude to the Chief Minister and said that they are excited to invest in Uttar Pradesh. They are receiving all possible support from the government and the authority. Development projects are progressing at a faster pace in Uttar Pradesh than in other states.
The Chief Minister interacted with entrepreneurs, thanking them for their investment in Uttar Pradesh. He stated that over the past eight and a half years, Uttar Pradesh has achieved unprecedented industrial transformation through policy stability, good governance, and prompt execution. Today, Uttar Pradesh has transcended possibilities and become a symbol of results. This is a golden time for investment in Uttar Pradesh.
The Chief Minister stated that as a result of the “Industry First, Investment First” approach, Uttar Pradesh has established itself as a stable, secure, and reliable destination for global investors. Investments worth โน45 lakh crore have been received through the UP Global Investors Summit, of which investment proposals worth โน15 lakh crore have been implemented. Soon, proposals worth more than โน5 lakh crore will be implemented.
Strong security and law and order are attracting investors to Uttar Pradesh. The state boasts world-class infrastructure and excellent connectivity. The country’s largest rail network is established here. Six-lane and four-lane interstate connectivity has been developed. Every district headquarters is connected by four-lane roads. Uttar Pradesh has 55% of the country’s total expressways. Uttar Pradesh operates metro services in the largest number of cities. Rapid Rail is operating between Delhi and Meerut. Uttar Pradesh will soon open its fifth international airport in Jewar. This will be a major hub for both passenger and cargo transportation.
The investment process in the state is being advanced through technology. 118 Udyam Mitras are working to assist investors. Incentive distribution is also progressing in a timely manner. Over the years, YEIDA has developed into an excellent investment circuit through swift decision-making, good governance, and transparent procedures.
To further Prime Minister Narendra Modi’s vision, the private sector is promoting semiconductor chip manufacturing and production in Uttar Pradesh. Investments by private companies such as HCL Foxcomb-India Chip Private Limited and Ascent Circuits Private Limited have increased, providing employment opportunities for local youth. The IT and electronics sectors in the state have rapidly grown, and the investment being made by Amber Enterprises Limited will prove crucial. He noted that Uttar Pradesh alone produces 55 percent of the country’s mobile phones.
The Chief Minister emphasized the need to provide trained manpower to meet the industry’s needs. The Yamuna Expressway Industrial Development Authority should actively advance this initiative.
Chief Minister stated that Uttar Pradesh has emerged as a leading state in the country in the field of labor reforms. Four companies received land allotment letters from the Chief Minister.
Officials informed the Chief Minister that India Chip Private Limited had been allotted 48 acres of land in YEIDA. India Chip Private Limited is a joint venture between HCL and Foxconn. This company will produce semiconductor chips. An investment of โน3,706.15 crore is being made in this venture. Ascent Circuits Private Limited has been allotted 16 acres of land in the Electronic Manufacturing Cluster established in Sector 10. The company is investing โน3,250 crore and will produce flexible PCBs and semiconductor substrates.
Amber Enterprises India Limited has been allotted 100 acres of land in Sector 8. The company is investing โน3,532 crore, which will provide employment to over 1,500 youth. This company will produce copper clad laminates, PCB assembly, computer electronics and appliances, etc. Bodhisattva Charitable Trust has been allotted 20.50 acres of land in Sector 17A for the establishment of a medical college. This investment is โน532.18 crore.