UP becomes new destination for global companies
Digital Desk, Lucknow. Under the leadership of Chief Minister Yogi Adityanath, Uttar Pradesh is now emerging as an 'industrial superpower' on the global investment map. The ambitious 'Fortune-500 Policy' of the state government is not only attracting foreign capital but is also working to change the future of Uttar Pradesh through research, innovation and modern manufacturing. Big companies of global economies like Japan, Poland and America are now making Uttar Pradesh their new destination, which is sure to give a new and faster pace to the economy of the state.
Gathering of global giants in UP
The effect of this special policy of Yogi government is beginning to be seen on the ground. At present, Fortune-500 companies like HMI Group and Fuji Silvertech of Japan, Canpac of Poland, and Pine Valley and Vision Source of America have stepped forward in the state. The revolutionary provisions made by the government like logistics subsidy, patent fee reimbursement and R&D support have made UP a reliable and stable destination for investors from all over the world.
Hi-tech employment and skill development
This policy is not limited to industries only, but it is opening doors to high quality jobs for the local youth. Establishment of R&D Center and Center of Excellence is promoting high-tech manufacturing, which will develop human resources and provide opportunity to the youth to connect with modern technology.
Regional balance and rejuvenation of traditional industries
An important aspect of the policy is to remove regional disparity. The government is expanding industrial expansion in areas like Bundelkhand and Purvanchal by giving more subsidies and incentives. This is not only developing infrastructure, but traditional industries are also getting an opportunity to increase their competitiveness by connecting with the technology and supply chain of global companies.
Uttar Pradesh becoming global hub
According to economic experts, in the future, when these projects of Fortune-500 companies will be fully implemented, Uttar Pradesh will emerge as a global manufacturing and innovation hub. This will lead to a huge increase in the revenue of the state and the industry and employment based model of the Yogi government will put Uttar Pradesh at the forefront of the leading industrial states of the country.
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