The Uttar Pradesh authorities is getting ready a brand new draft coverage to restructure Make investments UP, the state’s key funding promotion company, within the wake of corruption allegations in opposition to its former CEO. The proposed coverage goals to streamline approvals, improve transparency, and embody larger participation from trade leaders.
4 industrialists to hitch Governing Board to characterize key areas (Sourced)
Officers drafting the coverage have advisable quicker clearances, direct trade illustration in decision-making, and national-level outreach by way of new places of work.
“The new draft policy for Invest UP is being framed. It will be more investor friendly,” mentioned Nand Gopal Gupta ‘Nandi’, cupboard minister for industrial improvement. “There will be time-bound approval of proposals and participation of industrialists in the Governing Board of Invest UP,” he added.
He additional knowledgeable that nationwide places of work are being proposed in New Delhi, Mumbai, and Bengaluru to strengthen investor engagement.
“Provisional approval within 15 days of self-certification is being proposed in the new draft policy,” a senior official mentioned. To handle delays attributable to last-minute queries, a grievance decision mechanism can even be launched to trace approval timelines.
The proposed system is predicted to cut back procedural hurdles that usually decelerate large-scale funding tasks.
In response to allegations that tarnished the picture of Make investments UP, the company has initiated steps to enhance transparency, significantly within the land allotment course of. It has sought up to date knowledge from varied industrial authorities—UPSIDA, NOIDA, YEIDA, UPEIDA, GIDA, and SIDA—on vacant and allotted plots, ongoing industrial tasks, and land-related particulars.
A complete database of commercial land throughout the state is being created to supply readability to buyers and scale back the scope for irregularities, mentioned officers.
Earlier than signing the Memorandum of Understanding (MoU), buyers can be proven particular industrial zones aligned with their wants. These zones will embody pre-acquired, dispute-free land with fundamental infrastructure. A digital land financial institution, outfitted with GIS mapping, can also be being developed to supply real-time location-based choices and streamline the allotment course of.
To convey real-time trade inputs into the company’s governance, the state is planning to nominate outstanding entrepreneurs and buyers to Make investments UP’s Governing Board. These members can be nominated by the chief minister and can characterize completely different areas of the state—Paschimanchal, Poorvanchal, Madhyanchal, and Bundelkhand.
Aside from nationwide outreach places of work, regional ‘industry chasing offices’ are additionally being proposed throughout 4 cities—Lucknow, Larger Noida, Kanpur, and Gorakhpur. These places of work will act as regional facilitators for potential buyers and help in fast-tracking their tasks, knowledgeable officers.
The coverage additionally leaves room for organising abroad places of work sooner or later, drawing inspiration from states like Andhra Pradesh, which has introduced plans for places of work in Taiwan, South Korea, Japan, and the US.
As a part of inner restructuring, the appointment of a PCS-level officer as Joint CEO is on the playing cards. Vacancies on the degree of common managers and assistant managers are additionally more likely to be stuffed quickly to enhance effectivity.
The transfer to revamp Make investments UP comes after its former CEO, Abhishek Prakash, was suspended following allegations of searching for a 5% fee to approve an ₹8,000 crore photo voltaic venture from a Punjab-based investor. A probe into the matter is ongoing.
Uttar Pradesh is about to organise its third World Buyers’ Summit and fifth Floor Breaking Ceremony between November 2025 and February 2026. The state goals to safe ₹88 lakh crore in funding intentions (leads) and materialisations of roughly ₹33 lakh crore for ground-breaking within the subsequent GIS.