Uttar Pradesh Chief Minister Yogi Adityanath recently inaugurated a new soft drink bottling and dairy product plant in Gorakhpur, set up by Varun Beverages, a franchisee of PepsiCo, with an impressive investment of Rs 1,170 crore. The plant is strategically located near the Gorakhpur Link Expressway, highlighting the state’s commitment to fostering economic growth and development.
In his address at the inauguration ceremony, Chief Minister Adityanath emphasized the importance of a strong security environment and zero-tolerance policy towards crime in attracting investments and promoting entrepreneurship. He stated that the state’s proactive approach to maintaining law and order has disrupted the activities of those who once viewed crime as a viable profession.
Adityanath highlighted the significance of creating a safe and secure environment for both residents and investors, noting that a sense of security is essential for capital to thrive. He underscored Prime Minister Narendra Modi’s call for the youth to focus on entrepreneurship as a means to generate more employment opportunities and drive economic growth.
The Chief Minister praised the role of entrepreneurship, research, and innovation in the development of prosperous nations, emphasizing that investment plays a crucial role in creating job opportunities for the youth and fulfilling the aspirations of the people. He credited Uttar Pradesh’s improved security and law-and-order policies over the past seven years for transforming the state into an attractive destination for investments.
Since assuming office in 2017, Adityanath’s government has actively pursued investment initiatives to stimulate economic growth and create employment opportunities. A dedicated team was established to explore investment prospects in the state, resulting in significant interest from investors. During the Global Investors Summit held in February 2023, Uttar Pradesh received investment proposals totaling Rs 40 lakh crore, showcasing the state’s potential for economic development.
At a recent ground-breaking ceremony attended by Prime Minister Modi, investment proposals worth Rs 10 lakh crore were initiated, with additional proposals totaling another Rs 10 lakh crore in the pipeline. Adityanath expressed pride in the state’s progress, highlighting the shift towards creating job opportunities within Uttar Pradesh instead of forcing young people to seek employment opportunities in other cities or countries.
The Chief Minister outlined the government’s efforts to streamline the investment process through initiatives such as the Nivesh Mitra portal, which serves as a single-window system for obtaining over 450 No Objection Certificates (NOCs). Additionally, investment Memorandums of Understanding (MoUs) are monitored through the Nivesh Sarathi platform, ensuring transparency and efficiency in the investment process.
Furthermore, an online incentive system has been implemented to support investors, and a dedicated CM Fellow has been appointed to address any issues faced by them. Adityanath reiterated Uttar Pradesh’s position as a prime investment destination, highlighting the government’s commitment to supporting startups, industries, and job creation. He noted that 6.5 lakh youths have been provided government jobs in the state, while two crore individuals have secured employment in the MSME industry, and 60 lakh youth have been linked to self-employment opportunities.
The Chief Minister’s remarks underscored the state’s efforts to create a conducive environment for investments and entrepreneurship, signaling a positive trajectory for economic growth and development in Uttar Pradesh. The inauguration of the Pepsico plant in Gorakhpur serves as a testament to the state’s commitment to fostering a thriving business ecosystem and generating employment opportunities for its residents.
