UP govt sets up 'Invest UP' to boost investment in the state

Lucknow, Jun 13 (KNN) In a bid to streamline the state’s investment approval and attract investment, the Uttar Pradesh (UP) government has set up a nodal agency named 'Invest UP.'

Reportedly, the agency will be headed by the chief minister while the cabinet minister for MSME, Investment & Export and cabinet minister for Industrial Development will be deputies.

It will have an executive board that will be headed by the chief of the Department of Infrastructure and Industrial Development.

''This is the first time in Uttar Pradesh that a special ministry has been set up for investment,'' said said Sidharth Nath Singh, cabinet minister for MSME, Investment & Export.

''The agency would provide a common platform to businessmen, industrialists and investors and address issues that crop up as part of investing in the state,'' Singh added.

The cabinet minister of Industrial Development would work for the grounding of the investment, the role of a cabinet minister for MSME, Investment & Export will be reaching out to multinational companies and investors and convince them to invest in the state.

The state government also plans to make professionals part of the agency, who will help in the promotion of the nodal agency among investors while senior bureaucrats will handle the investments.