Industrial Policy-Uttar Pradesh
The State will actively promote the participation of the private Sector in the industrial and economic growth of the State. The State accepts its role in nurturing private economic activity and entrepreneurship. It recognises generation of wealth in the Private Sector as necessary for the overall prosperity of the State. It will, therefore, endeavor to forge a meaningful partnership with industry, in policy formulation and its actual execution and implementation.
Small and tiny sectors, play an important role in creating a large number of employment opportunities besides providing a wide range of goods and services. Therefore, the State shall create conditions for a balanced and harmonious growth of all segments of the Industrial Sector such as Heavy, Medium, Small and Tiny Sectors.
Traditional industries have thrived in the State, for centuries, and along with varied cottage industries, have been the backbone of the State's economy. They will be strengthened, augmented and made competitive in terms of quality, technology, design, packaging and marketing.
Exports are not only vital to the national economy, but they serve to significantly enhance the professionalization of local industry and the competitiveness of its products. A facilitative atmosphere will be provided for the promotion of exports from the State and to enhance the competitiveness of exportable products.
There is a tremendous potential for NRI investments in the State. Through their entrepreneurial skills and abilities, Indians, specially residents of Uttar Pradesh and the neighbouring States, have made a mark in every field of human activity abroad. The State shall create an attractive environment for them to invest in the State. Procedures and systems shall be so modified, as to facilitate their investment.
Foreign investment is necessary for projects requiring large investments, like power, roads, bridges etc. The State shall attract foreign direct investment and create circumstances, where Uttar Pradesh becomes the leading State in the country for foreign investments
UP Financial Ccorporation
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