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Business News » India News

UP govt to bring new industrial policy to boost investment

The new policy expected to be introduced will be related to food processing sector.

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UP govt to bring new industrial policy to boost investment
Uttar Pradesh Chief Minister Yogi Adityanath with NITI Aayog vice-chairman Arvind Panagariya during a meeting in Lucknow on May 10. Photo: IANS
Written By: PTI
Updated: Mon, May 22, 2017
08:58 pm
Lucknow, PTI
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Uttar Pradesh (UP) government will bring a new industrial policy to boost investment in the state.

This was announced by UP Chief Minister Yogi Adityanath at the first roadshow here for the World Food India, which is a global food processing event organised by the Centre in November first week this year.

The Union Ministry of Food Processing Industries (MoFPI) is organising a global event 'World Food India 2017' from November 3-5, 2017 in the national capital.

"We are proud to host the inaugural roadshow of this key initiative in Uttar Pradesh and are committed towards supporting the main event? World Food India 2017," Adityanath said, adding the event will showcase investment opportunities in India's food processing sector.

"We are keen to develop 4 Mega Food Parks in UP. The government of UP is coming out with a new industrial policy with a provision of single window clearance to facilitate investments," Adityanath was quoted as saying by a CII statement.

The development of food processing industry in UP will help enhance the income of farmers, he added.

Sadhvi Niranjan Jyoti, the minister of state for food processing, invited the UP government to be a key partner state for the World Food India event.

"Uttar Pradesh offers huge potential for the food processing sector to flourish with easy availability of raw produce, untapped human resource and low production cost, making it an attractive destination," she added.

UP's Deputy Chief Minister Keshav Prasad Maurya said the state has full of opportunities in the food processing sector.

He invited investors to set up projects in the state and assured all necessary support.

Union Food Processing Secretary Avinash Kumar Srivastava said World Food India will provide a platform for domestic and global players to explore the partnership and expand their business in the country.

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TAGS:
UP GovernmentUPCM Yogi AdityanathUnion Ministry of Food Processing IndustriesMoFPIFood Processing IndustriesInvestmentindustrial policyEconomy
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