Lucknow, 9 April (IANS). Manufacturing sector has a significant contribution in the mission to make Uttar Pradesh a one -trillion dollar economy. In the review meeting of Invest UP 2.0, the concerned official said that the manufacturing sector contributed Rs 2.81 lakh crore in the year 2024-25, which is about 77 percent of the target contribution of 2024-25.
Under the guidance of CM Yogi, many new manufacturing units have been set up in the investment friendly environment created for the manufacturing sector in the state under the Invest UP 2.0, which are not only making significant contribution to the economy of the state. Along with this, new employment opportunities are also creating. In order to become the hub of the manufacturing sector, an investment of Rs 3 lakh crore has been expressed in the next year 2025-26.
Special efforts have been made for the development of the manufacturing sector in the state under the Invest UP Scheme operated under the guidance of Chief Minister Yogi Adityanath. The result is currently being seen in the form of new units being installed in the manufacturing sector and increasing production.
In this sequence, in the year 2024-25, the manufacturing sector has contributed the gross price of Rs 2.81 lakh crore in the state. Whereas, for the year 2024-25, a target of price of Rs 3.61 lakh crore was set. Also, in the session, only 50 thousand crore rupees have been invested for the manufacturing sector. Along with this, UP has registered an increase of 4.0 percent in the IPP index released by the Government of India.
CM Yogi’s investments are on the special focus manufacturing sector under UP 2.0. Growth in the manufacturing sector is also leading to increase in GSDP of the state and new employment opportunities in the state. In this direction, it was informed in the review meeting of Invest UP that in the next year 2025-26, an investment of Rs 3 lakh crore has been expressed for the gross price of 1.25 lakh crore from the manufacturing sector.
In this direction, emphasis is being laid on establishing new units in the state and attracting FDI. Also, Aligarh, Unnao, Prayagraj and Jhunsi are being developed as a special investment sector with the formation of Land Bank and Raw-Material Banks for the state.
-IANS
SK/ABM
