NEW DELHI: Uttar Pradesh today is having one of the best investment opportunities in India, according to the Associated Chambers of Commerce & Industry of India (Assocham), the country’s oldest apex chamber.
“The state now has a much better environment for setting up industry than ever before,” said Assocham Secretary General Deepak Sood.
“The Centre and the state Government have taken several steps towards building the infrastructure and investor-friendly environment,” he said, adding that all members of the chamber would participate in the Global Investors Summit in UP.
“Uttar Pradesh is the third-largest economy of the country, its connectivity with other states is very good and now the experiences of businessmen regarding the state are also very encouraging,” Sood said.
Recently several members of Assocham have invested in UP and their experiences have been very good, he pointed out. “The pace at which work is being done in the industrial sector in UP is unbelievable,” he added.
Referring to the Government’s efforts towards industrial investment, he said, “The Government itself is taking steps towards industries, trying to show them opportunities and encouraging them to invest in the state. This is a very positive step.”
Sood mentioned the data centre set up in Greater Noida as a case in point. “This data centre, which is amongst the largest centres in the country, was completed in a very short time,” he informed.
The state Government has a target of making UP a $1-trillion economy in a phased manner. “ But the target of one-trillion-dollar should not be considered as an end; UP has to think beyond that as well,” he said.
