Strengthen startup ecosystem and ensure all training, testing, market linkage needs are fully met: UP CM Yogi
Lucknow (Uttar Pradesh) [India], November 15 (ANI): During a review meeting of the Information Technology and Electronics Department on Saturday, the Uttar Pradesh Chief Minister Yogi Adityanath stressed the need for a simple, transparent, and time-bound approval system for investors in the IT and ITES sectors, an official release said.
Chief Minister Yogi Adityanath said, "The state's startup ecosystem is expanding rapidly and must be further strengthened by ensuring comprehensive support for training, testing, and market linkages."
He said one semiconductor project has already been approved, while continuous engagement with the Government of India should be maintained for two additional proposals. He also directed officials to develop new land banks in Noida, Greater Noida, and YEIDA to support future investments.
As per a release, under the Electronics Manufacturing Policy 2020, the state has received 67 investment proposals worth ₹15,477 crore, with the potential to generate 1,48,710 jobs. Incentives totaling ₹430 crore have been approved so far, and 25 additional proposals are expected to be cleared by March 2026.
The Startup Policy has also shown significant progress: while ₹274 lakh was released for startup promotion in 2021-22, the figure has increased to ₹2,600 lakh by January 2025. The Chief Minister directed officials to further strengthen the monitoring and effective utilization of the Startup Fund, a release said. (ANI)
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