LUCKNOW, Apr 26: Uttar Pradesh Chief Minister Yogi Adityanath on Sunday presented Letters of Comfort (LoC) to 17 pharmaceutical companies and said the day marks a historic milestone for the state’s industrial and healthcare sectors.
He, according to an official statement, assured investors that UP guarantees safety, stability, and speed, and is now being recognised for trust and timely delivery.
He emphasised that the state stands firmly with every reliable policy partner.
Adityanath said, “Under the visionary leadership of Narendra Modi, a ‘New India’ is emerging, with the country’s economy reaching new heights. India is supplying affordable and high-quality medicines to around 200 countries.”
Referring to the recent Pharma Conclave, he said it has elevated Uttar Pradesh’s position on the global health-tech map.
Addressing investors, he noted that their investment is not just in pharma and medical devices, but is also connected to the trust of 25 crore people in the state.
An investment of nearly Rs 2,000 crore in research and development will help take Uttar Pradesh to new heights and is expected to generate employment for over 10,000 skilled and unskilled youth.
He stated that the results of collective efforts are now visible on the ground, with investments creating new opportunities.
Over the past nine years, due to clear policies and clean intent, Uttar Pradesh has transformed from a “BIMARU” state into the country’s growth engine. The state’s GSDP has risen to Rs 36 lakh crore.
He highlighted that Uttar Pradesh is a large market with an industry-friendly environment, ample land bank, and a strong workforce. About 56 per cent of the workforce is young, and they are being equipped with skills, innovation, and technology aligned with market needs.
Currently, more than 21,000 startups are operating in the state.
Adityanath emphasised that law and order is the foundation of development, and since 2017, Uttar Pradesh’s strong law-and-order situation is recognized nationally and globally.
The state has moved from policy paralysis to policy stability, with over 34 sectoral policies in place..
Platforms like Nivesh Mitra, Nivesh Sarathi, and Udyami Mitra are facilitating a business-friendly environment.
He also outlined the changes since 2017, noting that the number of factories has increased from 14,000 to 32,000, creating large-scale employment.
The state has received investment proposals worth Rs 45 lakh crore so far, out of which Rs 15 lakh crore has already been implemented. Another Rs 7-8 lakh crore worth of proposals will soon be grounded, he said.
Sharing UP’s success story, he said that the number of medical colleges has increased from 40 in 2017 to 83 today, each accompanied by a nursing college. The state also has two AIIMS institutions (in Gorakhpur and Raebareli) and has operationalised an AYUSH University.
A pharma park is being developed over 1,500 acres in Lalitpur, while a 350-acre medical device park is under development in Noida, with over 100 companies already associated.
Representatives of pharma companies expressed enthusiasm about investing in Uttar Pradesh and confidence that under CM Yogi Adityanath’s leadership, their investments will achieve significant growth. On the occasion, he presented LoC to 17 investors. (PTI_)
Follow our WhatsApp channel
