Uttar Pradesh Advances Towards $1 Trillion Economy with Ease of Doing Business Initiatives

Lucknow: In celebration of the centenary year of Bharat Ratna Atal Bihari Vajpayee, an insightful session on Ease of Doing Business (EoDB) and Uttar Pradesh’s vision of becoming a $1 trillion economy was held today at Tilak Hall, Vidhan Sabha Secretariat. Organized under the aegis of Good Governance Week, the event highlighted key initiatives taken by Invest UP to simplify business operations and attract investments to the state.

Prominent dignitaries present included  Asim Arun, Minister (Independent Charge) for Social Welfare, Scheduled Castes, and Scheduled Tribes Welfare; Abhishek Prakash, CEO of Invest UP;  Alok Kumar, Principal Secretary of Planning and Program Implementation; and  K. Ravindra Naik, Principal Secretary of Secretariat Administration.

Asim Arun emphasized the importance of equipping stakeholders with modern tools and knowledge to achieve the ambitious $1 trillion economy goal. “We have paved the highway of development through relentless efforts. Now, it is time to accelerate our journey towards the target,” he remarked, calling for continuous skill enhancement among government employees and stakeholders.

The session featured a comprehensive presentation by Invest UP, outlining the achievements and impact of EoDB measures in the state. The ‘Nivesh Mitra’ portal, a single-window platform, now offers over 500 online services across 42 departments, earning a 97% user satisfaction rate as per third-party audits. This platform has become a preferred choice for investors, significantly enhancing the ease of doing business in Uttar Pradesh.

Speaking at the event, Abhishek Prakash highlighted the proactive steps taken by the state to dismantle outdated and cumbersome regulations. “We have decriminalized over 500 rules to foster a business-friendly environment,” he said, underlining the state’s commitment to facilitating domestic and global investments.

Alok Kumar elaborated on the roadmap for Uttar Pradesh to achieve its $1 trillion economy vision, stressing the importance of strategic planning and execution. The event concluded with a renewed commitment to strengthening Uttar Pradesh’s position as a business and investment hub in India.

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