Infrastructure Growth and Policy Reforms Make UP a Preferred Investment Destination
Lucknow: Senior financial leaders from across India lauded Uttar Pradesh’s rapidly transforming industrial and investment ecosystem during a high-level Chief Financial Officers (CFO) Conclave organised by Invest UP in Lucknow.
The conclave, held at a city hotel, brought together more than 175 CFOs and CXOs from some of India’s leading corporations. According to organisers, nearly 90 percent of the participating finance executives were visiting Lucknow for the first time, while several others had returned to the city after nearly a decade. Many delegates expressed surprise and appreciation over the remarkable improvements in infrastructure, connectivity, urban development, and the overall industrial environment in Uttar Pradesh.
Addressing the gathering, Deepak Kumar, Infrastructure and Industrial Development Commissioner (IIDC) of Uttar Pradesh, spoke on the theme “Fiscal Discipline, Rapid Growth: What Corporate Finance Can Learn from the State Balance Sheet.”
He said Uttar Pradesh has emerged as a revenue-surplus state and is witnessing rapid industrial expansion due to robust infrastructure development, investor-friendly governance, and effective policy reforms. He noted that investors already operating in the state have appreciated the government for delivering policy incentives, infrastructure support, and administrative cooperation as promised.
Deepak Kumar said these efforts are aligned with the vision of Yogi Adityanath to transform Uttar Pradesh into a one-trillion-dollar economy.
Highlighting the response of visiting delegates, he said many corporate leaders were highly impressed by the scale of transformation witnessed across the state, which positively changed their perception of Uttar Pradesh as an investment destination.
Alok Kumar, Principal Secretary of Planning & Programme Implementation and IT & Electronics Department, outlined the state government’s strategy to achieve the one-trillion-dollar economy target. He emphasised large-scale infrastructure development, investment promotion, innovation, and emerging initiatives such as the proposed Lucknow AI City project.
Welcoming the delegates, Vijay Kiran Anand described Uttar Pradesh as a preferred destination for both domestic and global investors. He highlighted several investor-friendly policies introduced by the state government, including the Uttar Pradesh GCC Policy 2024, Uttar Pradesh Industrial Investment and Employment Promotion Policy 2022, and the UP FDI/FCI/Fortune Global & India 500 Companies Investment Promotion Policy 2023.
Prerna Sharma, Additional CEO of Invest UP, stated that Uttar Pradesh has been recognised as a “Top Achiever” under the Business Reform Action Plan (BRAP) rankings due to its strong performance in Ease of Doing Business reforms.
She further noted that Uttar Pradesh secured the top position nationally in the Deregulation 1.0 rankings released by the central government in January 2026. The state, she said, has significantly simplified approval processes, reduced compliance burdens, and strengthened investor confidence through large-scale digitisation of services.
The conclave highlighted Uttar Pradesh’s growing stature as one of India’s fastest-emerging investment hubs, driven by policy stability, infrastructure expansion, and proactive governance.
