Lucknow, March 24 (NationPress) The Chief Minister of Uttar Pradesh, Yogi Adityanath, proclaimed on Tuesday that entrepreneurs are the essential support of the economy, and safeguarding their rights is a priority for the state government as he unveiled 'Nivesh Mitra 3.0'.

During the launch of the 'Nivesh Mitra 3.0' single-window platform in Lucknow, the Chief Minister stated that this initiative aims to facilitate the establishment of industries, enhancing transparency and bolstering investor confidence in the state as a prime investment hub.

"In the last nine years, the state has significantly reshaped its identity through transparent governance, robust law enforcement, improved infrastructure, and a business-friendly atmosphere," he remarked.

Adityanath described the distribution of incentives to 45 companies and Letters of Comfort (LoCs) to 62 companies as a pivotal advancement for industrial growth during the Navratri festivities.

These initiatives are expected to attract nearly Rs 50,000 crore in investments, generating job opportunities for approximately 50,000 young individuals.

Expressing his congratulations to the start-up founders, Chief Minister Adityanath asserted, "The government is devoted to ensuring swift implementation following MoUs, promptly addressing minor investment-related issues, and fostering a supportive environment for industries."

He emphasized that the trust of investors is the most valuable asset of the state, and the government is tirelessly working to enhance it.

"Uttar Pradesh boasts a market-ready and industry-ready workforce, with a vast pool of skilled youth. Coupled with one of the best demographic dividends worldwide and a large consumer base, it presents a highly appealing prospect for investors," the Chief Minister highlighted.

With the introduction of 'Nivesh Mitra 3.0', over 530 services from more than 43 departments have been streamlined and merged into fewer than 200 services.

The platform features a PAN-based single user ID, a dynamic Common Application Form, an AI chatbot, real-time tracking, automated alerts, and complete online monitoring.

Chief Minister Adityanath mentioned, "Incentives amounting to Rs 2,781.12 crore have been allocated to 85 projects across diverse sectors including manufacturing, automobile, cement, bioplastics, iron and steel, food processing, and electronics."

Out of this, Rs 73 crore was awarded to four IT and electronics projects, while Rs 20 crore was given to ten food processing projects.

Reflecting on the pre-2017 scenario, the Chief Minister noted that investors were previously reluctant to venture into Uttar Pradesh due to a negative perception shaped by identity issues and the prevalence of crime.

He pointed out that only 16 LoCs were issued from 2012 to 2017, in stark contrast to 3,367 LoCs issued in the last nine years, indicating a significant transformation in the investment landscape.

He further stated that industries not only bring in capital but also create jobs and enhance connectivity.

Entrepreneurs deserve respect and protection as they form the backbone of the economy, he asserted.

Notably, the state’s "zero tolerance" and "zero corruption" policies have significantly improved the investment climate.

The state offers a land bank of 75,000 acres, seamless connectivity, holds 55% of India's expressway network (expected to rise to 60%), has 12 domestic and four international airports, and the forthcoming Noida International Airport in Jewar, which is anticipated to become the country's largest cargo and logistics hub with MRO facilities.