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New factories and jobs reshape UP’s economic future

Uttar Pradesh is swiftly evolving into an industrial powerhouse, as revealed by the Annual Survey of Industries (ASI) 2023-24. The state now ranks among the top five in both employment generation and number of operational factories, setting fresh benchmarks for India’s industrial transformation under Chief Minister Yogi Adityanath. Youthful energy and innovation are driving the region’s progress, as government policies and infrastructure investments yield impressive results.

Rapid Expansion of Factories and Jobs

The ASI 2023-24 report shows Uttar Pradesh rising from 19,102 factories in 2022-23 to 22,141 in 2023-24—a growth of 15.91%. This expansion is nearly seven times the national average and highlights UP’s 8.51% share of India’s factories, placing it fourth after Tamil Nadu, Gujarat, and Maharashtra. Employment figures climbed from 14.86 lakh in 2022-23 to 16.26 lakh in 2023-24, registering a 9.37% increase, significantly exceeding the national average of 5.9%.

Strong Government Leadership and Policy Push

Chief Minister Yogi Adityanath’s administration gets credit for proactive industrial policies and transparent governance. Industry-friendly regulations, streamlined investor services, and safety assurances have encouraged both domestic and global companies to invest. Coca-Cola’s recent ₹700 crore bottling plant in Gorakhpur and other major projects reflect confidence in UP’s growth trajectory and business climate.

Infrastructure Growth, Tech, and Skill Development

The Yogi government consistently focuses on building new industrial zones, strengthening traditional clusters, and enhancing connectivity. Initiatives include improved highways, eco-friendly facilities, and digital management of large-scale projects. Skill development centers are being established across the state to empower youth and decrease migration for jobs.

Investment Climate and Entrepreneurial Boost

As per several media sources, UP has cultivated an environment that welcomes investment. Both legacy and emerging sectors have seen a surge, as entrepreneurs benefit from supportive policies, robust law and order, and ease-of-doing-business reforms. The state’s share in Gross Value Added (GVA) rose to 25.03%, more than double the national average, underlining UP’s substantial contribution to India’s industrial output.

With momentum building, Uttar Pradesh stands on the verge of a new industrial era, promising jobs, opportunities, and a dynamic economy for the next generation.

This remarkable advancement is likely to encourage heightened public expectations for inclusive development, new investment opportunities, and continuous improvements in skills and infrastructure throughout Uttar Pradesh.


Disclaimer
“This news story has been developed by Ingenious India based on information available in the open domain for public consumption. Ingenious India does not claim ownership of original reporting and has compiled this article using publicly accessible media sources. For any concerns regarding the information, please contact the editor at ingindia22@gmail.com.”

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