These satellite offices in Mumbai, Bengaluru, Hyderabad, Chennai and New Delhi will give new impetus to industrial development in the state.

Lucknow, October 22 (IANS). The Uttar Pradesh government has taken a big step to give momentum to the state and to provide convenience to investors. Now, satellite investment promotion offices of ‘Invest UP’ will be opened in five major metros of the country, Mumbai, Bengaluru, Hyderabad, Chennai and New Delhi. Its objective is to bring capital investment from major industrial centers of the country directly to UP and connect investors with the policies and possibilities of the state. Chief Minister Yogi has already given green signal to the restructuring proposal of Invest UP. In this sequence, it is proposed to establish these satellite offices, which will give a new impetus to the industrial development in the state. A team of one general manager, one assistant general manager, two entrepreneur friends, two managers and two office assistants will work in each office. A total annual expenditure of over Rs 12 crore is estimated to be spent on all five offices. According to the government’s plan, each city’s satellite office will focus on strategic areas in accordance with its geographical and industrial characteristics. The Mumbai office will focus on financial services, infrastructure, fintech and ESG funds. The Bengaluru office will focus on GCC, aerospace, semiconductor, EV and deep technology sectors. The Hyderabad office will focus on the pharmaceutical, data center, health technology and enterprise SaaS industries. The Chennai office will attract investment in the automotive, electronics, textile and hardware manufacturing industries. The New Delhi office will serve as the dedicated Invest UP and Asia-EU facilitation office. This move by the government will be important to increase closer communication with investors and further enhance the ‘ease of doing business’ image of the state. Chief Minister Yogi Adityanath says that Uttar Pradesh has now not only become a consumer state but also a favorite destination for investors. Satellite offices will act as a bridge in this direction. Through these satellite offices, Uttar Pradesh will establish its permanent presence among the top industrial centers of the country and create a new identity on the global investment map. –IANS Vickety/AS Share this story Tags