UP linking startups with big industries to boost economy

Move aimed at making the state a trillion-dollar economy in 4-5 years, says panel

- VIRENDRA SINGH RAWAT

Uttar Pradesh is fortifying the single-window clearance system for businesses and linking the startup ecosystem with big industries in a bid to become a trillion-dollar economy in the next 4-5 years.

Participating in Business Standard's 'Samriddhi' roundtable in Lucknow on Wednesday, Invest UP Chief Executive Officer (CEO) and Industrial Development Secretary Abhishek Prakash said the state was dexterously working on its industrial development agenda.

"Our single-window online clearance portal 'Nivesh Mitra' is the largest such platform in India, and it has the highest disposal rate of 97.22 percent, which fetched us the first award from the central government last month," he said at the Samriddhi panel discussion titled 'UP: Ease of Doing Business'.

The event — attended by a large number of industrialists, bankers, economists and investors — was held to deliberate on various developmental and economic issues in UP in the wake of the state jumping to the second position in the ease of doing business ranking.