Road Show on Investment Opportunities in UP Held in Ahmedabad

Ahmedabad | June 7, 2025 — The Uttar Pradesh government continued its aggressive push to position the state as India’s premier investment destination by hosting a high-profile road show in Ahmedabad on Friday. The event, aimed at showcasing the state’s booming infrastructure, investor-friendly policies, and sectoral growth, drew participation from industry leaders, entrepreneurs, and senior government officials.

Held under the banner of “Invest UP”, the road show spotlighted opportunities across multiple sectors including manufacturing, defense, renewable energy, IT, textiles, and food processing. With Gujarat known for its robust industrial ecosystem, the event marked a strategic move to tap into investor sentiment from one of India’s most business-savvy states.

UP’s Industrial Transformation in Focus

Speaking at the event, Nand Gopal Gupta 'Nandi', Uttar Pradesh's Minister for Industrial Development, said, “We are not just inviting investment; we are offering a complete ecosystem of growth. From expressways to digital infrastructure, UP is undergoing a silent revolution. We want Gujarat’s businesses to be a part of this journey.”

Gupta highlighted key government initiatives including the UP Industrial Investment and Employment Promotion Policy, the One District One Product (ODOP) scheme, and dedicated industrial corridors, which have significantly improved the ease of doing business in the state.

Key Sectors Draw Investor Attention

The road show presented a detailed pitch on sectoral opportunities with a focus on:

• Defense and Aerospace: Emphasis was placed on the upcoming Defense Corridor in Bundelkhand, which is expected to attract ₹20,000 crore in investments and generate over 2.5 lakh jobs.

• Food Processing: With UP being India’s leading producer of sugarcane, wheat, and dairy, food processing units were pitched as high-return ventures.

• Logistics and Warehousing: The recent operationalization of Purvanchal, Bundelkhand, and Ganga Expressways has reduced logistical costs and improved connectivity with Eastern India.

• Textiles and Handicrafts: The ODOP initiative was widely praised during the session for reviving rural economies and generating exports.

Analyst View: Gujarat-UP Synergy Beneficial

Amit Shah, a senior economist with Anand Rathi Securities, noted, “The industrial alignment between Gujarat and UP could unlock value for both states. Gujarat-based companies looking to scale operations toward Northern and Eastern India will find UP a strategic base, especially given its improved infrastructure and land availability.”

He further emphasized that UP’s young population, labor availability, and expanding consumption make it a lucrative market for FMCG, EVs, and consumer durables.

Investor Testimonials Add Credibility

Several Gujarat-based companies expressed interest in exploring investment opportunities in UP.

Manish Patel, Director of Aditya Engineering Works, said, “We were surprised to see the scale of infrastructure projects in UP. The government is clearly pushing for industrial growth with clear timelines and single-window clearances. We are considering setting up a component manufacturing unit in Greater Noida.”

Another potential investor, Rupal Desai, a textile exporter from Surat, stated, “The state’s ODOP program is a great blend of tradition and trade. We’re exploring partnerships with local units in Varanasi and Bhadohi.”

Government Support and Policy Framework

The event also featured presentations by senior officials from Invest UP and the Department of MSME, who elaborated on available land banks, plug-and-play industrial parks, and fiscal incentives under the UP Investment Promotion Policy 2022.

Additionally, the government has rolled out 25+ sector-specific policies including for data centers, EVs, warehousing, and tourism. Officials shared that over ₹40,000 crore worth of MoUs signed during the 2023 UP Global Investors Summit are already under implementation.

Market Context: UP’s Economic Growth Story

Uttar Pradesh, India’s most populous state, has been among the top five contributors to India’s GDP growth in the last two fiscal years. With an economy nearing ₹25 lakh crore in 2024–25, the state is targeting to become a $1 trillion economy by 2027.

The Yogi Adityanath-led government has prioritized law and order, infrastructure, and digital governance—factors that were underscored at the Ahmedabad event to assure investors of a secure and efficient business environment.

Investor Outlook: Optimistic and Cautiously Curious

While the response from Ahmedabad’s business community was largely positive, some investors cited the need for sustained on-ground support and transparency in approvals.

Sanjay Mehta, a venture capitalist based in Gandhinagar, summed it up: “UP is clearly on the move. The big challenge now is converting interest into actual investments. If they maintain consistency in policy execution and offer post-investment support, we see strong growth potential.”

What’s Next?

The road show in Ahmedabad is part of a nationwide investor outreach program by the Uttar Pradesh government, which has already conducted similar events in Mumbai, Bengaluru, and Hyderabad. A global road show series is expected later this year in Dubai, Singapore, and Frankfurt ahead of the next Global Investors Summit in 2026.