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Yogi Adityanath to revive sick industrial units to boost investment in UP

The state had more than 77,000 sick units with loan outstanding of Rs 25 billion at end March 2015

Yogi Adityanath, Uttar Pradesh, Uttar Pradesh Investors Summit 2018, Adityanath, Yogi govt, UP govt
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Yogi Adityanath, Chief Minister, Government of Uttar Pradesh at the Uttar Pradesh Investors’ Summit Mumbai | Photo: Kamlesh Pednekar

Virendra Singh Rawat Lucknow
Taking a multipronged approach to boost industrialisation and attract investment, the Yogi Adityanath government is now working on a policy to revive sick industrial units in the state.

While, the government has already announced its industrial and investment policy apart from similar policy frameworks in other key sectors, including textiles, tourism, electronics manufacturing and food processing, a slew of complementary policies viz. sick units policy and general start-up policy are also in the wings.

According to the union ministry of Micro, Small and Medium Enterprises (MSME), there were 77,761 sick units in UP with a total loan outstanding amount of