Yogi Adityanath Hands Over LoCs to 17 Pharma Firms, ₹2,000 Crore Investment Set to Boost Jobs and Healthcare in Uttar Pradesh
Lucknow: Chief Minister Yogi Adityanath on Sunday marked a significant step toward strengthening the state’s pharmaceutical and healthcare ecosystem by issuing Letters of Comfort (LoCs) to 17 companies.
Calling the occasion a “historic milestone” for both industry and healthcare in the state, the Chief Minister extended his best wishes to investors and assured them of a supportive and reliable business environment.
He emphasised that Uttar Pradesh today offers a strong foundation of safety, stability, and speed—factors that are increasingly attracting investment and building trust among industry leaders.
Addressing the gathering, he highlighted how the state has emerged as a dependable partner known for timely delivery and policy consistency.
He reaffirmed that the government stands firmly with credible investors and is committed to facilitating their growth.
Referring to the broader national vision under Narendra Modi, the Chief Minister noted that India’s economy is reaching new heights and supplying affordable, high-quality medicines to nearly 200 countries.
He told investors that their commitment goes beyond business—it is closely tied to the trust and well-being of Uttar Pradesh’s 250 million residents.
The combined investment, estimated at around ₹2,000 crore, is expected to significantly boost research and development in the pharma and medical device sectors.
It is also projected to create employment opportunities for over 10,000 skilled and unskilled youth across the state.
Highlighting Uttar Pradesh’s advantages, the Chief Minister described it as a large and growing market with an industry-friendly environment, ample land availability, and a strong workforce.
Nearly 56% of the state’s workforce is youth, making it a key driver of future growth.
He also underlined the importance of law and order as the foundation for development, stating that since 2017, improvements in governance have made Uttar Pradesh more attractive to investors.
He pointed out that the number of factories in the state has more than doubled—from around 14,000 in 2017 to over 32,000 today.
The state has received investment proposals worth ₹45 lakh crore so far, of which projects worth ₹15 lakh crore have already been implemented. Additional proposals worth ₹7–8 lakh crore are expected to be grounded soon.
The 17 companies awarded LoCs will establish projects across multiple districts, including Barabanki, Noida, Ghaziabad, Kanpur, Aligarh, Lalitpur, Raebareli, Sitapur, Bareilly, and others—spreading industrial growth across the state.
The event reflects Uttar Pradesh’s growing ambition to position itself as a major hub for pharmaceuticals and healthcare manufacturing, while also creating jobs and strengthening public health infrastructure.
