Uttar Pradesh has received investment commitments of around ₹2,000 crore in the Pharma and MedTech sectors. Chief Minister Yogi Adityanath handed over Letters of Comfort (LoC) to 17 companies, according to an official statement.
The state government said it offers a stable policy environment and support mechanisms for investors. The investments, largely directed towards research and development, are expected to generate over 10,000 jobs.
Referring to India’s broader economic context under PM Narendra Modi, the Chief Minister noted the country’s role in supplying medicines to multiple countries. He also said the recent Pharma Conclave contributed to Uttar Pradesh’s visibility in the health-tech sector.
The state’s Gross State Domestic Product (GSDP) is reported at ₹36 lakh crore. Officials highlighted factors such as a large consumer base, availability of land, and a young workforce. Currently, over 21,000 startups are operating in the state, supported by multiple sector-specific policies and digital platforms.
Data shared by the government shows that the number of factories has increased from about 14,000 in 2017 to 32,000. Uttar Pradesh has received investment proposals worth ₹45 lakh crore, of which ₹15 lakh crore has been implemented, with additional proposals in the pipeline.
In the healthcare sector, the number of medical colleges has increased from 40 in 2017 to 83. The state also has two AIIMS institutions in Gorakhpur and Raebareli, and an AYUSH University.
A pharma park is under development in Lalitpur, spread over 1,500 acres, while a 350-acre medical device park is being developed in Noida, with over 100 companies associated with it.state’s policies and leadership, reaffirming their commitment to expanding investments.