Lucknow: The government of Uttar Pradesh has issued Letters of Comfort (LOC) to 17 pharmaceutical companies, marking a major boost to the state’s healthcare and industrial ecosystem. The initiative is expected to attract investments worth around ₹2000 crore and generate over 10,000 employment opportunities.
Chief Minister Yogi Adityanath described Uttar Pradesh as a safe, stable, and investment-friendly destination, emphasizing the state’s rapid transformation into a major industrial hub.
Pharma Investment to Strengthen Healthcare and Economy
At the event held in Lucknow, the Chief Minister congratulated investors and said the development marks a significant milestone for both industrial growth and healthcare advancement in the state.
He highlighted that the pharmaceutical sector plays a crucial role in strengthening India’s healthcare system, which currently supplies affordable and quality medicines to nearly 200 countries worldwide.
₹2000 Crore Investment to Create 10,000 Jobs
The approved projects include a combined investment of approximately ₹2000 crore focused largely on research and development. This is expected to create more than 10,000 jobs, including opportunities for both skilled and unskilled youth.
The Chief Minister said that such investments are not just business expansions but also a commitment to the aspirations of Uttar Pradesh’s 25 crore population.
Uttar Pradesh Emerging as India’s Growth Engine
Yogi Adityanath stated that due to strong governance and clear policy direction over the past nine years, Uttar Pradesh has transformed from a “BIMARU” state into India’s growth engine.
He noted that the state’s Gross State Domestic Product (GSDP) has risen to ₹36 lakh crore, reflecting strong economic progress.
Strong Law and Order Boosting Investor Confidence
The Chief Minister emphasized that strong law and order is essential for development. Since 2017, Uttar Pradesh has significantly improved its security environment, shifting from policy paralysis to policy stability.
He also highlighted investor support platforms such as Invest UP, Nivesh Sarathi, and Udyami Mitra, which are helping streamline investment processes.
Industrial Expansion: Factories Double in Seven Years
The number of factories in Uttar Pradesh has increased from 14,000 in 2017 to 32,000 at present, creating large-scale employment opportunities.
The state has received investment proposals worth ₹45 lakh crore, out of which ₹15 lakh crore have already been implemented, while another ₹7–8 lakh crore are in the pipeline.
Pharma Clusters and Medical Infrastructure Growth
The government is rapidly expanding healthcare infrastructure. Key developments include:
- Increase in medical colleges from 40 (2017) to 83
- Establishment of AIIMS in Gorakhpur and Rae Bareli
- A 1500-acre Pharma Park in Lalitpur
- A 350-acre Medical Device Park in Noida with over 100 companies
These projects are positioning Uttar Pradesh as a major hub for pharma and medical manufacturing.
Major Investments by Pharma Companies
The 17 companies receiving LOC include:
- Biozenta Lifesciences (Barabanki) – ₹1250 crore
- Romans Medworld (Noida) – ₹136.89 crore
- Hygelance Laboratories (Noida) – ₹120 crore
- Kotek Healthcare (Ghaziabad) – ₹100 crore
- JB Remedies (Hathras/Noida) – ₹70 crore
- Positron Biogenics (Kanpur) – ₹60.24 crore
- IV Tech Healthcare (Aligarh) – ₹56.12 crore
- JBJM Parenterals (Lalitpur) – ₹51 crore
- Raspa Pharma (Raebareli) – ₹45.21 crore
- NBS Group (Sitapur) – ₹42.59 crore
- Wellness Zecure (Jalaun) – ₹11.65 crore
- Camle Industries (Saharanpur) – ₹10 crore
- Radicon Lab (Noida) – ₹10 crore
- Sanjivani Meditech (Bareilly) – ₹7.95 crore
- Safcon Lifesciences (Bareilly) – ₹6.43 crore
- RAP Med Surgical (Hathras) – ₹5.53 crore
- Voda Chemical (Hapur) – ₹4.84 crore
Uttar Pradesh Positioned as Investment Powerhouse
The Chief Minister said Uttar Pradesh now offers a large consumer market, abundant land bank, and a young workforce, with 56% of the population being youth. Over 21,000 startups are currently active in the state, supported by innovation and skill development initiatives.
Strong Policy and Infrastructure Driving Growth
The government’s focus on policy stability, improved governance, and infrastructure development has significantly improved investor confidence. The state continues to strengthen its position as one of India’s most attractive investment destinations.
