UP eyeing post-covid investment from US, Japan, Korea: Industry minister

Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years

Uttar Pradesh is working on garnering investments from the US, Japan and Korea in the post-covid scenario as big companies are looking for viable options to shift base from China, state industrial development minister Satish Mahana today said.

Addressing an e-interaction with members of the UP chapter of the Confederation of Indian Industry (CII), Mahana acknowledged that lockdown-induced labour migration is posing a challenge to industrial revival. “The state government is trying to resolve labour related issues to put the economy back on track.”

“Before lockdown, the state industrial feeders were recording about 8,600 megawatt (Mw) electricity consumption per day, which dipped