Investment Potential in Western UP Centre for Urban Research
UP has attracted significant investments in sugar, cotton fabrics and diversified food preparations. The state has fifth highest share in the country in manufacturing value added of nearly 7 per cent. The state witnessed a growth of 42 per cent in cement output in 2003-04. At 13,645, UP is in the top quartile in the total number of factories in the country. The electronics, leather, textiles and mineral-based industries have shown a promising growth in the Industrial investments over the years.

The services sector is the key emerging sector in the state. Uttar Pradesh emerged as a hub for IT companies and ranks fourth in terms of software exports. Several MNCs have established their facilities in Noida industrial area, which is in close proximity to the national capital.

The total investment in the state amount nearly to US$ 14.4 billion of which infrastructure investment constitute US$ 11.45 billion. Uttar Pradesh has successfully attracted a good number of international players to establish their facilities in the state. Handicrafts in Uttar Pradesh are world renowned for the finesse craft work with respect to Embroidery, Pottery Work, Cloth Doll Making, Leather Craft, Stone carving, manufacturing of carpets and these industry sectors are expected to get immense benefit with the connectivity offered by the proposed Dedicated Freight Corridor between Delhi and Mumbai.

Prestigious companies such as Asian paints, Honda, Samsung, Yamaha, Avon Cycles, Bhushan Steel, BHEL, BEL, CEL, DCM-DAEWOO, Dalmia, Escorts, Glaxo, Goodlass Nerolac, Hawkins, Hindustan Lever, Hindustan Petroleum, Indo-Gulf Fertilisers, JP Industries, Jain Tube, LML, Pepsi, Parle, Raunaq, Raymond's, Rathi Steels, Nippon Denso, Shamken Multifab, Super House, Somaiya Organics, Telco, Tata Fertiliser, Williard India etc. have invested in the state.

Uttar Pradesh offers wide opportunities for private sector investments in augmentation of infrastructure facilities viz express highways, captive power plants, international airport, dry port facilities and development of recreational and tourism infrastructure. Several Japanese Companies are looking forward to invest in Uttar Pradesh for augmentation of tourism infrastructure as part of development of Buddhist Circuit and Ganga Action Plan (Varanasi) plan projects.