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Uttar Pradesh Emerges as Top Investment Hub, Says Piyush Goyal
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News18•27-09-2026, 15:00
Uttar Pradesh Emerges as Top Investment Hub, Says Piyush Goyal
- •Uttar Pradesh has become a preferred investment destination due to its favorable industrial policies and ability to attract major companies, according to Commerce and Industry Minister Piyush Goyal.
- •Goyal highlighted a significant increase in state revenue collection, which has fueled development, with excise duty collections quadrupling since 2016-17.
- •The state's annual export volume is currently around Rs 2 lakh crore, with a target to boost this to Rs 5 lakh crore by 2030.
- •Major corporations and global investors are establishing operations across various sectors in UP, creating new employment opportunities.
- •Future development for Uttar Pradesh will focus on expanding global exports, attracting international investments, strengthening tourism, and building global recognition for local brands.
Key Questions Answered
Uttar Pradesh currently has an annual export volume of around Rs 2 lakh crore and has set a target to expand this figure to Rs 5 lakh crore by the year 2030.
The state's excise duty collection grew more than four times, jumping from Rs 14,273 crore in 2016-17 to Rs 60,728 crore in the 2025-26 period.
Land transfer registration fees, which include stamp duty collections, rose significantly to reach Rs 43,802 crore in the 2026-27 Budget compared to Rs 11,564 crore back in 2016-17.
