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HomeBusinessUttar Pradesh is emerging as the new business hub of the country, overtaking West Bengal - Top News Bulletin

Uttar Pradesh is emerging as the new business hub of the country, overtaking West Bengal – Top News Bulletin


population A major achievement has been registered in the name of Uttar Pradesh, India's largest state. Uttar Pradesh, an agricultural state, has now become the third largest state in the country in terms of active or operational companies, leaving behind West Bengal. This has come to light in the latest data released by the Ministry of Corporate Affairs. The state has achieved this feat due to the improving economic environment in Uttar Pradesh and the increasing trust of companies on the state government.

Maharashtra is first and Delhi is second

In this list as of September 30, Maharashtra is at first place with 3,38,351 active companies and Delhi is at second place with 2,46,361 companies. Now Uttar Pradesh has come to third position, leaving behind West Bengal, where the total number of active companies is 1,45,009. On the other hand, the total number of active companies in West Bengal, which has come from third place to fourth place, is 1,44,348.

Highest increase in last one and a half year

There has been a tremendous increase in the number of active companies in Uttar Pradesh in the last one and a half years. During this period, 28,649 active companies have been incorporated in the state, which is second after Maharashtra. On the other hand, only 8,896 new active companies have joined West Bengal in the last one and a half year. Amit Malviya, co-incharge of IT department of West Bengal BJP, has also made a tweet related to this matter.

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Amit Malviya

Long term prospects

More companies are closing down in West Bengal

Till date, 2,42,249 companies are registered in West Bengal, but a large number of companies have been closed in the state. The data shows that 94,039 companies in West Bengal have been closed, 1145 companies are under liquidation, 456 are dormant, and 2261 are in the process of deregistration. On the other hand, in Uttar Pradesh, 52,603 ​​companies have been closed, 295 are under liquidation, 107 are dormant, and 1245 are in the process of deregistration.



Image Credit: India-Tv.

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