LUCKNOW, April 15 -- The Uttar Pradesh government is preparing a new draft policy to restructure Invest UP, the state's key investment promotion agency, in the wake of corruption allegations against its former CEO. The proposed policy aims to streamline approvals, increase transparency, and include greater participation from industry leaders.

Officials drafting the policy have recommended faster clearances, direct industry representation in decision-making, and national-level outreach through new offices.

"The new draft policy for Invest UP is being framed. It will be more investor friendly," said Nand Gopal Gupta 'Nandi', cabinet minister for industrial development. "There will be time-bound approval of proposals and participation of i...