Politics

Investment of 29.92 lakh crore with prospects of generating 92.5 lakh jobs

Prime Minister Narendra Modi inaugurated the Uttar Pradesh Global Investors Summit 2023 and Global Trade Show on February 10, which has paved the way for an investment of 29.92 lakh crore in the state and may generate more than 92.5 lakh jobs and employment. The event has brought state- policymakers, industry leaders, academia, think tanks and leaders from across the world to collectively explore business opportunities and forge partnerships. It is a flagship investment summit of the UP government. Defense Minister Rajnath Singh, UP Governor Anandiben Patel and Chief Minister Yogi Adityanath were among the dignitaries present on the occasion. The PM said this event will help the state to be a one trillion dollar economy, which will fulfil the resolve to make the country a $5 trillion economy.

Summit is the gateway to development

In his speech, Chief Minister Yogi Adityanath said that an amicable environment for investment has been created in Uttar Pradesh to create new employment opportunities for lakhs of youth. Terming the Global Investors Summit as the gateway to development in the economy of UP, CM Yogi said this is the reason that 18,643 MoUs have been signed in the UP Investors Summit 2023 for investment in the state.

Target of $1 trillion economy

Welcoming all the visitors to the Investors Summit, Yogi said, the state has shed the tag of Bimaru Pradesh. The image of UP has changed. Law and order is now the identity of UP. Work is going on in full swing under the direction of Prime Minister Narendra Modi. He said that the state is working to achieve the $1 trillion economy target. Today UP is becoming the first choice of industrialists as a result of which many countries of the world are investing in the state.

UP means investment-friendly state

Defence Minister Rajnath Singh said that the industry has a special contribution to India's ever-increasing reputation. He said that pseudo-socialism harmed India's industrialisation. An environment was created against the industries, but under the leadership of PM Modi, the perception of the people has changed regarding the industries in UP and the country. Now UP means education hub, UP means investment hub and UP means investment-friendly state.

Investment of lakhs of crore

A battery of leaders from the industry spoke on the occasion and pledged an investment of lakhs of crore. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, stated that regional imbalances in India are rapidly diminishing, as is the barrier between urban and rural India. Uttar Pradesh is an excellent example.

Ambani listed four factors

Ambani said, India is on a very good economic path, listing four primary factors like- technological adoption, the greatest young population, regional inequities vanishing and extraordinary hope among people. He said, Indians are adopting technology at a rate unmatched even in the developed world and India's young are filled with entrepreneurial energy and ambition, and that their innovations and ideas would take the globe by storm.

Reliance to invest 75 thousand crore

Ambani said, Reliance expects to spend an additional 75,000 crore in UP over the next four years across Jio, retail, and renewable sectors, generating over 1 lakh new employment. Over the last several years, the organisation has already invested around 50,000 crore in Uttar Pradesh. In addition, by December 2023, Jio would have completed its 5G rollout to every town and village in Uttar Pradesh.

360-degree development possible: Birla

Kumar Mangalam Birla, said that India is showing remarkable entrepreneurial dynamism and innovation and credited the Prime Minister with infusing new energy into the country's economic landscape. Natarajan Chandrasekaran, Chairman of Tata Sons said that the visionary leadership of the Prime Minister has created a situation, where India is going to be the fastest-growing economy. “It is not only economic growth, what the Prime Minister has enabled is 360-degree development.”

Daniel Bircher lays stress on partnership

Daniel Bircher, CEO of Zurich Airport Asia said that the Zurich Airport is celebrating its 75th anniversary just as India is celebrating 75 years of independence. He mentioned the long-standing partnership with India, where Zurich Airport supported the development of the Bengaluru Airport two decades ago and is presently developing the Noida International Airport.

Airport infrastructure growing fast

Bircher also underlined the direct connectivity of the Noida International Airport with the Yamuna Expressway. Chairman of Dixon Technologies, Sunil Vachani said that almost 65% of the mobile phones sold in India, are manufactured in Uttar Pradesh and credited the dynamic policies of the Uttar Pradesh Government in making it a manufacturing hub. He also noted that today Dixon Technologies is looking at exporting almost 100 billion dollars worth of mobile phones. All the industry leaders showed optimism towards the opportunities emerging in Uttar Pradesh.

5 International airports in UP: PM

Earlier, PM Modi emphasized that the land of Uttar Pradesh is known for its cultural splendor, glorious history and rich heritage. He said within 5-6 years, Uttar Pradesh has established a new identity. Now the state is known for good governance, better law and order situation, peace and stability. New opportunities for wealth creators are being made here. He said very soon UP will be known as the only state with 5 International airports. Freight corridor will connect the state directly with the sea coast in Maharashtra.

Opportunities are galore in UP

PM Modi also highlighted the opportunities in Uttar Pradesh regarding dairy, agriculture, fisheries and food processing. He said this is one sector where private sector participation is still limited. He told the investors about the PLI in the food processing industry. He reiterated the government’s commitment to ensuring a seamless modern system from input to post-harvest management for the farmers. PM  also spoke of crop diversification, more resources to farmers and reducing the input cost.

Double-engine government

PM Modi also threw the light on the development works that have taken place in the education and skill development in the state, listing Mahayogi Guru Gorakhnath Ayush University, Atal Bihari Vajpayee Health University, Raja Mahendra Pratap Singh University and Major Dhyan Chand Sports University as institutions that will impart different types of skills. PM Modi said, the robust partnership between the resolve of the double-engine government and the possibilities in the state of Uttar Pradesh, has done a lot of good for the state.

Flagship investment summit

Scheduled from 10-12 February 2023, Uttar Pradesh Global Investors Summit 2023 is the flagship investment summit of the Government of Uttar Pradesh. Investor UP 2.0 is a comprehensive, investor-centric and service-oriented investment ecosystem in Uttar Pradesh, that endeavours to deliver relevant, well-defined, standardised services to investors.

 

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