Uttar Pradesh is the Growth Engine of India

Last Updated on February 28, 2018 by Bharat Saini

UP Investors’ Summit on 21 & 22 February 2018 inaugurated by Prime Minister Narendra Modi witnessed presence of 20 Union Ministers and closing plenary address by President Ram NathKovind signalled a strong alignment between Lucknow and New Delhithat confirmed strong support of Central Government to the State. In his welcome message Chief Minister Yogi Adityanath assured all stakeholders complete support in facilitating and grounding investments in the State and stated that Uttar Pradesh is the growth engine of India, and country’s third largest economy growing at a fast rate. Laying along the fertile plains of Ganges the state is blessed with unlimited opportunities. The investor friendly policy direction of the Government and the Good Governance initiatives, complementing the inherent strengths of the state, will definitely go a long way in transforming the state into a preferred investment destination.Through this investor summit, we intend to provide a platform for the best minds and expertise round the world to collaborate with us in this endeavour.

Prime Minister congratulated the State for establishing itself on the path of development and prosperity in such a short timeframe and complimented the Government of Chief Minister Yogi Adityanath, for changing the negative atmosphere in the State, to one of positivity and hope. The State is making appropriate policies for various sectors and the State Government is serious about fulfilling the promises made to farmers, women and youth.The State is blessed with an abundance of resources and capabilities. He noted its strengths in agriculture. The State is working on a “One District, One Product” scheme. The Union Government’s schemes such as Skill India Mission, Stand-Up India, Start-Up India and Pradhan Mantri Mudra Yojana, will prove useful in implementing the “One District, One Product” scheme of the State and the Union Government’s Pradhan Mantri Kisan Sampada Scheme would help reduce wastage in the agriculture sector. The State had immense potential in ethanol production, due to large sugarcane cultivation.

President said that Uttar Pradesh has potential to be India’s biggest economic power and the turnaround in the fortunes had begun.UPcomprises one of the world’s largest workforces as well as consumer markets and is an irresistible destination for investors in India. Several initiatives rolled out by the state government, like the ease of doing business, single window system and industrial security, had endeared many investors into putting their money in projects in Uttar Pradesh.

• More than seven countries participated in the UP Investors’ Summit 2018.
• Prime minister unveiled Rs 20000 crore Defence Industrial Corridor plan with an employment potential of 2.5 lakh that would help in development of Bundelkhand region.
• 1045 Memorandums of Understanding were signed on the first day of the Summit with investments of Rs 4.28 lakh crore committed by investors and industrialists like Mukesh Ambani, Gautam Adani, Subhash Chandra and Anand Mahindra. This figure equals the recently presented budget of Rs4.28 lakh crore of UP.
• Mukesh Ambani renewed his commitment to supporting Namami Gange and Mahindra is planning a Rs 200 crore resort near in the Vindhya-Varanasi region
• Tourism identified to promote UP as a destination as the State Government has already set aside a budget of Rs 1500 crore for ArdhKumbhMela in 2019.
• Ashok Gajapathi Raju, Union Minister for Civil Aviationpromised to make nine new airports operational in the next 15 months and connect Allahabad to 13 cities.
• Two new International Airports are in the pipeline at Jewarand Kushinagar
• Jewarnear Noida is billed to be the largestInternational Airport in the Country with a full-fledged aerospace hub planned in Jewar next to airport site.
• Piyush Goyal, Minister of Railways and Coal confirmed plans for two new Railway factories, expansion of the existing one at Rae Bareli and starting one at Gorakhpur, besides fast-tracking the two railway freight corridors passing through the state.
• Piyush Goyal assured up-gradation of key stations around Allahabad and to start a Swiss-style Heritage Railway in Terai region.
• Nitin Jairam Gadkari, Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation talked of Highways and Waterways. Expressways have been announced to connect Purvanchal and Bundelkhand to the heartland.
• Defence hubs have been planned along Gautam Buddha Nagar, Agra, Aligarh, Chitrakoot, Kanpur and Varanasi.