PM inaugurates UP Investors Summit

Cesar Mills
February 22, 2018

Earlier in the day, Prime Minister Narendra Modi inaugurated the two-day "UP Investors Summit"-the first such event by the Yogi Adityanath government".

He said that when change happens, it becomes apparent for all to see.

Officials behind the Investors" Summit admit that the "return of the rule of law to a large extent' has cheered the industry and that many prospective investors have communicated this to the state's political leadership. He congratulated the State for establishing itself on the path of development and prosperity in such a short timeframe.

Referring to the situation in the state earlier, Modi said, "Bhay aur asuraksha ke mahoul mein jab samanya nagrik uska jeevan jeena mushkil ho jata hai to udyogon ki to baat soch hi nahi sakte (When the common man found it hard to live in an atmosphere of fear and insecurity, the plight of industries can not be imagined)".

"Hon'ble Chief Minister, it is our commitment to stand with you on your journey of transforming Uttar Pradesh into a progressive and industrialized state", he said addressing Uttar Pradesh chief minister, Yogi Adityanath.

He said the State is working on a "One District, One Product" scheme.

Slamming the previous governments for non-implementation of MoUs signed with the companies, PM Modi said, "I will take personal interest in all the agreements signed here and will make sure that they all are realised". Modi also said the Poorvanchal and Bundelkhand expressways would transform the economy of the two regions as farmers and traders would get national and worldwide connectivity.

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He also asked the Uttar Pradesh government to compete with Maharashtra in achieving a target of one trillion dollar economy.

The earlier atmosphere of fear in the state had not only affected the people but also the investors but Yogi government has brought a positive environment in the state and has laid a foundation for new a UP. However, without naming the university, Mukesh Ambani promised a Centre for the Fourth Industrial Revolution on the campus of a reputed university in Uttar Pradesh.

Modi announced a defence industrial corridor in Bundelkhand.

"Policies are being made linking industrial development with employment opportunities.investors will now get red carpet instead of red-tapism", he said pointing at the new single window clearance app launched at the summit.

With this "capacity and strength", Modi said, UP can be a "growth engine" not just for north India but for the entire country.

"Jio has invested Rs 20,000 crore already in the state, and plans to invest another Rs 10,000 crore over the next three years".

As is clear from Ambani's speech at the summit, Reliance Jio is banking heavily on Uttar Pradesh to help it achieve domination over the telecom sector of the country. He also assured that his company is going to provide 2 crore Jio phones in the state.

Other reports by GizPress

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