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.
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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.
