Describing the inherent strengths of Uttar Pradesh, the Prime Minister Narendra Modi said that nothing can stop the state from moving on the path of development. He attended the Ground Breaking Ceremony @3.0 of the UP Investors Summit at Lucknow on Friday. During the Ground Breaking Ceremony, he laid the foundation stone of 1406 projects worth more than Rs 80,000 crores.
Prime Minister said that proposals that were entered into today will create new possibilities in Uttar Pradesh and reflect the growing confidence in the growth story of Uttar Pradesh. Speaking about the strides made in Uttar Pradesh after 2017, he said for faster growth, our double engine government is working together on infrastructure, investment and manufacturing.
The allocation of unprecedented capital expenditure of Rs 7.50 lakh crore in this year’s budget is a step in this direction, he added. He said that the improved law and order situation has restored the confidence of the business community, created a proper atmosphere for industry and improved the administrative systems in the state.
He said that as a MP from the state, he has felt the capability and potential in the administration and government of the state that the country expects from them. He complimented the changed mood and work culture of the state machinery.
He informed that in the latest Budget, there was an announcement of a 5 KM chemical-free natural farming corridor on both the banks of Ganga. Uttar Pradesh has 1100 KM of Ganga River covering 25-30 districts. This will create huge opportunities for natural farming.
He said for the corporate world now is the golden opportunity to invest in the agriculture sector. He said that PLI schemes and allocation of 7.5 lakh crore rupees for capital expenditure will also benefit the state.
He also mentioned the defence corridor in the state as a harbinger of new opportunities. Steps like modern PowerGrid, gas pipeline, multi model connectivity, record number of expressways, strengthening of connectivity of economic zones, modern railway infrastructure, Eastern and western Dedicated Freight Corridor all are converging in Uttar Pradesh with a promise of giving a new push to the development of Uttar Pradesh.
The UP Investors Summit 2018 was held on 21st -22nd February 2018, with the first Ground Breaking Ceremony being held on 29 July, 2018 and second Ground Breaking Ceremony on 28 July 2019. During the first Ground Breaking Ceremony, foundation of 81 projects worth more than Rs 61,500 crore was laid, while in the second Ground Breaking Ceremony, foundation of 290 projects with investments of more than Rs 67,000 crore was laid.
