UP Investor's Summit : Adityanath says path to India's development goes through UP

UP Investor's Summit : Adityanath says path to India's development goes through UP

Yogi-led-Uttar Pradesh government has formulated industrial policy to create a center of attention for investment in the largest state of India after reviewing policies of various states.

Speaking at the Uttar Pradesh Investors Summit in Lucknow on Wednesday, Modi said the Maharashtra government has set the target to become the first state to achieve the trillion-dollar economy tag.

Stressing that UP has vast potential, Modi said, "When there is positive change, it's visible and the convergence of so many captains of industry is an achievement in itself".

This is result of conviction of the chief minister, he said, adding that if the law and order situation is not appropriate, then no investor will come. For facilitating exporters, Irani suggested that the Uttar Pradesh government set up an "international warehousing centre" and said, "Handicrafts should also be associated with e-commerce, so that national and global buyers can purchase them".

Saying that there was no dearth of resources in the state, the prime minister said Uttar Pradesh has huge potential for ethanol and bio-fuel, and clean energy can resolve many problems in Delhi and NCR, he said.

The Prime Minister said the Adityanath government had pushed the state from negativity towards positivity and rekindled hope among the people.

Modi announced a defence industrial corridor in Bundelkhand.

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"Tourism is a multiplier for growth".

"We are happy that keeping this important fact in mind the state government has brought "one district-one product policy", this could be a game changer, he stressed".

Talking about the Adani Group's investment plans for the state, the top businessman announced an investment to the tune of Rs. 35,000 crore over the next five years.

Rajya Sabha MP Subhash Chandra will address the media and entertainment session during the summit. He also made the announcement to open an IT centre in Varanasi.

Reliance Industries Ltd chief Mukesh Ambani said the Prime Minister's dream was to make UP "Sarvottam Pradesh".

Adani group chairperson Gautam Adani said his group would develop a logistics park in the state.

Aditya Birla Group chairman Kumar Mangalam Birla addressed the summit. Ambani said Reliance would invest Rs 10,000 crore in the state over the next three years. "This will be crucial for the state's development", he said.

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