Published: Wed, February 21, 2018
Worldwide | By Gretchen Simon

Up Attracts Investments Worth Rs 4.28 Lakh Cr: Yogi Adityanath

Up Attracts Investments Worth Rs 4.28 Lakh Cr: Yogi Adityanath

Uttar Pradesh's Yogi Adityanath government is hoping a big from the investor summit 2018.

He said it would generate an investment of Rs 20,000 crore and create employment for 2.5 lakh people.

He said it was more than the national average and indicated a huge potential in the state for civil aviation.

No wonder 900 MoUs have been already inked between the government of Uttar Pradesh and the investors and they will change hands on Wednesday in the presence of Prime Minister Narendra Modi and a galaxy of state and Union ministers.

The Prime Minister said the decision was taken keeping in mind the developmental requirements of Bundelkhand region. The CM has also instructed the Uttar Pradesh DGP to ensure that traffic arrangements were proper.

Adding to this, Adani Group Chairman Gautam Adani hailed Chief Minister's Yogi Adityanath's commitment towards developing the state, adding that his discipline and way of working was "exactly what UP needed".

He talked about the "mad scamper among criminals" following several gunfights-which many have alleged were staged extra-judicial killings-with police in which over 40 hardened criminals have been "sent to the other world" and many more are languishing in the state's overcrowded prisons. Corporate honchos are attending the summit.

Israel Successfully Accomplished Postponed Arrow 3 Test
Two tests of the system in recent weeks were postponed due to technical issues that officials said were not related to the system. The Arrow 3 is the only interceptor that does not carry a warhead, but intercepts an incoming missile by crashing into it.

Uttar Pradesh government wants to pull out at all stops to make the investors summit a grand success.

The event organised by the Yogi Adityanath government is aimed to showcase the investment opportunities in the state.

"I welcome all the guests including industrialists".

He also asked the Uttar Pradesh government to compete with Maharashtra in achieving the target of a one trillion dollar economy. Besides President Ram Nath Kovind, country's top industrialists, business delegates from 20 foreign countries and 200 CEOs, along with nearly 1/4th of the Modi Cabinet, will participate in the two-day mega event, convened to woo much-needed investment for development of Uttar Pradesh.

N. Chandrasekaran, chairman of Tata Sons, said Tata group is committed to participating in UP's growth across sectors, including in manufacturing, IT and services.

Urging the states to get into the "spirit of competitive cooperative federalism" and to try and outsmart each other in growth and industrialization indices, he said Uttar Pradesh had advantages in terms of being a favourite investment destination as 60 per cent of the state's population was a working force. At the event in Lucknow, Modi said that there would be "no red tape but a red carpet for investors".

Like this: