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- Published: May 13, 2022 20:23
Lucknow: Preparations have begun for hosting the Global Investors Summit in Uttar Pradesh, which will pave way for the state to realise Chief Minister Yogi Adityanath’s resolve of making it a one trillion dollar economy.
The state will also hold national and international road shows in the next two years and three ground breaking celebrations over the next five years to boost investment in the state, said a press release on Friday.
In the last five years, CM Yogi has implemented about two dozen policies while simplifying procedures in order to make the state an investment hub. The CM’s industry-friendly move attracted not only national but also international companies to invest in Uttar Pradesh.
The Department of Industries has received investment proposals worth Rs 20,559 crore from 10 countries including Singapore, US, Japan, UK, Canada, Germany and South Korea to invest in UP. Land has also been allotted by the department to 39 projects, which have the potential to provide employment to 36,000 people.
It is worth mentioning here that the UP Government had received investment proposals worth Rs 4.28 lakh crore at the Investors Summit held in Yogi 1.0 of which projects worth up to Rs 3 lakh crore have already got off the ground. Besides, in GBC-III, projects worth more than Rs 70,000 crore will be launched. As many bas 802 projects worth Rs 1.70 lakh crore are in various stages of implementation whereas commercial production has started in 232 projects worth Rs 57,186 crore. The projects have provided employment to a total of 1.40 lakh people.
UP on way to become producer state from consumer state
With significant increase in the number of investors in almost every sector, the impact of Yogi Government’s initiative to transform Uttar Pradesh into a producer state from a consumer state is visible on the ground today. Production is likely to start soon in 570 projects worth Rs 112,513 crore in UP, including 149 projects worth Rs 47,484 crore and 421 projects worth Rs 65,029 crore. Th projects are expected to offer employment to 12.30 lakh people.
Negligence won’t be tolerated in projects involving investors: CM
CM Yogi has recently directed officials to ensure hassle-free investment environment in the state as well as timely allotment of land and NOC to investors. He has warned against any negligence in this and instructed Infrastructure and Industrial Development Department to conduct regular reviews of work being done in this regard.