Investment: UP govt has turned impossibility into reality, says CM

| | Lucknow
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Investment: UP govt has turned impossibility into reality, says CM

Saturday, 31 August 2024 | PNS | Lucknow

Taking a swipe at the opposition, Chief Minister Yogi Adityanath, on Friday, said that those who once considered investing in Uttar Pradesh an impossible task should now recognise how his government has turned that impossibility into reality.

The chief minister distributed incentives worth Rs 1,333 crore to 32 industrial units and Letters of Comfort to 10 industrial units for investment of over Rs 4,500 crore, in a programme organised at Lok Bhavan.

“Before 2017, UP was plagued by chaos, anarchy and crime due to the narrow-minded approach of the previous government, which lacked vision. But today, the state enjoys the rule of law and has created a favourable environment for investment, making Uttar Pradesh India’s dream destination for investors,” the chief minister said.

He highlighted the success of the Global Investors Summit held in February 2023, where the state received investment proposals exceeding Rs 40 lakh crore. “Of this, proposals worth over Rs 10 lakh crore have already been realised through the groundbreaking ceremony,” he added.

The chief minister criticised the previous administration for its handling of law and order, stating that the state was plagued by daily riots and extended curfews, leaving residents, including the state capital, unsafe. He noted that under the previous government, the youth faced an identity crisis.

In contrast, Chief Minister Yogi highlighted the significant improvements in Uttar Pradesh under the current administration and the guidance of Prime Minister Narendra Modi. He pointed out that the state has made strides in both ease of doing business and ease of living.

He also detailed the implementation of 27 sectoral policies in Uttar Pradesh, developed with input from stakeholders. He emphasised that these policies were crafted with consideration of valuable suggestions while adhering to governance parameters.

“Our government has no hesitation in implementing the commitments it has made to investors. Under the policy of governance, the double-engine government will break all barriers to provide convenience to investors,” he said.

Chief Minister Yogi said that if industry and institutions joined hands, then an excellent platform for skill development was created. He encouraged entrepreneurs to leverage these connections to access skilled manpower.

He also mentioned that under the PM and CM Incentive Schemes, the government will provide half of the honorarium to youth engaged in skill development.

He said that the government had taken forward the process of setting up the new industrial city of BIDA between Jhansi and Kanpur on 36,000 acres of land. He also mentioned the construction of an international airport in Jewar, with the promise of providing similar facilities in BIDA (Bundelkhand Industrial Development Authority) once the city is established.

Chief Minister Yogi further mentioned that the State Capital Region is being formed by connecting Lucknow and its surrounding six districts. He emphasised that electricity is now available in all 75 districts of Uttar Pradesh without discrimination and industries have been granted open access to energy, including renewable sources.

He also noted significant improvements in the state’s infrastructure over the past seven and a half years, highlighting enhanced expressway, highway, and air connectivity.

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