While setting the agenda for the development of Uttar Pradesh, Chief Minister Yogi Adityanath has once again started preparing to take a big leap to promote industrial investment by organising a grand groundbreaking ceremony in Lucknow in the next 100 days with a target to attract investments of Rs 10 lakh crore.
“Captains of all the major industrial houses will be present in this groundbreaking ceremony,” a government spokesman said here on Wednesday.
He said the chief minister had asked the departments concerned to make preparations for this ceremony and had given 100 days’ time for holding the event.
It is worth mentioning that providing maximum employment opportunities through industrial investment in Uttar Pradesh has been the top priority of Chief Minister Yogi Adityanath. Taking cognisance of this, three days after taking oath, Chief Minister Yogi Adityanath held a meeting with all the principal secretaries and secretaries of the state government and discussed the promotion of industrial investment in UP.
The chief minister had organised an Investors' Summit in Lucknow on February 21 and 22, 2018 along with formulating an industry-friendly industrial policy. The first Investors’ Summit was attended by eminent industrialists of the country and 1,065 memorandums of undertaking (MoUs) worth Rs 4.65 lakh crore were signed during the event in the presence of Prime Minister Narendra Modi.
In July 2018, the first groundbreaking ceremony was held in which projects worth Rs 60,000 crore were started.
During this summit, the government had prepared a complete roadmap to promote industrial investment in UP. Then the Yogi government had also promoted the One District One Product scheme to promote the traditional industries of every district.
The picture of industrial investment in UP has changed in the last five years due to the Investors’ Summit and subsequent groundbreaking ceremony on the initiative of Chief Minister Yogi Adityanath. It is being said that both these events proved to be expressways to bring industrial investment in the state.
According to the officials of the Industrial Development department, 1,045 investment proposals worth Rs 4.65 lakh crore were submitted to the government by big investors from abroad during the Investors’ Summit out of which 215 investors had established their enterprises by investing Rs 51,240.25 crore while 130 investors were setting up their ventures by investing Rs 37,478.63 crore and 449 investors were taking action to set up their venture by investing Rs 86,842.89 crore.
“Now, preparations are being made to organise a grand groundbreaking ceremony in the state as industrial investment is necessary to increase the state's gross domestic product (SGDP) and employment opportunities,” the spokesman said.
The spokesman said that even during the novel coronavirus crisis, 96 investors took the initiative to invest Rs 66,000 crore in UP. Not only this, the investment of Rs 50,000 crore has been made in the defence manufacturing corridor of UP with a projection of five lakh employment opportunities.
Now due to the defence manufacturing corridor, BrahMos missile will be made in Lucknow and more than Rs 1,245 crore is being invested in Aligarh node of the corridor.
