The third groundbreaking ceremony of industrial investment projects in the presence of Prime Minister Narendra Modi is set to add a new chapter of transformation of Uttar Pradesh on JFriday.
"In less than five years, it is the third such event when top industrialists of the country are converging on Lucknow with the shared vision of making UP the hotspot of manufacturing and industrial activity. The ceremony will strengthen the economy of the state and will also help in increasing per capita income," Chief Minister Yogi Adityanath said.
The ceremony will be attended by nearly 50 industry bigwigs. The target of investment has been increased from Rs 75,000 to Rs 80,000 crore which will provide employment to more than five lakh youths.
During the function, Prime Minister Narendra Modi will lay the foundation stones of 1,406 projects worth more than Rs 80,000 crore. The projects encompass diverse sectors like agriculture and allied industries, information technology (IT) and electronics, micro, small and medium enterprises (MSMEs), manufacturing, renewable energy, pharma, tourism, defence and aerospace, and handloom and textiles.
The prime minister will perform ‘bhumi pujan’ of about 1,400 projects in the third groundbreaking ceremony (GBC-3) and also visit special stalls of One District One Project (ODOP) scheme during the event. He will also get clicked with all 50 participating industrialists.
Industry tycoons present on the occasion will also share their views and vision and also talk about future plans. They include: Gautam Adani, Kumar Mangalam Birla, Niranjan Hiranandani and Matthieu Eyries, who will share the dais with Prime Minister Narendra Modi.
Kumar Mangalam Birla is the chairman of Aditya Birla Group, Gautam Adani is the chairman and managing director of Adani group; Niranjan Hiranandani leads the Hiranandani group, Matthieu Eyries is the vice-president of Air Liquide.
Among the other top industry leaders to attend the ceremony are Sanjeev Puri, chairman and managing director of ITC Ltd; Sajjan Jindal, chairman and managing director of Jindal Group; and Yusuf Ali, managing director of Lulu Group, and many more.
"Rapid strengthening of infrastructure, vastly expanded road and air connectivity, a secure environment and ease of doing business have paved the way for the unprecedented industrial activity in UP. Sectors like IT and electronics, health care, energy, food processing, education and MSME, among others, have attracted huge investments in the last five years," Yogi said.
The UP government had organised the Investors' Summit on February 21 -22, 2018, while the first groundbreaking ceremony was held on July 29, 2018. The second groundbreaking ceremony was held a year later on July 28, 2019.
During the first groundbreaking ceremony, foundation stones of 81 projects worth more than Rs 61,500 crore were laid, while, in the second GBC, foundation stones of 290 projects with investments of more than Rs 67,000 crore were laid.
The GBC-3 will see a maximum 805 projects in the MSME sector taking shape followed by 275 of agriculture and allied industries and 65 of pharmaceuticals and medical supplies.
There will be an exhibition with 110 stalls, of which 60 will be dedicated to the ODOP scheme. There will be stalls on rocket technology and Brahmos Missile, highlighting the upcoming Defence Manufacturing Corridor in the state (one of the two commissioned in the country so far). Several companies like Adani Group will also be putting up stalls.