Chief Minister Akhilesh Yadav said that pro-industry policies of Samajwadi Party Government has influenced foreign investors and they have decided to make investments in Uttar Pradesh which in turn will open job market for the educated youth of the state.
He was speaking at a function where international electronic giant Samsung signed an MoU of Rs 1970 crore for the expansion of its existing factory in Noida. The MoU was signed by UP chief secretary Rahul Bhatnagar and Samsung MD and CEO H C Hong in presence of chief minister.
“Uttar Pradesh is a big consumer market having buyers in both rural and urban areas. Everyone has mobile now. The youth is carrying even two smart phones. The Samsung which has plans to expand its factory will get new buyers at the its door step,” Yadav said in that function held here on Monday.
He said almost 20 years back Samsung had set up its factory in Noida. In that period it has given job to many youth. With expansion of this factory the job opportunity will grow further. Our educated youth will not get employment in UP.
“With this expansion now the mobile manufacturing plant would double its production from 6 crore phones annually to 12 crore while the production of refrigerator would also start in this plant.” He said.
“This is a good beginning. Now Patanjali of Baba Ramdev has also plans to make a big investment in Jhansi. All consumer items from fridge to ACs and from edibles to garments all will be manufactured in UP,” Chief Minister said.
He said that very soon UP will be known as a manufacturing hub of the country and it will be the most desired destination for the investors. “These investments give a big boost to the job sector in the state and the youths. While expansion of Samsung will give additional jobs to around 30,000 youths direct and indirect, the Patanjali would provide 58,000 jobs to the people,” he said.
“We have also proposed to distribute smart phones to people like we did laptops after coming to power in 2012. This will enable people to have technology in their own hands,” he added.
Samsung India CEO and MD H C Hong said that he was impressed with Chief Minister and the state will go far under his leadership. “Noida was our first plant in India and now it has two R&D centre too to boost the Make in India and Make in UP brand,” he said adding: “We have 2.5 lakh retail outlets in the country with 40,000 employees working in our plants and Samsung has become the India’s biggest consumer durable brand.
Earlier the state cabinet had approved the Samsung expansion project to the tune of Rs 1970 crores in Noida.