Global Investors Summit-2023 in Lucknow
Prabhat Ranjan Deen
LUCKNOW, Feb 10: If India is considered a ‘bright spot’ in the globe, Uttar Pradesh is playing a leadership role in driving India’s growth, said Prime Minister Narendra Modi today.
Addressing the eminent entrepreneurs-investors of the country and the world at the inaugural session of Global Investors Summit 2023 (UP GIS-2023) in Lucknow, the Prime Minister described the state as the hope of the country and said, “Uttar Pradesh has created a new identity for itself in the last five-six years. There has been improvement in every field from electricity to connectivity”.
The PM said that UP, despite its rich culture and history had become a BEEMARU (sick) State in the past. The law and order situation seemed irreparable and development was impossible in the State while scams of thousands of crores of rupees had become a routine affair and people had given up on hope for the State. But, today UP is known for good governance, better law and order, peace and stability. The State boasts of modern infrastructure and very soon it will be known as the first State to have five international airports in the country. He pointed out that UP is getting connected to the sea and to the ports of Gujarat and Maharashtra through a dedicated freight corridor. He said that new opportunities are being created for wealth creators in the state every day.
The Prime Minister remarked that India has exhibited great resilience in the post Covid times and has become the fastest growing economy of the world with experts around the world being convinced of the fact that the country’s economy will continue to grow at such a fast pace. He attributed it to the growing aspirations and confidence of the people which was pushing the Governments to perform.
“Today every citizen of India wants to see more and more development, wants to see India develop. The state in which you are sitting today has a population of 25 crores, which is higher than the population of many countries. Today, work is being done on social, physical and digital infrastructure in India and UP has got maximum benefit from it’, Modi said.
The PM said that with government procedures getting easier, India is on the path of speed and scale, fulfilling the basic needs of a very large section. India does not reform ‘out of compulsion’ but ‘out of conviction’, he said, pointing out that this is the reason why India has abolished more than 40,000 compliances and abrogated dozens of old laws. Inviting investors to invest in Uttar Pradesh, the PM said that the Uttar Pradesh Government and the bureaucracy have embarked on the path of progress with determination. To make your (investors and entrepreneurs) dreams come true, it is standing with you at every step, he added.
Stressing that the prosperity of the world lies in the prosperity of India and that the bright future of India is the guarantee of the bright future of the world, Modi said that India has come out of the shocks of war and pandemic and has become the fastest growing economy of the world and will continue to grow at the same pace.
Commending the work of Defence Minister Rajnath Singh, the Prime Minister said that work is going on at a fast pace on the two defence corridors of the country, one of which is located in UP. Today the demand for Made in India Defence Equipment is increasing continuously. We are also committed to providing maximum Made in India defence systems and platforms to the Indian Army. This great work is being led by our Karmaveer Rajnath Singh ji from the land of Lucknow. At a time when India is developing a vibrant defence industry, you must take the first mover advantage,” he said.
The PM said that the role of UP in the startup revaluation of the country is continuously increasing with the UP Government having set a target of setting up 100 incubators and 33 state-of-the-art centers in the coming years. ‘That is, the investors coming here are also going to get a huge pool of skilled and qualified youth’, he remarked.
The Prime Minister told the investors about the opportunities available in the infrastructure sector with record allocation for it in the budget, which continues to increase every year, as well as in health and education sectors. He said that India has embarked on green growth and has made budgetary provision of Rs 35,000 crore for energy transition in this year’s budget, which along with Mission Green Hydrogen shows the intention of India. The PM said that several steps have been taken in this budget to develop the entire ecosystem related to green growth.
Rs 32.92 lakh cr investment
proposals: Yogi
Uttar Pradesh Chief Minister Yogi Adityanath today said that the State has attracted investment proposals worth Rs 32.92 lakh crores through the roadshows for the Global Investors Summit 2023 and is ready to play the role of the growth engine of the country in line with the Prime Minister’s vision and by imbibing his mantra of ‘Reform, Perform Transform’.
Speaking at the inaugural ceremony of the summit, the UP CM described it as the ‘Mahakumbha of investment’ and said that the investments, which will take place through 18645 MoUs signed between the Government and the companies in diverse sectors such as renewable energy, real estate, education, tourism, electronic vehicle manufacturing, housing, food processing etc, will create 92.50 lakh job opportunities in the State.
Inviting investors to take part in the development of Uttar Pradesh, Yogi said that the State Government, under the guidance of PM Modi, has made the environment of the State favorable for industrial development by ensuring better law and order and bringing 25 sectoral policies providing ease of business for the investors.
Yogi further pointed out that the Nivesh Sarathi portal, the online system for signing Memorandum of Understandings (MoUs) and monitoring their implementation for the convenience of investors, as well as Nivesh Sarathi, the online incentive and customer relationship management portal (Nivesh Sarathi), are proving to be immensely useful in facilitating investments. According to him, 406 services of 33 departments are available on the online single window portal ‘Nivesh Mitra’. Udyami Mitra is being deployed to assist the investors.
Yogi also informed the gathering about the preparations that went into organising roadshows in 21 cities of 16 countries and nine cities in different states of the country for the GIS by teams led by a group of ministers from Uttar Pradesh on the occasion. “We got the cooperation of Indian missions, ambassadors, high commissioners, as well as business and industrial organisations posted abroad during the roadshows. With the positive cooperation of all these, we hope to achieve the target of $1 trillion economy of Uttar Pradesh also to take the vision of the Prime Minister forward. All the 75 districts of the state are connected with this investment Mahakumbh,” Yogi said. He added that the investment programmes are also being held in every district.
Introducing the state’s industrial policy and sectoral policy, he said that Uttar Pradesh, known as the food basket of India, ranks first in the production of many commodities including food grains, milk and sugarcane among others. Through policy driven governance, the State Government has formulated around 25 policies to attract investment in various sectors including IT/ITES, Data Centre, ESDM, Defence & Aerospace, Electric Vehicle, Warehousing & Logistics, Tourism, Textile, MSME, etc. Since then, several reformative steps have been taken towards creating a holistic ecosystem for industrial development, Yogi said.
Adani not called on dais
Eminent industrialist Gautam Adani also participated in the UP Investors Summit-2023. But his name was not included in the list of industrialists who spoke on the dais. Adani was one of the main speakers in the last summit, but not this time. He was refrained from being called on the stage in view of the kind of allegations Congress leader Rahul Gandhi made on the PM. But the senior analysts said this was a wrong decision. They said that Adani, who was invited to attend the Investors Summit, should have been invited on stage to speak also.
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