Modi inaugurates Uttar Pradesh Investors Summit, top business leaders pledge investments

President Ram Nath Kovind and Prime Minister Narendra Modi

Lauding the efforts of Uttar Pradesh Chief Minister Yogi Adityanath for controlling law and order, Union Home Minister Rajnath Singh said that there was appreciable improvement in controlling crime in the state.

Addressing the gathering Prime Minister said that Uttar Pradesh had entered into a new phase of positive growth under Adityanath Yogi government. "Previously, law-and-order was a matter of concern, but strong and major initiatives have improved the situation", he said, adding that the power scenario and work culture in the state were also conducive for investments.

"Potential, Policy, Planning and Performance leads to progress", the Prime Minister said at the event as he launched "Nivesh Mitra" application, here, on Wednesday.

"Can there be a competition between Uttar Pradesh and Maharashtra to achieve the target of trillion dollar economy, first?", he asked.

"There is no dearth of resources and opportunities in UP", the prime minister said.

Modi announced that out of the two proposed defence industrial corridors announced in the Union budget, one will be set up in the Bundelkhand region covering Agra, Aligarh, Lucknow, Kanpur, Jhansi and Chitrakoot. He also made the announcement to open an IT centre in Varanasi.

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Uttar Pradesh government has formulated industrial policy to attract investment after reviewing policies of various states.

"Tourism is a multiplier for growth".

Reliance Industries Ltd chief Mukesh Ambani said the Prime Minister's dream was to make UP "Sarvottam Pradesh". UP is fortunate to have a CM like Yogi Adityanath. Other top industrialists like Gautam Adani, Anand Mahindra, Subhash Chandra, N. Chandrasekaran, Kumar Mangalam Birla and Shobana Kamineni will also speak during different sessions.

Adani Group today said it will invest Rs 35,000 crore in Uttar Pradesh over the next five years in various sectors.

"Jio has invested Rs 20,000 crore already in the state, and plans to invest another Rs 10,000 crore over the next three years". Lying along the fertile plains of Ganges with highest irrigated land in the country, the state of Uttar Pradesh has very hard working populace.

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