UP Investors Summit: Prime Minister Narendra Modi aims to make India a 5 trillion economy by 2025-26 and if this target is to be achieved, then Uttar Pradesh will have to become a 1 trillion dollar economy. However, Uttar Pradesh is still very far from the target. That is why industrialists are being called to explore investment opportunities in Uttar Pradesh. One such conference was held in Uttar Pradesh yesterday, in which talk of investment of 80 thousand crore rupees has been made in the state. A total of 3 such summits have been held in Uttar Pradesh so far. They have been named as Ground Breaking Ceremony. Prime Minister Narendra Modi was present in Lucknow as the chief guest in this program organized on Friday.
To make Uttar Pradesh a one trillion dollar economy, the third ground breaking ceremony was held in Lucknow under the chairmanship of PM Narendra Modi. Yesterday, the foundation stone of 80 thousand crore investment in the state was laid by industrialists from all over the country. Apart from improving the economy of the state, this investment will also create jobs and employment opportunities for 5 lakh youth. Prime Minister Narendra Modi was the chief guest in this program. All the ministers of his cabinet including Chief Minister Yogi Adityanath and many big industrialists took part in this program.
Why UP is the first choice in investment?
In the ranking of the economy of the states, UP is at number three. Second in Ease of Doing Business. UP has 56 percent working population and the share of UP in the country’s GDP is 8 percent. UP is the biggest market of India, because 24 crore population lives here. The state is the second largest in the road network and has the maximum number of 8 expressways. There are 3 international airports and in rail network also UP is number one in the country. Describe the specialty of UP Prime Minister Narendra Modi did too.
Prime Minister Narendra Modi Said that the state in which 16 percent of the total population are consumers, where there are more than 12 cities with a population of more than 5 lakh, where each district has its own particular product, where there are such a large number of MSMEs, in different seasons. If there is an outflow of different agricultural products, where many rivers including Ganga, Yamuna Saryu are blessed, then who can stop such UP from development.
1 trillion dollars i.e. 77 lakh 62 thousand crore rupees, whereas at present the economy of UP is only 20 lakh crore rupees. That is, 4 times less than 1 trillion dollars. The goal is big and difficult, but not impossible. How did the economy of UP become 1 trillion dollars, that is why there was a gathering of investors in UP today. In the third ground breaking ceremony, it was revealed that an investment of Rs 80,000 crore will be made through more than 1400 projects.
In which sector will the big industrial houses invest?
Adani Group will invest Rs 5,122 crore in the data center sector.
Hiranandani Group will also invest Rs 9,100 crore in the data center.
Microsoft will invest Rs 2186 crore in Software Center.
Dalmia Group will invest Rs 600 crore in cement manufacturing factory.
Coca-Cola will set up a bottling factory at a cost of Rs 700 crore.
Whereas ACC will set up grinding plant at a cost of about Rs 600 crore.
Chief Minister Yogi Adityanath addressed the program
Chief Minister Yogi Adityanath said in his address that in the first investor summit in February 2018, investment proposals worth Rs. In this program, projects worth 80 thousand crores are being launched on the ground. Today Uttar Pradesh ranks second in Ease of Doing Business. The state promoted its traditional industry. We did the work of making it investment friendly by implementing industrial policy. We finished more than 1400 compliances of 40 departments, implemented land availability within 15 days within applying to investor today.
what gautam adani said
Gautam Adani, the head of the Adani Group, who has achieved the status of India’s richest person, is also making a big contribution to the progress of UP. He will invest 70 thousand crore rupees in Uttar Pradesh. Gautam Adani said that we are investing 70 thousand crore rupees in the state. We estimate that more than 30 thousand jobs will be created with this investment. Out of this investment, Rs 11,000 crore has already been spent in transmission, green energy, water, agricultural equipment and our data center business. We are investing 24 thousand crore rupees on road and transport infrastructure and 35 thousand crore rupees in various logistics and defence. Speaking at the ceremony, Adani Group chief Gautam Adani said that the Prime Minister is building a new India and trying to restore the lost glory of the nation. He is building a nation that is central on the global stage. He is the architect who designed the aspirations of 135 crore people. During this ceremony, Gautam Adani said under the Investors Summit that the Honorable Chief Minister is making the foundation stone on which the 1 trillion economy of UP will be built.
What Dalmia Cement CEO, Mahendra Singhi said
Mahendra Singhi, CEO, Dalmia Cement says that the investment situation in Uttar Pradesh has improved a lot. A factory of Dalmia Cement is also being worshiped today. We are investing 500 crores. Also, we will start two more projects worth one thousand crores.
What Niranjan Hiranandani, Chairman, Hiranandani Group, said
Chairman of Hiranandani Group, Niranjan Hiranandani said that for the next 5 years in UP, we will invest one thousand crore rupees every year only in the data center, there is such a plan. I can confidently say that the government of UP fulfills what it promises. Niranjan Hiranandani of Hiranandani Group said that Uttar Pradesh is progressing at the speed of bullet train. “I’ve been in the construction business for almost 40 years, but I’ve never seen this pace of business before,” he said. Along with this, he also appreciated the state government for the cooperation and assistance being given to the businessmen.
What Kumar Mangalam Birla of Birla Group said
After independence, the Birla Group made the first investment in UP, which was done in Renukoot of Chitrakoot. Here the Hindalco aluminum factory was set up by the Birla Group. This first investment of his company was mentioned today by Kumar Mangalam Birla, who is going to make a big investment in the coming 3 years in UP. Kumar Mangalam Birla said that
Our cement business will invest Rs 5000 crore in Shahjahanpur and will also invest near Lucknow. Many of our businesses like aluminum and financial services will make huge investments in the coming 3 years. On this occasion, I want to assure Yogi Adityanath ji and his administration that we will continue to be a major participant in the development journey of UP. Kumar Mangalam Birla said his group is investing Rs 40,000 crore in projects that will generate employment for 35,000 youth. He said that UP has emerged as a preferred investment destination, which has been helped by the single window system.
What is the status of employment by investment in UP
- 1.61 crore employment through ODOP scheme
- 60 lakh added to government schemes
- Government jobs given to 5 lakh people
- Unemployment rate reduced from 18 percent to 2.9 percent
- It is claimed that this investment will give employment to 5 lakh people in UP.
ABP News spoke to UP Industrial Development Minister Nand Gopal Gupta
UP Industrial Development Minister Nand Gopal Gupta Nandi told ABP News that UP is the best state for investment. With having a huge market of 25 crore people here, the state has reached number 2 in the Ease of Doing Business ranking. UP has the most expressways, most airports and all such facilities, so that the investor can invest without fear. Counting better law and order as a big reason to invest, he said that the government is expecting an investment of 80 thousand crore rupees from this event.
What investors said to ABP News
When ABP News asked investors that what was it that investors were afraid of coming to UP and what is it that today a large number of investors are considering UP as the best state for investment, then almost everyone had an answer on this question. Everyone said that better law and order has put an end to the fear of industrialists. Industrialists say that earlier they were afraid to invest money whether they would be able to do business or not, but when the government reformed the law and order, they saw for a long time whether this control is permanent or temporary and when they realized the permanent control, then UP came to invest in Apart from better law and order, single window system and shorter and easier process encouraged them to invest. Everyone appreciated the way of thinking and working of Prime Minister Narendra Modi and CM Yogi Adityanath.
What investors and big industrialists said
Lulu Group is a big name in malls and food processing. Yusuf Ali, MD, Lulu Group, told ABP News that Lulu Group’s mall is starting in Lucknow in the first week of July. Lulu Group has invested 5000 crores in UP, which will provide jobs to about 10 thousand people. Vivek Ladhani and SN Ladhani of SNLG Group said that they had earlier left UP and moved to Bengaluru but returned to UP after seeing favorable investment opportunities in the last 3 years. PN Arora, MD of Yashoda Hospital Group, is investing 12 hundred crores in the state. He claims that about 5000 people will get jobs from this. Shree Cement MD HM Bangar is investing 1200 crores, of which 600 crores will be in Bulandshahr and 600 crores in Etah. They claim that directly 500 people and indirectly one and a half thousand people will get work. Similarly, Sunil of Jolly Group is investing 160 crores in Jolly Hotel and Warehouse.
Know about three ground breaking ceremonies of UP – will flourish with investment
The first ground breaking ceremony was held in July 2018 and an investment of Rs 61 thousand 800 crore came in it. The second ground breaking ceremony was held in July 2019 and there was talk of an investment of about Rs 67 thousand crore in it. At the same time, the third ground breaking ceremony has taken place yesterday, in which there has been talk of investment of 80 thousand crores. It is claimed that this investment will provide employment to 5 lakh people in UP.
The Uttar Pradesh government says that there is already Yamuna Expressway, Purvanchal Expressway and Lucknow Agra Expressway in UP. Bundelkhand Expressway is almost ready. Apart from this, work is going on on many expressways. Presently 9 airports are running while work is going on on 5. Apart from this, 7 more airports are also proposed. The law and order situation in the state is good and at the same time there is a huge market with a population of 25 crores, which is wooing the investors. In the field of exports also, UP has performed better in the last 5 years. In such a situation, if the investor invests in UP, then he will also benefit and that of UP too. For this reason, the state government has high hopes from the third ground breaking ceremony.
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