PM Narendra Modi Opens Uttar Pradesh Investors' Summit

Posted February 22, 2018

Union minister Smriti Irani today lauded the Yogi Adityanath government in Uttar Pradesh over the law-and-order situation and said it had earned worldwide praise because of the improved scenario in the state.

The state government received many investment announcements by the business leaders in day one of the investors' summit also expecting the same response in day two as well from the investors for the further growth and development of the state in multiple sectors.

"Nearly 17 per cent of the total population of the country lives in Uttar Pradesh.the development story of the country can not be written without the state", Adani said.

"The investors' summit is an opportunity to showcase Uttar Pradesh's potential. I am sure the new tourism policy announced by the UP government would facilitate investment". "Besides, this kind of healthy race will strengthen the spirit of competitive and cooperative federalism", Modi said.

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"Potential, Policy, Planning and Performance leads to progress", the Prime Minister said at the event as he launched "Nivesh Mitra" application, here, on Wednesday. For facilitating exporters, Irani suggested that the Uttar Pradesh government set up an "international warehousing centre" and said, "Handicrafts should also be associated with e-commerce, so that national and global buyers can purchase them".

Gautam Adani, chairman, Adani Group, said farm produce capacity of 6 lakh tonnes will be built in the state. Extend welcome to the Prime Minister.

Government's One District-One Product policy has proven to be a game changer and will result in holistic development.

Modi also announced that out of the two defence industrial corridors proposed in the Union budget one will be set up in Uttar Pradesh, covering parts of the backward Bundelkhand region.

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"Tourism is a multiplier for growth".

The government earlier this month announced the first corridor between Chennai and Bengaluru which would also pass through Coimbatore and several other industrial clusters. UP is fortunate to have a CM like Yogi Adityanath.

He also promised to invest over Rs 10,000 crore in the state through Jio in the next three years, saying contribution to UP's development is his "patriotic duty".

Anand Mahindra, chairman of Mahindra Group, said that UP's size, long rail network and human resource makes it a country in itself and should be competing not with other states, but with other nations. He pledged to invest Rs 25,000 crore in multiple businesses across the state. "The development story of the country can not be written without the state", he added.

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