Yogi tasks officials with trillion-dollar economy plan
Presiding over a high-level meeting, Chief Minister Yogi Adityanath has underlined that UP has emerged as a preferred investment destination in the country. In fact, the UP government is targeting to net Rs 10trn in fresh investment by 2027.
With the Yogi Adityanath government 2.0 in Uttar Pradesh (UP) nearing its first 100 days in office, the Chief Minister (CM) has tasked top officials with preparing the action plan to make the state India’s first trillion-dollar economy.
Presiding over a high-level meeting, Yogi has underlined that UP has emerged as a preferred investment destination in the country. In fact, the UP government is targeting to net Rs 10trn in fresh investment by 2027.
“The government is dexterously working towards making the state a trillion-dollar economy,” he said while directing officials to draft short- and long-term action plans to achieve the ambitious goal.
The CM said while the state had increased the budget size to fund development and public welfare schemes, the government was catalyzing industrial development and employment generation for the youth.
Meanwhile, he also reviewed the progress of projects totalling more than Rs 80,000cr, which were launched during the third ground-breaking ceremony at the hands of Prime Minister Narendra Modi in Lucknow on June 3.
He ordered the concerned departments to keep the communication channel open with the industrialists and investors to ensure that the projects met their timelines.
“The remarkable work done in different sectors during the past five years will surely pay dividends to the state in attracting new investors and investment,” Yogi noted.
A total of 1,406 projects were launched on June 3 with 500,000 and 2 million direct and indirect employment potential respectively.
Nearly 25 per cent of the projects pertained to the data centres, followed by agriculture and allied activities 14 per cent, IT & electronics 10 per cent, infrastructure 8 per cent, manufacturing 8 per cent, handloom and textile 7 per cent, renewable energy 6 per cent, MSME sector 6 per cent, etc.
In his inaugural address, Modi had termed UP as the future driving force of India, saying the state had the potential to give momentum to the nation’s growth story in the 21st century.
“Uttar Pradesh will become a big driving force. It is blessed with diligent youth and comprises more than 16 per cent of India’s consumer base. It has a large MSME sector and the presence of different climatic zones to cater to an array of agri products … no one can stop its speedy development,” the PM added.
A galaxy of top industrialists, including Gautam Adani, Kumar Mangalam Birla and Niranjan Hiranandani, were present, apart from Adityanath and defence minister Rajnath Singh, who is also the Lucknow Member of Parliament (MP).