Uttar Pradesh attracts investments worth Rs 4.3 lakh cr

PTI | | Updated on: Dec 06, 2021

Uttar Pradesh Chief Minister Yogi Adityanath | Photo Credit: Rajeev Bhatt

1,045 pacts signed on first day of investors’ summit

Uttar Pradesh has signed 1,045 pacts worth Rs 4.28 lakh crore on the first day of the UP investors’ summit, Chief Minister Yogi Adityanath has said.

“It is a matter of pride for the State that fortune-500 companies are participating in this summit. I want to tell you all that till now we have signed 1,045 MoUs worth Rs 4.28 lakh crore. I have recently presented a budget of Rs 4.28 lakh crore and the figure of MoUs signed is the same... We are heading towards new UP,” Adityanath said while addressing the summit here today.

He said he would himself oversee that the MoUs are executed, and those who are coming to invest in the State get all the facilities.

“I welcome all the guests including industrialists. With PM’s guidance and blessings, UP is heading towards development and shedding its Bimaru tag. We are trying to become developed. PM’s guidance helps us in good governance and taking the state on path of development,” he said.

“The summit is an attempt to establish UP among the developed states and its focus areas include food processing, dairy, handloom and textiles, MSME, IT, start-ups, electronic manufacturing, films, tourism and civil aviation,” the Chief Minister added.

Stressing that the State was providing basic needs for investment like law and order, infrastructure, power and roads, he said he would ensure a transparent and answerable administrative set-up.

“We have established a rule of law in the State in the past 11 months and taken initiatives to maintain peace,” he said, adding that the state investment promotion board has also been set up to facilitate industrialists willing to invest.

“For ease of doing business, approvals, permissions, and licences are going to be under one roof. We are going to implement digital clearance which will be monitored by the CM office,” he said.

“We are making Purvanchal and Bundelkhand expressway that will be connected to industrial corridors and emphasised on regional connectivity to connect different districts and connecting tourism points,” he said.

Published on February 21, 2018
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