Rs 40 lakh crore in investment proposals reflects growing interest in UP: Yogi

Shahzad Akhtar

LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said that the increasing interest of investors from around the world in the state is evident with investment proposals worth Rs 40 lakh crore that were received during last year’s Global Investors Summit.

Addressing an event here in Lucknow, Yogi Aditynath said, these proposals not only highlight the state’s progress but also reveal the journey of its transformative development journey.
He stated that in the past seven years, Uttar Pradesh has seen major changes that have improved its reputation both in India and around the world. As a result, investors from across the globe are now drawn to invest in the state. Investment proposals Rs 40 lakh crore received during last year’s Global Investors Summit bear testimony to the growing interest of investors from across the globe in the state.
He added that the state had been known for riots, criminal gangs, political corruption, and governance issues, leading to young people facing a jobs crisis, lack of respect, and insecurity. Residents used to be constantly worried about violence which often dampened festivals and celebrations.
“Today, however, the state is free from riots and lawlessness. Previously, investors hesitated to invest in UP and those who did often sought ways to leave. Now the state has created a safe and stable environment that attracts businesses and provides new opportunities for its youth,” Adityanath said.
He also emphasized that the recent Global Investor Summit showcased the state’s economic potential to the nation and Rs 12 lakh crore worth groundbreaking projects have already taken place from the committed proposals. Apart from this, at present, investment proposals of Rs 10 lakh crore are ready.
Highlighting these investments, he said that they not only concern economic growth but also represent vast job opportunities for the state’s youth.
Aligning with PM Narendra Modi’s vision,Currently, one of India’s leading state economies, Uttar Pradesh, aims to achieve a $1 trillion economy by 2029.
He said that once the state that faced an identity crisis, is now attracting investors and tourists because of its secure environment. Uttar Pradesh is now gathering attention from people from across the globe, who look forward to being part of its growth. “
This transformation required significant policy changes by the state government to bring in new opportunities and foster a climate of safety and development,” he added.
Adityanath stated that Uttar Pradesh now has 28 specific investment policies that are designed to attract investors across various sectors.