Chief Minister Yogi Adityanath said Saturday that the state has identified 25 sectors, framed policies in line with ease of doing business, and worked on a plan to bring investment to each of its 75 districts, not just Lucknow and the National Capital Region areas, while emphasising that “every investor does homework” before moving in.
As his administration prepares to hold the Uttar Pradesh Global Investors Summit in Lucknow from February 10 to 12, Chief Minister Adityanath told The Sunday Express, “Six years ago, no one wanted to come to UP” (for investment). I am pleased that every major investor and businessman wants to invest in the same UP right now…”.
He stated that his government has set a target of attracting investment equal to or greater than the state GDP. He claims that investment would no longer be limited to Lucknow and the NCR, and that every district will profit.
“The last time (the last Global Investors Summit), we set an investment objective equivalent to the state’s yearly budget. This time, we’ve set a target of attracting more investment than the state’s GDP. We are certain that we will meet this objective.””This would be the first time that investment will not be limited to Lucknow and NCR, but will be made in all 75 districts of the state,” he added, adding that this would include districts in the Bundelkhand and Poorvanchal areas.
According to the Chief Minister, when the investor summit was held in February 2018, MoUs worth Rs 4.68 lakh crore were inked. Despite the Covid-19 pandemic setback, work on the ground had begun with an investment of roughly Rs 4 lakh crore.
He said that in the previous five years, the popular impression of UP has shifted, and that the “positive notion of development” will play a significant part in establishing the state as an economic powerhouse.
“We have focused on peace and order, infrastructure development, presenting a model of good government, and implementing reforms,” he said, adding that the emphasis was on generating jobs for youngsters and portraying UP as an ideal investment destination as well as a development model.