GG News Bureau
Lucknow, 10th Feb. Prime Minister Narendra Modi said today, highlighting the country’s development strides and investment-friendly environment, and pointing out that Uttar Pradesh is leading the country’s growth, that India is reforming not out of compulsion, but out of conviction.
If India is the bright spot in the world, Uttar Pradesh is leading the country’s growth, Prime Minister Narendra Modi said after launching the Uttar Pradesh Global Investors Summit 2023 in Lucknow.
In his address to the audience, the Prime Minister said, “Uttar Pradesh’s growth has been noteworthy. People used to say that it was hard to develop UP and the law and order situation could not be improved. UP was known for scams and no one had any hopes for UP. But, within just five to six years, UP has established a new identity for itself. Today Uttar Pradesh is known for good governance, peace, law and order, and stability.”
According to the Prime Minister, there is a significant shift in the thinking and aspirations of Indian society and youth today. The country’s aspirations push the governments, and these aspirations push the development work.
“Today every credible voice in the world believes that India’s economy will continue to grow rapidly. The biggest reason behind this is the increasing self-confidence of Indians,” he said.
According to the Prime Minister, UP has reaped significant benefits from India’s social, digital, and infrastructure investments. He claimed that the Centre has repealed dozens of antiquated laws, and that India is now truly on the path of speed and scale.
“Today, India is reforming, not out of compulsion, but out of conviction. More than 40,000 compliances have been removed and many laws have been abolished,” PM Modi said.
In this year’s budget, PM said ₹ 35,000 crore has been provisioned for the energy transition. He said it reflects India’s commitment towards green energy. Mission Green Hydrogen gives strength to this very commitment, he said.
According to the Prime Minister, UP accounts for more than 60% of total mobile production in India. UP is home to one of the country’s two defense corridors. There are also numerous opportunities in fisheries, dairy, and food processing.
PM Modi announced several new initiatives in the dairy, fisheries, agriculture, food processing, and natural farming sectors in UP. Today, India is focusing on crop diversification and lowering farmer input costs. As a result, the government is making significant efforts to promote natural farming.
“We are making record expenditures on infrastructure, and we are increasing them every year. Therefore, you have new opportunities in the infrastructure sector. I especially invite you on the path of green growth on which India has embarked,” PM Modi told the industrialists present at the occasion.
The Government of Uttar Pradesh’s flagship investment summit is the UP Global Investors Summit 2023. The mega event will bring together policymakers, industry leaders, academia, think tanks, and leaders from around the world to explore business opportunities and form partnerships.
Investor UP 2.0 is a comprehensive, investor-centric and service-oriented investment ecosystem in Uttar Pradesh that endeavors to deliver relevant, well-defined, standardized services to investors, said an official statement.
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