Thursday, Apr 25 2024 | Time 16:55 Hrs(IST)
image
Business EconomyPosted at: Aug 5 2022 9:54PM


UP will become a 1 trillion dollar economy by 2027 : Yogi

Lucknow, August 5 (UNI) Uttar Pradesh Chief Minister Yogi Adityanath on Friday said that the 'UP Global Investor Summit' is proposed to be organised in January, 2023 and the target is to invite investments worth Rs 10 lakh crore.
He was speaking on the occasion of the UP government signing a Memorandum of Understanding (MoU) with Deloitte India to reach the goal of a 1 trillion dollar economy at his official residence.
He said, "The UP government has entrusted a huge responsibility to Deloitte India for the prosperity of India’s largest populous state. The consultant agency will receive full cooperation from all the state departments. I extend my best wishes to Deloitte India on this historic contract signing."
Yogi said, "UP Global Investor Summit is proposed to be organized in the month of January next year. This is part of our action plan. Our target, this time is to invite investments worth Rs 10 lakh crores. This Global Investor Summit will be helpful in fulfilling the goal of making the state a 1 trillion dollar economy by the year 2027."
He said that Deloitte India must do an in-depth sector-wise analysis and submit a future action plan based on the current situation in the next 90 days. "The action plan will be examined by a high-level committee headed by the Chief Secretary. It will also be reviewed by the Group of Ministers," he said.
Yogi said that UP is a state with infinite possibilities but earlier, efforts were not made in the right direction to push its potential. "The potential and resolve of the state during the pandemic times were appreciated globally. Except for the short period of lockdown, UP never stopped during the Covid-19 period. The industrial units continued to function. Leaving the two years hit by Covid-19, we had only 3 years to work. Despite this, we have succeeded in doubling the economy of the state in these three years. If we can do this then the goal of a 1 trillion dollar economy in 5 years will also be achieved," he said.
He said that connectivity has improved a lot in the state in the last five years. "As many as 5 expressways are being constructed, while 9 airports have started. The first inland waterway is operating from Varanasi to Haldia," he said.
The CM said, "Every district has something special that needs recognition and encouragement. There should be no regional imbalance in development. Every section should get the direct benefit of the progress of the state in every field. In such a situation, it is necessary to prepare a region-based economic strategy. This should be kept in mind while finalising the action plan."
He said that the government has created 10 sectors for the overall development of the state. "The responsibility of each sector has been given to an experienced officer of the level of Additional Chief Secretary. Short-term and long-term action plans have been fixed for each sector. Continuous monitoring is also being done for the successful implementation of the action plan," he said.
Yogi said, "Commendable work is being done on all parameters of development in 8 aspirational districts identified by NITI Aayog including Balrampur, Siddharth Nagar, Sonbhadra, Chandauli, Fatehpur, Chitrakoot, Bahraich and Shravasti. The districts of UP are among the Top 20 list out of a total of 112 aspirational districts in the country."
He said that on the lines of aspirational districts, the state government has commenced special efforts for the socio-economic improvement of aspirational development blocks for which an action plan has also been prepared. "In total 34 districts, the selection of 100 aspirational development blocks has been done. Efforts are being made for the holistic development of these aspirational development blocks on the prescribed 75 parameters of health and nutrition, education, agriculture and water resources, financial inclusion, skill development and infrastructure," he said.
The CM said, "There is adequate availability of human resources in our villages. There is also abundant fertile land available there. We should make the most out of it. The Prime Minister has given the slogan 'Make in India'. UP has assimilated it. While taking this massive campaign forward, we have to expand according to the spirit of 'Make in Rural India'."
He said that sectors like sunrise sector, IT ITES, Data Centre, Tourism Sector, MSME, Agriculture, Education and Skill Development, Food Processing, and Power should be given special attention.
Yogi said that the Prime Minister has given us the mantra of 'Reform, Perform, Transform' for ensuring overall development. "The result of applying this mantra in our action plan is that there has been a vast improvement in the economy of the state in the last five years. UP is recognised as the best destination for investors nationally and internationally. In the third groundbreaking ceremony held recently in June, the foundation stone of new projects worth more than Rs 80,000 crores was laid under the guidance of the PM," he said.
He said that there has been a record increase in exports from the state due to the effective implementation of the innovative 'ODOP' scheme launched for the promotion of traditional craftsmanship of the state. "Exports have increased from Rs 88,000 crores to Rs.1.56 lakh crores in the last five years," he said.
The CM expressed confidence about the fact that the state will benefit immensely from the global experience that Deloitte India has. He further assured all sorts of cooperation and coordination from the end of all the departments and said that with collective efforts the state will soon meet its goal of becoming a 1 trillion dollar economy.
An official spokesman said that in order to make UP a 1 trillion dollar economy, CM Yogi has envisaged 'UP for UP, UP for India, UP for Global' for the state. "The CM has said that now is the time for Uttar Pradesh and the state must make full use of its potential in becoming the most important base for the multidimensional development of the country," he said.
The spokesman said that deciding the sector-wise short-term and long-term strategy based on the potential of UP, CM Yogi has set a deadline of 5 years to achieve the ambitious goal. The CM has said that by the year 2027, with an economy of 1 trillion dollar, UP will set a benchmark of 'Sabka Saath, Sabka Vikas'.
UNI AB RKM
Please log in to get detailed story.
Tags: #UP will become a 1 trillion dollar economy by 2027 : Yogi
More News

Shree Cement joins RE100

25 Apr 2024 | 4:32 PM

Mumbai, Apr 25 (UNI) Shree Cement, one of India's largest cement producers with an installed capacity of over 56 MTPA, has announced its membership in the esteemed RE100 initiative, a global initiative led by Climate Group, advocating for businesses to convert to 100 per cent renewable electricity for all their operations.

see more..

Vedanta net down 27 pc in Q4

25 Apr 2024 | 4:26 PM

Mumbai, Apr 25 (UNI) Indian mining company Vedanta, with its operations in iron ore, aluminium, zinc, oil and gas, on Thursday reported 27 per cent dip in net profit at Rs 2,273 crore for the fourth quarter (January-March) of FY 24 from Rs 3,132 crore in same period a year ago.

see more..

India’s John Distilleries ‘Nirvana’ wins at London Spirits Competition

25 Apr 2024 | 3:25 PM

New Delhi, April 25 (UNI) John Distilleries Ltd’s Paul John single malt whiskey ‘Nirvana’ has been awarded a “Gold” medal in the prestigious London Spirits Competition 2024. JDL’s two other offerings, Roulette London Dry Gin and Paul John XO Brandy, have also won ‘Silver’ medals. JDL is the only Indian company to have been awarded in three different categories: whiskey, gin, and brandy.

see more..
Dr Reddy’s Lab and Nestlé India enter into definitive agreement to form JV company

Dr Reddy’s Lab and Nestlé India enter into definitive agreement to form JV company

25 Apr 2024 | 2:40 PM

Hyderabad, April 25 (UNI) Dr. Reddy’s Laboratories and Nestlé India have entered into a definitive agreement to form a joint venture company to bring innovative nutraceutical brands to consumers in India and other agreed territories.

see more..
SBI General Insurance records 17 pc growth in topline and a profit growth of 30 pc in FY 23-24

SBI General Insurance records 17 pc growth in topline and a profit growth of 30 pc in FY 23-24

25 Apr 2024 | 2:18 PM

Kolkata, Apr 25 (UNI) SBI General Insurance announced its financial results for FY 23-24, recording 17 per cent growth in topline faster than market growth and a profit growth of 30 per cent in FY 23-24.

see more..
image