Highlighting the country's development strides and investment-friendly environment and pointing out that Uttar Pradesh is leading the growth of the country, Prime Minister Narendra Modi said on Friday that India is reforming not out of compulsion, but out of conviction.
If India is the bright spot in the world, then Uttar Pradesh is leading the growth of the country, PM Modi said after inaugurating the Uttar Pradesh Global Investors Summit 2023 in Lucknow.
"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.
Addressing the gathering, 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."
The PM said a big change is being witnessed in the thinking and aspirations of Indian society and youth today. The aspirations of the country are pushing the governments, and these aspirations are pushing the development work.
India's economy to continue to grow rapidly
"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.
The Prime Minister said that UP has also reaped great benefits from the work that has been done on social, digital, and infrastructure in India. He said the Center has abolished dozens of archaic laws, and today India is truly on the path of speed and scale.
In this year's budget, the PM said Rs 35,000 crore has been provisioned for the energy transition. He said it reflects India's commitment to green energy. Mission Green Hydrogen gives strength to this very commitment, he said.
Production in Uttar Pradesh
The prime minister said more than 60 per cent of India's total mobile production is in UP.
One of the country's two defense corridors is in UP. There are also endless possibilities here regarding fisheries, dairy, and food processing.
In UP, the PM said there are several new initiatives in dairy, fisheries, agriculture, the food processing sector, and natural farming. Today, India is focused on crop diversification and reducing the input costs of farmers. Hence, the government is putting a lot of effort into promoting natural farming.
Expenditure on infrastructure and green growth
"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 onto the path of green growth on which India has embarked," PM Modi told the industrialists present at the occasion.
Uttar pradesh Global Investors Summit 2013
UP Global Investors Summit 2023 is the flagship investment summit of the Government of Uttar Pradesh. The mega event is aimed at bringing together policymakers, industry leaders, academia, think tanks, and leaders from across the world to collectively explore business opportunities and forge 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, and standardized services to investors, according to an official statement.
(To receive our E-paper on WhatsApp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)
