PM Narendra Modi has announced that Uttar Pradesh is all set to become a $1-trillion economy, as he launches 81 projects with an investment of Rs 60,000 crore. Modi’s tour is marked as his sixth visit to the state this month and second to Lucknow in many days.
Commending the state government’s sector-specific policies, Modi says it is an outstanding achievement for any state to be able to bring in an investment worth `60,000 crore within a short span of five months.
“There was a time when people considered bringing investment to Uttar Pradesh was a challenge but today’s function is a proof of the sheer speed with which the state is progressing and I don’t think it will take much time for UP to become a $1-trillion economy,” he adds.
According to him, “I have been chief minister of an industry-driven state myself. I say that what has been done in UP in such a short time is very much laudable. This is, in fact, not a groundbreaking ceremony, but a record-breaking ceremony.”
Stating that India has emerged as the hub of mobile manufacturing, he says the country is the second-largest mobile manufacturer in the world. And UP is leading the country in the manufacturing revolution. There are more than 50 mobile phone manufacturing factories in UP. Modi points out corporate funding in the agri sector stands at 1%, so technology in agriculture is needed to upscale this so that farmers can be benefited.
In the presence of business leaders like Gautam Adani, Kumar Mangalam Birla and Subhash Chandra, the PM says unlike “some people” he is “not afraid of” publicly standing beside industrialists and business magnates because his intentions are transparent.