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Home News National

UP will soon become leading economy in country: Yogi

by KD Desk
August 30, 2023
in National, Politics
0
Yogi announces three-day state mourning on Mulayam’s death
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Lucknow, Aug 29: Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said that the lack of political will in the previous governments led to decline of the state and it is the result of the atmosphere that has been created in the last six years Federation of Indian Chambers of Commerce and Industry (FICCI) is holding its national executives meeting in Lucknow after 38 years.

Addressing the FICCI National Executive meeting held at a hotel in Gomti Nagar, the CM said, “Under the leadership of Prime Minister Narendra Modi, UP has moved towards becoming a developed state, emerging from a period of darkness and the sick state. Now UP will soon become the leading economy of the country.”

He said that UP has secured the second position from the fourth in Ease of Doing Business, which shows the government’s desire for progress in the last six years. He said that the first requirement for investment in any state is security, which the UP government has understood very well.

Yogi said that the state remains free from criminal activities, committing acts like kidnapping for ransom is not possible and no goon can infiltrate industry and threaten and collect money.

He said, “With the establishment of an Anti-Land Mafia Task Force, a land bank has been curated for industrial use, liberating 64,000 hectares of land from encroachments by land mafias. The CD (credit-debit) ratio of the bank was 42 percent six years ago, whereas today it has reached 56 percent and we are working to increase it to 60 percent.”

The CM said, “Presently, the figures from the Reserve Bank have been released and will help to understand in which direction UP is advancing.”

He said that there are favourable opportunities for the industry in the state as UP is a revenue surplus state. “The state is rapidly moving forward with its biggest infrastructure programme.

The western region had its own infrastructure, but eastern UP and Bundelkhand were deprived of all this, however the scenario has changed today. In the year 2016, the government of India had to supply water through tankers to Bundelkhand, whereas today water is reaching every house from the tap,” he said.

Yogi said that the Global Investors Summit-23 held this year attracted investment proposals of over Rs 36 lakh crores, which is a symbol of faith towards UP. ”

The once-declining MSME sector has undergone remarkable progress in the present market. The One District One Product initiative, initially introduced within the state, has now been adopted as a nationwide plan by the Union Government. This scheme has established the state as a manufacturing hub. Notably, the export of the state has reached about Rs 2 lakh crore,” he said.

He appealed to the people of the industry associated with FICCI to collectively play their part in the development of the state.

KD Desk

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