UP Investors Summit 2018: CM Adityanath signs 1,045 MoUs, worth Rs 4.2 trn

Lucknow: Uttar Pradesh has signed 1,045 pacts worth Rs 4.28 trillion on the first day of the UP investors' summit, Chief Minister Yogi Adityanath said on Wednesday.

"It is a matter of pride for the state that fortune-500 companies are participating in this summit. I want to tell you all that till now we have signed 1,045 MoUs worth Rs 4.28 trillion. I have recently presented budget of Rs 4.28 trillion and the figure of MOUs signed is the same... We are heading towards new UP," Adityanath said while addressing the summit at Lucknow.

He said he would himself oversee that the MoUs signed are executed, and those who are coming to invest in the state get all the facilities.

"I welcome all the guests including industrialists.

With PM's guidance and blessings, UP is heading towards development and shedding its Bimaru tag. We are trying to become developed. PM's guidance helps us in good governance and taking the state on path of development," he said.

The summit is an attempt to establish UP among the developed states and its focus areas include food processing, dairy, handloom and textile, MSME, IT, start-ups, electronic manufacturing, films, tourism and civil aviation," the chief minister added.

Stressing that the state was providing basic needs for investments like law and order, infrastructure, power and roads, he said he would ensure an administrative setup which will be transparent and answerable.

"We have established rule of law in the state in past 11 months and taken initiatives to maintain peace," he said, adding that state investment promotion board has also been set up to facilitate industrialists willing to invest.

"For ease of doing business approvals, permissions, licences are going to be under one roof. We are going to implement digital clearance which will be monitored by the CM office," he said.

Adityanath said that the state's start-up policy will provide innovation base to new entrepreneurs and associated IIT Kanpur, BHU and 30 engineering with it.

We are making Purvanchal and Bundelkhand expressway that will be connected to industrial corridors and emphasised on regional connectivity to connect different districts and connecting tourism points," he said.

Second defence industrial corridor to come up in UP

Addressing the Uttar Pradesh Investors Summit, the Prime Minister termed the event as a big leap forward and said that 'when change happens it shows'.

"When change happens it shows. That Uttar Pradesh is organising an investor summit at such a wide level, itself defines change," the Prime Minister said.

"The way investors and entrepreneurs have gathered here and are taking keen interest in Uttar Pradesh shows that the state is moving ahead on the path of development," he added.

The Prime Minister further appreciated Adityanath, his cabinet, bureaucrats and the state police for making collective efforts in order to bring Uttar Pradesh back on track.

"I congratulate the Yogi government, its cabinet, bureaucrats and the state police for successfully pulling the state out of negativity and pushing in on a positive path," he said.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.