Shah Lays Foundation of over 250 Projects worth Rs. 65,000 crore

Speed Post News Network

New Delhi : Union Home Minister Amit Shah inaugurated the Second Ground Breaking Ceremony of the UP Investors Summit at Lucknow on July 28, 2019. He laid the foundation stone of over 250 projects worth Rs 65,000 crore. Chief Minister of Uttar Pradesh Yogi Adityanath was also present.

Speaking on the occasion, Shah said that PM Narendra Modi has seen a dream of a ‘New India’ which will be a $5 trillion economy and a model of Good Governance for the world. He quoted Prime Minister’s vision of ‘Transforming India’ to touch each citizen’s life and make India one of the top three economies in the world and said that PM Modi dreams with his eyes open and those who do that do not sleep till their dream is achieved. Within last 5 years, Indian economy has jumped from 11^th position to 6^th position at global level under the Prime Minister’s leadership which is unprecedented in independent India’s history, he added.

The Home Minister also cited the proactive steps taken by the Union Government for facilitating Ease of Doing Business by establishing a model of good governance. He said that reforms like ‘GST – One Nation, One Tax’, simplification of laws, competition among states on their Ease of Doing Business rankings etc. have contributed in bringing the economy back on track and led to significant increase in FDIs. Within last five years, India has climbed up from 142 to 77 on the World Bank’s Ease of Doing Business rankings, he added.

Shah congratulated the UP Government headed by Yogi Adityanath for working at an amazing pace to materialise the proposed investments during the 1^st Ground breaking ceremony inaugurated by Prime Minister last year. He said that Modi government has laid the foundation to make India $5 trillion economy and expressed confidence that when proposed investments worth Rs. 4.68 lakh crore fructify on ground, UP would become a $1 trillion economy and a leading state in generating employment opportunities. A quarter of these MoUs have already materialised on ground in the very first year, which is a major achievement of the state government, Shah added.

The Home Minister praised Yogi Adityanath for linking the people of UP in its development story by generating employment, rejuvenating agriculture, building infrastructure, improving health and education facilities in the state, among others. The UP government has successfully invigorated the traditional industries in the state through the ‘One District, One Product’ scheme. He said that within the last two years, the law & order situation has seen an unprecedented improvement, which is vital to attract investment and boost economic growth in the state. Corruption in administration has been curbed, he added.

Shah said that in the 14^th Finance Commission, UP government received over Rs 8.8 lakh crore from the Central funds for development works, which was a significant jump from the previous allocation. He assured the investors that not only the state government but the Union government is also committed to see all investments in the state fructify on the ground. Within next 5 years, UP will be on the top in ease of doing business rankings and socio-economic development profile among the states in India.

Addressing the gathering, CM Yogi Adityanath thanked PM Narendra Modi for laying down the vision of developing India into a $5 trillion economy. He assured the global investors that the UP Government would facilitate ease of doing business and security of investment to realise PM’s vision. Yogi Adityanath envisioned Uttar Pradesh as the most favoured destination for global investments and become a $1Trillion economy in the next 5 years, according to a PIB release.