18-Feb-2024 07:01 PM
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Lucknow, Feb 18 (Reporter) In a significant step towards realising the ambitious goal to transform Uttar Pradesh into a one trillion-dollar economy, Prime Minister Narendra Modi is set to inaugurate over 14,000 projects valued at more than Rs 10 lakh crore during the Ground Breaking [email protected] on Monday at the Indira Gandhi Pratishthan in Lucknow.
This initiative is poised to create approximately 34 lakh job opportunities across the state, marking a significant leap towards economic growth and prosperity.
Prime Minister Modi, accompanied by Chief Minister Yogi Adityanath, will also visit the exhibition showcasing these transformative projects. Following this, he will address the citizens of UP from the main GBC hangar, offering his heartfelt wishes for the successful commencement of these endeavors.
It is noteworthy that the Global Investors Summit was organized between February 10 and 12 last year. About a year later, GBC was organized between February 19 and 21.
Following the historic consecration of Lord Shri Ram Lalla in Ayodhya on January 22, UP, under the leadership of CM Yogi, is poised for another significant milestone with the GBC. Having grabbed global attention, UP is set to embark on a transformative journey through the launch of numerous projects, guided by the vision of Prime Minister Modi and under the stewardship of CM Yogi.
During the ceremony, PM Modi will highlight the government's accomplishments and share insights with potential investors. On this occasion, CM Yogi will also present his views regarding the suitable environment for industries in UP as well as future plans.
Minister of Industrial Development Nand Gopal Nandi will extend a cordial welcome to the PM. Notable figures, including Dheeraj Hinduja, Chairman of the Hinduja Group; JP Park, CEO of Samsung South West Asia; Susanne Pulverer, CEO of INGKA; Jinal Mehta, MD of Torrent Group; and Jalaj Mehta, Chairman of Adverb Technologies, will share their insights on the state's industrial progress.
The Defense Minister and Lucknow's MP, Rajnath Singh, will provide his perspective. Following these discussions, PM Modi will unveil the projects digitally, accompanied by a screening of a short film showcasing the government's achievements.
With all arrangements now complete, the stage is set for the upcoming event. Recently, the CM personally oversaw the preparations and provided necessary directives to ensure a seamless execution. The event is expected to host approximately 4,000 participants from around the globe, comprising industrialists, Fortune Global, India 500 companies, foreign investor partners, ambassadors, high commissioners, and other distinguished guests.
To ensure the seamless organization of the program, Invest UP has delegated various responsibilities. Nodal officers have been appointed to manage hotel accommodations for special guests, while key personnel have also been appointed for the airport, the help desk, vehicle arrangements, parking, and registration.
Ten distinct pavilions have been erected at the exhibition site, showcasing a diverse range of sectors, including AI, textiles, data centers, electronics and IT, warehouses and logistics, film city, Invest UP, top investors, medical devices, EV and renewable energy, defense, and aerospace.
German hangars, constructed from steel shipping containers, have been assembled for the event. Additionally, 3D replica models of various defense equipment, including Shri Ram Janmabhoomi Temple, will be on display. Attendees will also get a sneak peek at the upcoming film city project in the YEIDA area.
As many as 14,619 projects worth Rs 10,23,537 crore are going to be launched in the state through GBC. What sets this investment drive apart is its comprehensive reach, spanning across all parts and districts of UP.
These investment projects will unfold across all 75 districts of the state, with 19 districts surpassing their investment targets by more than 100 percent. Among them, Etah leads with an impressive 354 percent, followed by Sitapur at 145 percent, Shahjahanpur at 127 percent, and Sonbhadra at 121 percent. Other districts, such as Chandauli, Muzaffarnagar, Moradabad, Mirzapur, and Hardoi, have also exceeded their targets significantly.
Districts like Amethi, Barabanki, Fatehpur, Gonda, and Bareilly have showcased remarkable progress, with figures ranging from 100 to 108 percent. This surge in investment promises to usher in a new era of economic growth and prosperity across the state.
Investment inflows are diversifying across a spectrum of sectors, with the housing sector commanding the largest share at 19.24 percent. Renewable energy follows closely with 15 percent, while manufacturing has received 13 percent, IT and IT-enabled services 10 percent, and logistics and warehousing 7.83 percent. energy 7.5 percent, food processing 6.01 percent, electronics manufacturing 5.27 percent, and education 2.96 percent.
The upcoming groundbreaking ceremony marks the fourth such event under the stewardship of the Yogi government, following three successful precedents. These ceremonies have been instrumental in ushering in transformative investments totaling over Rs 2.10 lakh crore across various sectors in the state.
The journey began with the landmark UP Investors Summit in February 2018, where 1,045 MoUs amounting to Rs 4.28 lakh crore were inked, laying a solid foundation for subsequent endeavors. In July 2018, the first groundbreaking ceremony heralded the launch of 81 projects with an investment of Rs 61,792 crore. This momentum continued into July 2019, with the second ceremony witnessing the launch of nearly 290 projects totaling Rs 67,202 crore.
In June 2022, the third edition of the groundbreaking ceremony marked another significant milestone, as over 1,400 projects with an investment exceeding Rs 80,000 crore were launched...////...