UP is open and ready for investment

Chief Minister Yogi ‘Adityanath on Monday highlighted Uttar Pradesh's remarkable economic transformation and said that the state, which once struggled to pay Salaries, is now a revenue surplus economy.

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Addressing Federation of Indian Chambers of Commerce & Industry's (FICCI) National Executive Committee while welcoming the entrepreneurs, the CM said that UP, the country's most populous state and vast consumer and labour market, is open and ready for investment.

Marking the occasion as significant, he said that it coincides with the birth anniversary of Bharat Ratna, Dr Bhimrao Ambedkar, the principal architect of the Indian Constitution. He acknowledged FICCI as a key partner in UP's development journey, crediting the organisation's consistent support in fostering a positive investment ecosystem.

He especially appreciated FICCI’s pivotal role in successfully organising the UP Investor Summits in 2018 and 2023.

Reflecting on the historical context, Yogi said, "Although UP is the largest state in India by population, it was long categorised as a 'BIMARU' state. At the time of independence, its per capita income was on par with the national average, but over time, it declined to just one-third. However, the state has witnessed extraordinary progress over the past eight years, a transformation now recognised nationally and globally.”

He said that this progress was made possible partly due to the constructive role of institutions like FICCI in shaping policy and promoting growth.