Scripting a growth story

The Global Investors Summit will boost the already thriving foreign investment in UP - taking the state closer to its target of becoming a USD 1-trillion economy

- SANJAY SINGH

When Chief Minister Yogi Adityanath announced W before 20 crore people of Uttar Pradesh to make the state a USD 1-trillion economy by the year 2027, the promise made was not hollow. It certainly had some substance and the base on which commitment can be shaped into reality. Actually, sustained efforts are being made by the government to make Uttar Pradesh not only investor friendly but also a state that is able to contribute substantially to the national growth. Foreign investment is one of the important components of the cherished growth trajectory of Uttar Pradesh. So, the UP government is also organising the Global Investment Summit in January 2023 to attract more investment.

To meet the USD 1 billion target, the Yogi Adityanath government is creating an investor-friendly environment in the state to boost industrial development in a sustained manner. Due to the initiatives taken by the government, Uttar Pradesh has become the first choice of foreign investors in India. Over two dozen countries have already invested more than Rs. 50,000 crore in Uttar Pradesh. To attract more Foreign Direct Investment (FDI), the Global Investors' Summit-23 (GIS) will be held in January, 2023. The Department of Infrastructure and Industrial Development has set up a dedicated help desk to facilitate them. Investment proposals worth over Rs 26,371 crore have already been received from 12 countries and land has been allotted for about 39 projects in the past five years. Investments have started pouring from countries like Singapore, the US, Japan, the UK, Canada, Germany and South Korea, providing employment to over 38,000 people in the state.