UP Investors Summit 2018: An Initiative to Make UP Investor Friendly

UP Investors Summit 2018: An Initiative to Make UP Investor Friendly

Uttar Pradesh's Yogi Adityanath government is hoping a big from the investor summit 2018.

Addressing the 'Uttar Pradesh Investors' Summit 2018, ' the Prime Minister said the new policy will help in doubling farmers income by 2022.

The summit is aimed at showcasing investment opportunities and potential across various sectors in Uttar Pradesh. He also added that the government is working on a new industrial policy.Dixon Technologies will invest Rs 500 crore to build a consumer electronics unit on a fifteen-acre land in Noida.

The Prime Minister said that the Kumbh Mela to be organized next year at Prayag, would be the largest such event of its kind in the world.

If there are any doubts in the minds of investors, then it is the right forum to remove them, Singh said. In addition, airports in 11 other cities of the state were being developed to give a boost to regional connectivity, he said.

The Prime Minister will spend over four hours at the summit on Wednesday.

"One of the two defence industrial corridors mentioned in the budget, one is proposed in the Bundelkhand region of the state which will bring an investment of Rs 20,000 crore and generate employment avenues for 2.5 lakh people".

Rajya Sabha MP Subhash Chandra will address the media and entertainment session during the summit.

"Tourism is a multiplier for growth". Then, Adani group's chairman Gautam Adani said that India's GDP is going to triple in the coming years, and that the country is being recognized as a reliable option for investment from various countries.

Anand Mahindra, chairman of Mahindra Group, said that UP's size, long rail network and human resource makes it a country in itself and should be competing not with other states, but with other nations.

During his address, CM Adityanath said the path to India's development goes to Uttar Pradesh. He said the group would continue to be the top investor in the state and added that the company would invest Rs 25,000 crore in multiple businesses in next five years.

The size of state gives huge opportunities to investors to expand their business and invest in UP.