UP global investor summit: Modi launches projects worth $120 bn

Prime Minister Narendra Modi launched 14,000 projects across Uttar Pradesh worth more than ₹10 trillion ($120 billion) at the fourth ground-breaking ceremony on Monday. 

The ground-breaking ceremony was held for investment proposals received during the UP Global Investors Summit held in February 2023.

The projects relate to sectors such as manufacturing, renewable energy, food processing, housing and real estate, hospitality and entertainment, and education, a government press release said. 

The program was attended by about 5000 participants, including notable industrialists, representatives of top global and Indian companies, ambassadors and high commissioners, and other distinguished guests.

Uttar Pradesh governor Anandiben Patel, defence minister Rajnath Singh, and chief minister Yogi Adityanath also attended the event.

Speaking at the event, Modi said an environment of trade, development, and trust has emerged in Uttar Pradesh. 

“It has been seven years since the double-engine government was formed in UP. In these years, UP has removed the red tape culture and replaced it with red carpet culture,” he said.

Modi said that the BJP’s “double-engine” government in Uttar Pradesh has shown that no one can prevent development from taking place if the intention is there.

The term “double engine government” is often used by the Bharatiya Janata Party (BJP) to refer to a state where the party is in power both in the central government and in the said state. 

“The exports from UP have doubled in the past years. UP has done commendable work in electricity production and transmission. UP is the state with the most number of expressways in the country,” he said.

He said micro, small and medium enterprises (MSMEs) are the strength behind “Viksit Uttar Pradesh” and they benefitted from schemes such as “One District, One Product” and Vishwakarma Scheme.

“In the last seven years, crime has reduced in UP and business culture has expanded. An environment of trade, development, and trust has developed in UP in the last seven years,” he said.