Under the dynamic leadership of Hon’ble Chief Minister, Yogi Adityanath, Uttar Pradesh has become a prime investment destination in India. With a commitment to the principles of Reform-Perform-Transform, the State Government has actively pursued a development agenda, resulting in substantial industrial growth, governance reforms, law and order improvements, progressive policies, and state-of-the-art infrastructure. Following the success of the UP Global Investors Summit 2023, the state is gearing up for the Groundbreaking Ceremony (GBC 4.0) from 19th to 21st February 2024, with the esteemed presence of Hon’ble Prime Minister, Shri Narendra Modi.[1]
Industrial Growth and Investment Landscape:
The transformative journey of Uttar Pradesh under the leadership of Chief Minister Yogi Adityanath has been marked by a surge in industrial growth. The UP Global Investors Summit 2023 played a pivotal role in attracting investments, resulting in the implementation of over 14000 projects with an estimated investment of approximately Rs. 10 lac crores. This commendable achievement, in just one year, has not only boosted the state’s economic standing but has also generated a staggering 33.50 lac employment opportunities.[2]
GBC 4.0: Fostering Economic Milestones:
In continuation of this success, the State Government is organizing the Groundbreaking Ceremony (GBC 4.0), scheduled from 19th to 21st February 2024. This event, to be held at Indira Gandhi Pratishthan, Lucknow, is expected to be graced by the presence of the Hon’ble Prime Minister, Shri Narendra Modi, making it a significant milestone in Uttar Pradesh’s journey towards economic development. GBC 4.0 aims to showcase the state’s commitment to furthering industrial progress and fostering an environment conducive to investments.[4]
FDI & AI Conclave: Unlocking Opportunities:
On the sidelines of GBC 4.0, a Conclave on “FDI & AI – Unlocking Opportunities in UP” is set to take place on 20th February 2024, chaired by Chief Minister Yogi Adityanath. The conclave seeks to bring together industry leaders, policymakers, and potential investors to deliberate on and explore opportunities for promoting foreign direct investment and artificial intelligence in the state. This platform will serve as an arena for networking, knowledge sharing, and forging collaborations that will contribute significantly to the economic growth and development of the region.[4]
Conclusion:
Uttar Pradesh’s trajectory towards economic transformation, driven by visionary leadership and strategic initiatives, is evident through events like the GBC 4.0 and the FDI & AI Conclave. As the state continues to attract investments and prioritize industrial growth, it solidifies its position as a key player in India’s economic landscape. The commitment to reform and transform, coupled with the active participation of industry leaders and policymakers, ensures that Uttar Pradesh remains at the forefront of fostering economic development in the country.
References:
- Yogi Adityanath: Uttar Pradesh transformed into prime investment destination in six years: Yogi Adityanath – The Economic Times. (The Economic Times). https://economictimes.indiatimes.com/news/politics-and-nation/uttar-pradesh-transformed-into-prime-investment-destination-in-six-years-yogi-adityanath/articleshow/102911604.cms?from=mdr
- https://invest.up.gov.in/gbc2024/about_us.html
- In Uttar Pradesh, Ground Breaking Ceremony 4.0 from Feb 19-21: All you need to know. (CNBCTV18). https://www.cnbctv18.com/economy/in-uttar-pradesh-ground-breaking-ceremony-40-from-feb-19-21-all-you-need-to-know-19042591.htm
- Ground Breaking Ceremony 4.0 to herald investment projects in UP – The Statesman. (The Statesman). https://www.thestatesman.com/india/ground-breaking-ceremony-4-0-to-herald-investment-projects-in-up-1503268384.html
