UP News: Amid vigorous preparations for organizing the Global Investors Summit in Uttar Pradesh next month, the industry body Assocham says that the environment for setting up industry in the state is much better than before and the state has opportunities to attract investment. The strongest are opportunities.
Assocham Secretary General Deepak Sood said that the government itself is now trying to show them investment opportunities by taking steps towards the industries. This will not only benefit Uttar Pradesh but the economy of the whole of India. Sood, who reached Lucknow on the sidelines of a two-day conference organized by Assocham on January 20-21 under ‘Environmental Security and Green Energy Friendly Campaign’, spoke to PTI about the upcoming Global Investors Conference to be held in Lucknow on February 10-12. When asked about the prospects for the success of the UGC, he said, “As far as Uttar Pradesh is concerned, it has very strong opportunities to attract investment.”
The experience of the traders is also very encouraging
He said, “Uttar Pradesh is the third largest economy of the country. Its connectivity with other states is very good and now the experience of the businessmen regarding the state is also very encouraging. If a person wants to invest somewhere. He should look for a strong, stable He considers policy and better law and order as the only criterion. Now both these things are very positive in Uttar Pradesh, which was not there before.” Sood said that recently many members of Assocham have invested in Uttar Pradesh and their experiences give a very good message.
‘Government is promoting industries in the state’
Referring to the data center set up in Greater Noida, Uttar Pradesh, he said that this center, which is counted among the largest centers in the country, was surprisingly completed very soon. The way the government is promoting industries in the state. He deserves congratulations for that. Chief Minister Yogi Adityanath leadership and prime minister Narendra Modi The work being done in the direction of industrial development under the guidance of He is very encouraging.
‘Endless possibilities in Uttar Pradesh’
When asked about the government’s target of making Uttar Pradesh a trillion dollar economy, Sood said, it is a very big target. But if capacity is created in areas like vehicles, hardware and electronic hardware. So endless possibilities are waiting in the state. Deepak Sood said that to achieve the target of $1,000 billion economy, smaller targets will have to be set. First the target of $500 billion has to be achieved. After that the target of reaching $700 billion and then $1,000 billion should be achieved. But the final target of 1,000 billion dollars should not be final, rather Uttar Pradesh will have to think beyond that as well.
‘Government will work by making a framework’
Sood told that a continuous pipeline is needed. For this, availability of land, basic infrastructure, water and environmental clearances, upgradation of labor force and development of market will have to be done and overall per capita income of the state will also have to be increased. All these things happen on which the government will work by making a framework and I hope that Uttar Pradesh is in a position to become a $1,000 billion economy.
‘It takes time to implement agreements’
On the question of delay in putting investment agreements on the ground, Assocham Secretary General said, there are many things about an investment agreement. It is not necessary that any one agreement should be put on the ground within a single year. There are many investments which take time to materialize.
When asked about the role of Assocham in the Global Investors Summit, the secretary general of the organization said, “All our members will participate in this summit.” It is obvious that the government needs investment but a businessman is always on the lookout for opportunities. We help the government reach out to entrepreneurs.
The Chief Minister himself is taking stock of the preparations
The Uttar Pradesh government is organizing the Global Investors Summit in the capital Lucknow from February 10 to 12 next month with an investment target of Rs 15 lakh crore. Preparations for this are going on in full swing. The Chief Minister himself is taking stock of these preparations. Efforts are being made to make this investor conference a milestone in terms of industrial investment in the state.