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Uttar Pradesh Minister Vows to Make His State a $1 Trillion Economy

© AP Photo / Rajesh Kumar SinghA laborer works on a pontoon bridge on the river Ganges for the upcoming Magh Mela festival, in Prayagraj, in the northern Indian state of Uttar Pradesh, , India. Friday, Dec. 9, 2022.
A laborer works on a pontoon bridge on the river Ganges for the upcoming Magh Mela festival, in Prayagraj, in the northern Indian state of Uttar Pradesh, , India. Friday, Dec. 9, 2022. - Sputnik India, 1920, 14.12.2022
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The Uttar Pradesh Global Investors Summit, scheduled to be held in the state capital city of Lucknow, will be held from February 10 to 12, 2023.
Ahead of the Uttar Pradesh Global Investors Summit, the state's Finance Minister Suresh Kumar Khanna, who is leading a high-level delegation to New York, announced ambitious plans to make Uttar Pradesh a $1 trillion economy.
“Uttar Pradesh’s exports were INR 880 billion ($10.6 billion) which has increased to INR 1,560 billion ($1.8 trillion) today. Our economy did well even during the time of Corona. We want to make Uttar Pradesh a $1 trillion economy,” the minister said during an interaction with the Indian diaspora at the Consulate General of India in New York on Wednesday.

Inviting investors to the upcoming Uttar Pradesh Global Investors Summit in February, the minister shared that the target is for an investment of INR 10 trillion, adding that the Netherlands, Denmark, Singapore, France, the UK, and Mauritius have already “shown enthusiasm.”

Meanwhile, Uttar Pradesh state chief Yogi Adityanath addressed the Global Investors Summit through a video message.
In the video, Adityanath said that Uttar Pradesh has emerged as the growth engine of New India under the leadership of Prime Minister Narendra Modi.

“The state followed Prime Minister’s mantra ‘Reform, Perform, Transform’, and therefore, emerged as the favorite destination for investors. In the past eight years, we have witnessed a new era of political stability and good governance in the country,” Adityanath said.

Highlighting the opportunities for the investors in the state, the state chief noted that given its rich natural resources, Uttar Pradesh is one of the leading states on the ease of doing business index, with good governance, zero-tolerance policing, and more than 25 investment-friendly industrial initiatives.
According to an official statement from the UP government, its delegates have visited a large number of countries to attract possible investment, including Canada, South Korea, Belgium, Australia, the UAE, and Brazil. They also met veteran investors to convince them to invest in Uttar Pradesh in local sectors, like infrastructure, defense, and tourism.
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