PM Modi praised the state while inaugurating projects worth Rs. 80,000 crore at the UP Investors Summit 3.0

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• Jun 4, 2022 | Kabir Chakraborty

Speaking about GST, PM Modi said, "We have worked to strengthen India as a nation with our reforms." One Nation-One Tax GST, One Nation-One Grid, One Nation-One Mobility Card, One Nation-One Ration Card. All these efforts are a reflection of our solid and transparent policies. " 

Digital Desk: At the third 'unconventional' ceremony
of the UP Investors Summit in Lucknow, Prime Minister Narendra Modi on Friday
said that in the coming ten years, "Uttar Pradesh will be a major driving
force for India." He also laid the foundation stone of over 1,400 projects
worth Rs 80,000 crore in Uttar Pradesh, news agency ANI reported. 

PM
Modi said, addressing the gathering at 3.0, UP Investors Summit in Lucknow,
"We recently completed eight years of central governance. In these years,
we progressed on the mantra of reform, perform, transform, focusing on policy
stability, coordination, and ease of doing business. " 

While
highlighting India's growth, PM Modi said, "Today the world sees India's
potential and appreciates India's performance." We are growing the fastest
among the G20 economies. India is at number two on the Global Retail Index.

"Ganga
is more than 1100 km long in UP and passes through 25-30 districts."
Imagine the enormous possibilities of natural farming. The state government
also announced a food processing scheme a few years ago. "For the
corporate world, it's a golden opportunity to invest in agriculture
currently," he stated.

Speaking
about GST, PM Modi said, "We have worked to strengthen India as a nation
with our reforms." One Nation-One Tax GST, One Nation-One Grid, One
Nation-One Mobility Card, One Nation-One Ration Card. All these efforts are a
reflection of our solid and transparent policies. " 

Speaking
about unemployment, CM Adityanath revealed, "The unemployment rate in
Uttar Pradesh has decreased from 18% to 2.9%." 

"UP
increased its traditional enterprise export from Rs 88,000 cr to Rs 1.56 lakh
cr with effective action in schemes like 'One District, One Product,'" he
added. 

According
to the official release, the investments are intended to fund at least 805
projects in the Micro, Small, and Medium Enterprise (MSME) sector, 275 in
agriculture and allied industries, and 65 in pharmaceuticals and medical
supplies. Other projects include six schemes related to education worth Rs.
1,183 crore, seven related to dairy worth Rs. 489 crore, and six in animal
husbandry worth Rs. 224 crore, as per the release.

The
investments will primarily focus on MSMEs as Uttar Pradesh has 90 lakh MSMEs,
the highest among all such projects. The statement said that the cash would
flow to fund seven data centres worth Rs 19,928 crore and 13 infrastructure
projects worth Rs 6,632 crore.

Projects
in agriculture and allied industries will attract an investment of Rs 11,297
crore, IT and electronics will be allotted Rs 7,876 crore, and manufacturing is
estimated to get Rs 6,227 crore.