NEW YORK (TIP): Highlighting its policies focused on good governance, zero tolerance towards crime and corruption and ease of doing business, the Uttar Pradesh government is inviting global investors and diaspora to invest in a plethora of sectors across the state such as agro and food processing, defense, aerospace and IT.

A high-level delegation led by Finance Minister of Uttar Pradesh Suresh Khanna interacted with members of the Indian diaspora, including those hailing from the state, during an event held at the Consulate General of India in New York Monday, December 12.

The delegation comprised leaders and senior bureaucrats including Advisor to Chief Minister Yogi Adityanath Awanish Awasthi, Additional Chief Secretary and Infrastructure and Industrial Development Commissioner Arvind Kumar, Secretary to Chief Minister Yogi Adityanath Amit Singh and former cabinet minister and MLA Sidharth Nath Singh. The delegation’s visit to the US comes two months before the Uttar Pradesh Global Investors Summit (UPGIS) 2023, which is scheduled to be held in Lucknow from  February 10-12 next year.

The delegation invited investors and diaspora to visit and invest in the state as well as participate in the global summit, the flagship investment summit of the Government of Uttar Pradesh.

In a video message played at the event, Chief Minister Yogi Adityanath said that Uttar Pradesh, with its abundant natural resources, good governance, zero tolerance policy towards crime and corruption, largest consumer market, single window portal ‘Nivesh Mitra’, online incentive management system and 25 investment-friendly industrial policies, is a leading state in ‘Ease of Doing Business.’

He said that over the past five years, including the time when the world was facing economic challenges due to the COVID19 pandemic, investment projects worth four lakh crore rupees were launched in the state, “which is a mark of trust that the investors have placed in the new Uttar Pradesh.”

Yogi Adityanath invited all to come and be a part of “new India’s growth engine” and invest in Uttar Pradesh. “Welcome to new India’s new Uttar Pradesh.”

In his special address, Khanna invited the diaspora and investors to come and invest in Uttar Pradesh, highlighting that the state today has a stable government under the Chief Ministership of Yogi Adityanath, with focus on policy-based governance, rule of law, easy availability of land, zero tolerance towards crime and corruption and guarantee of safety and security.

“We have come to invite you so that investments in Uttar Pradesh increase manifold and for that it has been ensured that a congenial atmosphere is provided,” Khanna said adding that the state has a conducive environment for business and investments and it is ensured that all facilitation are available to prospective investors.

Khanna underlined that Chief Minister Yogi Adityanath has given equal prominence and importance to both urbanization as well as development of rural areas. “Today, the Yogi model is popular and is talked about all across the country,” he said.

Khanna said that in Yogi Adityanath, Prime Minister Narendra Modi gave Uttar Pradesh a Chief Minister who is like him, who has no personal agenda. He has only one focus and agenda – that of improving the conditions of the common man in the state and that Uttar Pradesh is known as a developed, progressive and prosperous state.

Consul General Randhir Kumar Jaiswal, earlier, welcoming the delegation, exhorted investors and the diaspora to invest in the State of UP which offered the required climate for investment.

Sidharth Nath Singh underlined that “there is an economic model for Uttar Pradesh, which has been adopted by our Chief Minister and I call it the ‘Monk with the economic model’.”

“What we are seeking is certainly that you come and make an investment and become our partner in the growth of Uttar Pradesh, the growth of India. India can only grow if Uttar Pradesh grows because we are the backbone,” he said.

Stressing the importance of showcasing the heritage of India and Uttar Pradesh to the younger generation in the diaspora, Awasthi said that “UP nahin dekha, toh India nahin dekha” (If you haven’t seen Uttar Pradesh, then you haven’t seen India).

He also said that there is tremendous scope and avenues to grow and support the state’s education, health and nutrition sectors as well.

Kumar gave a detailed presentation on the business environment and investment opportunities in Uttar Pradesh, highlighting the rapid infrastructure development in the state including construction and completion of expressways, the country’s largest rail network, international airports and India’s first inland waterway. He said that during the 2023 global investor summit, the state is targeting an investment commitment of 140 billion dollars. Amit Singh also highlighted the various investment opportunities and advantages of investing in Uttar Pradesh. Uttar Pradesh Association of North America Founder and Chairman Rakesh Agarwal highlighted the cultural power of the state of Uttar Pradesh.

The delegation highlighted sectors such as food processing, dairy, handloom and textile, IT, startups, tourism, defense and aerospace, pharma, micro, small and medium enterprises, film and renewable energy among others are key areas of investment opportunities.

Rakesh Agarwal, founder and trustee of the Uttar Pradesh Association of North America rallied  support for global investment & job creation in Uttar Pradesh. Mr. Agarwal stated that “the Uttar Pradesh Government has created a business-friendly environment”. The state now ranks #2 among the  best states for investment in India.. He met with  CM Yogi Ji in June of 2022 and the U.P. Government is offering incentives and tax breaks for companies to expand/start operations in Uttar Pradesh. By working together, we can create jobs & make Uttar Pradesh a better place for everybody, he said.

If you have any plans to start or expand your business in India, please contact Mr. Rakesh Agarwal at ra@cparakesh.com

The three-day long Investors Summit brought  together policy makers, corporate leaders, business delegations, academia, think-tanks and Political and Government leadership from across the globe, to collectively explore business opportunities and forge partnerships.

(Source: PTI)