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UP CM Yogi inaugurates Ankur Udyog Integrated Steel Plant (Photo/ANI)

Lucknow (Uttar Pradesh) [India]MARCH 12 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath said on Sunday that after 2017 the state government has addressed issues such as lack of law and order and lack of transparency and today is ensuring the safety of investors and their capital.

He also said that bringing investment to Uttar Pradesh before 2017 is a challenge.

CM Yogi Adityanath’s remarks came during the inauguration ceremony of Ankur Udyog’s integrated steel plant.

Speaking at the inauguration ceremony of renowned industrial conglomerate Ankur Udyog’s state-of-the-art integrated steel plant in Gorakhpur, the CM said, “Investment proposals valued at Rs 33.50 lakh crore received at the Global Investors Summit are a testament to the changed atmosphere in HOCH.”

“It is also an indication that the state is on the right track today and is poised to become the country’s largest economy,” he added.

The Chief Minister also pointed out that a week ago he had the opportunity to inaugurate Asia’s largest paint factory, Berger Paints Rs 1000 crore facility in Sandila (Hardoi).

“Revolvers from Webley and Scott, the renowned British arms manufacturer, are made in UP, the latest version of AK rifles made in Russia, BrahMos missiles and large aircraft are all only made in UP,” he added.

He said that today the government is conducting development work in all areas under the leadership of the Prime Minister.

The Prime Minister further noted: “It depends on our thinking and our methodology how we want to shape our future. When there is an atmosphere of safety, no one is discriminated against, there is solidarity from the forces of positive thinking, then good results are there for everyone.”

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CM Yogi said questions were raised about what the goal of the Global Investors Summit would be. Originally the target was set at Rs 10 lakh crore. “However, as our teams went out into the world, investors impressed with Uttar Pradesh’s law and order, sectoral policies and transparent system made investment proposals worth Rs 33.50 lakh crore at the Global Investors Summit,” the CM said .

CM Yogi also pointed out that investment proposals had been received not only for NCR but also for Eastern UP and Bundelkhand which had received investment proposals worth more than Rs. 10 crore and more than Rs. 4 crore respectively.

“All of this is possible because the government provides investors with security, facilities such as a single window system, online monitoring through the Nivesh Sarathi portal and online incentives. Now the government will also provide the support of CM Fellows to help the entrepreneurs. The administration provides all kinds of support to the investors,” added CM.

The prime minister called on the public to cooperate in the investment process, saying that investment should be encouraged, not discouraged, in the greater interest of the state, as it is the basis for prosperity and development. “In order to increase investment, a provision has been made in the budget for the development of two new industrial zones (in Gorakhpur and Jhansi). The investments will expand endless job opportunities while migration of young people will stop and Uttar Pradesh will benefit from their talent,” Yogi assured.

The prime minister said the government is giving huge exemptions from GST to new industries just to provide employment for the youth.

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The Chief Minister paid tribute to Canara Bank’s General Manager for providing a Rs.400 crore loan for the construction of an integrated steel mill, saying the bank took a risk even during the Covid-19 era.

He said the government is making efforts to increase the CD ratio through bankers. The CD rate used to be less than 46 percent, today it has risen to 55 percent.

“The goal is to achieve more than 60 percent. As the CD ratio increases, youth will be able to get more credit and they will make strong progress on the path to self-reliance by engaging in employment and self-employment campaigns,” the CM said.

Prime Minister Yogi Adityanath stressed the need to connect industries with institutions.

He said youth from ITIs, colleges and universities should be linked to training in industry.

“Industry and government will each give them a share of the fee. As a result, qualified workers are created on a large scale. The youth of UP have nowhere else to go. The prime minister said that the industry body and the institution, along with the size, would contribute to a skilled workforce,” he added. (ANI)

This report is automatically generated by the ANI news service. ThePrint assumes no responsibility for their content.