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Narendra Modi announces ₹20000 crore defence corridor for Bundelkhand

21 February 2018

Talking about various prominent sectors that has excelled in Uttar Pradesh so far, PM Modi said that UP has the potential be the engine of growth in our country.

The event, claimed to be the first of its kind in the state, was inaugurated by Prime Minister Narendra Modi on Wednesday.

He also asked the Uttar Pradesh government to compete with Maharashtra in achieving the target of a one trillion dollar economy. Terming holding of investors summit in Uttar Pradesh and congregation of industrialists from all over as a sign of a big change, the prime minister said the Yogi government has overcome the previous negativity and shown a ray of hope to people with positive changes. It has also made significant strides towards improving the power supply situation and created private industrial parks.

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"That Uttar Pradesh is organising an investor summit at such a wide level, itself defines change", the Prime Minister said.

According to the Central Statistics Office data, the size of the Maharashtra and Uttar Pradesh economies was $308 billion and $172 billion, respectively, in 2015-16.

Reminding of a long association of his company as one of the earliest investors in UP since 1950s, Kumar Mangalam Birla, chairman of Aditya Birla Group, said UP was an unsaturated land of opportunities.

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Chandrasekharan said Tata Consultancy Services wanted to increase its footprint in Uttar Pradesh. Anand Mahindra also committed to set up electric vehicle plant in Uttar Pradesh.

Leading the series of speeches by corporate captains, Reliance group chairman and managing director Mukesh Ambani said that Reliance Jio Infocomm had invested Rs 20,000 crore over the years in UP and another Rs 10,000 crore would be invested in the next three years.

Gautam Adani, chairman, Adani Group, said farm produce capacity of 6 lakh tonnes will be built in the state. We are committed to building a campus for 30,000 employees. Besides President Ram Nath Kovind, country's top industrialists, business delegates from 20 foreign countries and 200 CEOs, along with nearly 1/4th of the Modi Cabinet, will participate in the two-day mega event, convened to woo much-needed investment for development of Uttar Pradesh. These projects will result in investment of Rs35,000 crore in the next few years, he said. He urged the State to ensure that visitors from every single country in the world visit the Kumbh mela in 2019. He committed an aggregate investment of Rs 35,000 crores in various core sectors including energy, logistics, solar power, roads and agriculture.

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Narendra Modi announces ₹20000 crore defence corridor for Bundelkhand