PM Narendra Modi to inaugurate 2-day Investors' Summit in Lucknow


Prime Minister Narendra Modi inaugurated the investors' summit 2018 on Wednesday in Lucknow, Uttar Pradesh. 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.

PM Modi said that the upcoming infrastructures project in the state will take Uttar Pradesh to new heights in the 21st century.

Prime Minister Narendra Modi along with Uttar Pradesh Chief Minister Yogi Adityanath at the Uttar Pradesh Investors' summit at IGP in Lucknow on Wednesday. He also added that the government is working on a new industrial policy.Dixon Technologies will invest Rs 500 crore to build a consumer electronics unit on a fifteen-acre land in Noida. "Previously, law-and-order was a matter of concern, but strong and major initiatives have improved the situation", he said, adding that the power scenario and work culture in the state were also conducive for investments.

The Prime Minister also said global airports will come up in Jewar and Kushinagar. For facilitating exporters, Irani suggested that the Uttar Pradesh government set up an "international warehousing centre" and said, "Handicrafts should also be associated with e-commerce, so that national and worldwide buyers can purchase them".

"So no one can stop the State from achieving its target of growth", he said.

"There is no dearth of resources and opportunities in UP", the prime minister said.

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"The PM also appreciated the One District-One Product (ODOP) policy of the Yogi government". He also made the announcement to open an IT centre in Varanasi.

"Tourism is a multiplier for growth".

The companies that assured investments over the next five years include Reliance Jio (Rs 10,000 crore), Adani group (Rs 35,000 crore), Aditya Birla Group (Rs 25,000 crore), Essel Group (Rs 18,750 crore) and Mahindra & Mahindra (Rs 200 crore).

Reliance Chairman Mukesh Ambani also stressed that Uttar Pradesh is "not rising, but racing ahead in development".

Adani Group Chairman Gautam Adani too spoke at the summit.

During his address, CM Adityanath said the path to India's development goes to Uttar Pradesh. "The development story of the country can not be written without the state", he added.