Prime Minister Narendra Modi today launched private projects totalling more than Rs 10 trillion at the groundbreaking ceremony (GBC) 4.0 in Lucknow.
These projects are expected to pave the way for UP becoming a $trillion economy and hasten the process of India attaining the $5 trillion economy status.
In his address, Modi said, “I have full faith in the power of UP and the double engine government. Every Indian is proud that UP has decided to become a $trillion economy.”
“Exports from UP have doubled… UP is the state with the highest number of expressways and international airports in India. The country’s first rapid rail runs here. A large network of Western and Eastern Dedicated Freight Corridors passes through UP. The river network is being used for cargo ships,” he added.
The PM pointed out that 7 years ago, such a favourable investment environment was unimaginable in UP because of crimes and riots. “Today investment is coming to UP. In the last seven years, a red carpet culture has replaced red tape culture.”
Referring to his recent visit to Qatar and UAE, Modi said every country is confident about India’s development. “The whole world is considering India as a guarantee of better returns.”
He said UP has the potential to become a global tourism hub. “This is a golden opportunity for industries related to tourism and hospitality sector. The upcoming Kumbh in 2025 will be vital for the economy of UP.”
The PM called upon entrepreneurs associated with food processing sector to take a pledge to make ‘Make in India’ products available on every dining table in the world, with special focus on the super food of millets.
“There is a good opportunity for investment in this super food. The government wants to make small farmers a big market force. As much as the farmer and the soil will benefit, the enterprises related to food processing will also benefit through its cultivation,” he added.