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UP govt trying to remove regional disparities: Yogi

Chief minister Yogi Adityanath said his government was trying to do away with regional disparities in Uttar Pradesh by seeking investments for all the regions in order to achieve balanced economic growth.

lucknow Updated: Jul 30, 2018 14:39 IST
Brajendra K Parashar
Brajendra K Parashar
Hindustan Times, Lucknow
UP government,Uttar Pradesh,Regional disparity
The chief minister quoted region-wise figures on the over Rs 60,000 core investment that will be made in various projects, the foundation stones for which were laid during the groundbreaking ceremony in Lucknow.(Subhankar Chakraborty/HT Photo)

Chief minister Yogi Adityanath on Sunday said his government was trying to do away with regional disparities in Uttar Pradesh by seeking investments for all the regions in order to achieve balanced economic growth.

Speaking at the groundbreaking ceremony here, he said there had been a practice in the state earlier to set up industries in a certain region, but his government tried to reverse that situation.

The chief minister quoted region-wise figures on the over Rs 60,000 core investment that will be made in various projects, the foundation stones for which were laid during the groundbreaking ceremony. Adityanath said while 51% of the total investment would be made in Paschimanchal (western UP, Dakshinanchal, including Bundelkhand, and Purvanchal would also get 27% and 22% investments respectively.

He said 36% of the total investment will be made in heavy industry, 17% in food processing, 11% in IT, 8% in housing, 6.2% in micro, small and medium enterprises and 4% in animal husbandry. He thanked the entrepreneurs for showing their interest in making investment in all the regions and various sectors.

The chief minister claimed the proposed Purvanchal and the Bundelkhand expressways, will go a long way in restoring the regional balance in the economic development of UP.

He said his government had been able to convert mere intent into actual investment worth more than Rs 60,000 crore in a short period of five months since MoUs were signed during the two-day Investors’ Summit in February.

He said projects worth Rs 50,000 crore were in the pipeline and would materialise very soon These are in addition to the projects worth Rs 60,000 crore, the foundation stone of which was laid on Sunday.

“Compared to our achievement in just one year, the BSP government could bring only Rs 57,000 crore investment during its full five-year rule, while the SP ended up bringing merely Rs 50,000 crore investment for the state in five years,” Adityanath said.

He said there was a time prior to March 2017 when all big industries, including Samsung , LG and TCS , were all eager to leave UP but today they were not only not willing to stay but were also expanding their business in the state. This had been possible because of his government having created a new investment climate in terms of the ease of doing business, he said.

The CM assured investors of his government’s commitment to their security through a better law and order situation. He said his government had already decided to set up special police force and trained officers in the industrial areas.

Looking towards Prime Minister Narendra Modi who attended the event as the chief guest, Adityanath said he believed UP would emerge as the country’s best investment destination and function as its growth engine in the years to come. He also urged everyone to participate in the 50-day mega religious event, Kumbh Mela, scheduled to be organised in Allahabad from January 2019.

First Published: Jul 30, 2018 14:39 IST