During the ‘Invest UP Mega Road Show’ in Singapore, Chief Minister Yogi Adityanath presented the roadmap of 1 trillion dollar economy, describing the Triple S model as a guarantee of investment. Emphasis was laid on Singapore City, MOU and infrastructure expansion in Jewar.
Singapore/Lucknow. In the ‘Invest UP Mega Road Show’ organized on the second day of his visit to Singapore, Chief Minister Yogi Adityanath described Uttar Pradesh’s ‘Triple S’ model – Safety, Stability and Speed as the biggest guarantee of investment. He said that the state has now become not only a land of possibilities but also a land of performance.
The Chief Minister said that in the last 9 years the state has provided a strong security environment. Also, a new model of development has been presented by combining scale with skill and speed. With technology and trust, Uttar Pradesh has played a leading role in the transformation of India. He expressed confidence that UP will take decisive steps towards becoming a $1 trillion economy in the next three to four years.
Plan to develop ‘Singapore City’ near Jewar
The Chief Minister announced that a dedicated “Singapore City” has been planned to be developed near Noida International Airport, Jewar. If investors from Singapore want to come to the NCR region, then the concept of a specially planned city is being worked on for them. Land has been arranged around the Yamuna Expressway to take full advantage of airport connectivity, logistics and world-class infrastructure. The Chief Minister assured that investment in Uttar Pradesh will be completely safe and profitable.
Discussions with top companies including GIC, Temasek and Blackstone
The Chief Minister said that during his visit to Singapore, detailed discussions were held with the chairman and CEOs of major companies like GIC, Temasek, SATS, GSS Greens and Blackstone. He said that several fruitful meetings were held with the Singapore industry. It is heartening to see that every industry leader today is looking at Uttar Pradesh as a dream destination for investment in India. UP has now become the growth engine of the country’s economy and the safest investment destination.
From Potential to Performance: Economic Progress of UP
The Chief Minister said that the same vision of development that India achieved under the leadership of Prime Minister Narendra Modi was implemented in Uttar Pradesh. The state has completed a successful journey from ‘Land of Potential’ to ‘Land of Performance’. In the last 9 years, the GSDP of UP is going to increase from Rs 13 lakh crore to about Rs 36 lakh crore. Per capita income has increased almost three times and UP’s contribution to India’s economy is about 9.5 percent. The state is first in de-regulation ranking, top achiever in ease of doing business and leader in de-criminalization. 99 percent criminal provisions have been abolished. UP has been a revenue surplus state for the last five years.
Strong infrastructure and 75,000 acre land bank
The Chief Minister said that a land bank of 75,000 acres is available around the expressway, airport and dedicated freight corridor. Uttar Pradesh has 55 percent of India’s total expressways. The 16,000 km long railway network in the state, metro in 7 cities, 16 airports (4 international) and the soon to be opened Noida International Airport strengthen the connectivity.
National Waterway also operates from Varanasi to Haldia. The number of factories has increased from 14,000 to more than 31,000 in the last 9 years. Despite having 11 percent agricultural land of the country, more than 21 percent of food grains are produced in UP, hence it is called ‘Food Basket of India’.
Skilled manpower and strength of MSME
The Chief Minister said that investment is easy in UP because trained manpower is available here. Of the 25 crore population, more than 56 percent is working population. There are more than 96 lakh MSME units operating in the state, which are providing employment to more than 3 crore people. Skill development, labor reforms and startup ecosystem have been strengthened.
Single Window System and Transparent Policies
The Chief Minister said that the facility of single window clearance, time-bound approval and online DBT incentive is being provided through ‘Nivesh Mitra’, ‘Nivesh Sarathi’ and ‘Udyami Mitra’ portals. More than 34 sectoral policies are in force. A special policy has been made for FDI and Fortune-500 companies. 27 industrial clusters are being developed along the expressway.
Exchange of MOUs with international companies
During the programme, the Chief Minister exchanged MoUs with many international companies. Integrated Waste Management Project with Blue Planet, AC Aviation Pvt. Ltd. MRO and helicopter parts manufacturing, Gayatri Chain with FNB & Associates in catering and hospitality, KLK Ventures in solar panel manufacturing and Ishtara Jewelery and Maestro Productions in jewelery and media production sectors. Companies such as Sembcorp, SICCI and Mapletree also submitted investment proposals.