PM announces Rs 20,000 cr defence corridor for Bundelkhand region

RSTV Bureau
 Prime Minister Narendra Modi with Union Home Minister Rajnath Singh, Chief Minister of Uttar Pradesh Yogi Adityanath and Uttar Pradesh Governor Ram Naik, inaugurate the Investors Summit 2018 in Lucknow


Prime Minister Narendra Modi with Union Home Minister Rajnath Singh, Chief Minister of Uttar Pradesh Yogi Adityanath and Uttar Pradesh Governor Ram Naik, inaugurate the Investors Summit 2018 in Lucknow

Prime Minister Narendra Modi inaugurated the two-day Uttar Pradesh Investors Summit 2018 along with chief minister Yogi Adityanath in Lucknow on Wednesday. Speaking at the event, Narendra Modi announced construction of a defence industrial corridor in the Bundelkhand region.

“One of the two defence industrial corridors mentioned in the budget, one is proposed in the  Bundelkhand region of the state which will bring an investment of Rs 20,000 crore and generate employment avenues for 2.5 lakh people,” the Prime Minister said at the summit in Lucknow.

Stressing that Uttar Pradesh government has a vast potential, the Prime Minister said that it requires policy, planning , performance to bring progress and both Chief Minister Yogi Adityanath and people of the state are ready to give “super hit” performance.

Terming holding of investor’s 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.

“Uttar Pradesh has values and virtues, but it also needs value addition,” the Prime Minister said lauding the new policy ‘One district one product’ of the Yogi government and said that it could prove to be the game changer for the state.

Leading industrialists, 18 union ministers and a number of foreign delegations are attending the summit which showcases investment opportunities and potential across various sectors in Uttar Pradesh. President Ram Nath Kovind will attend the valedictory function on day two.

According to an official statement, the mega event is being organised to bring together heads of states and governments, ministers, leaders from the corporate world, senior policy makers, heads of international institutions and academicians from around the world to further the cause of economic development in the state and promote cooperation to pave way for better investments.

Reliance Industries President Mukesh Ambani promised investment of another Rs 10,000 crore through his digital venture-Jio in the next three years and called contribution to Uttar Pradesh’s development his patriotic duty. Speaking at the summit, Ambani said the investment will be over and above the Rs 20,000 crore Jio has already invested in the state in rolling out high-speed 4G telecom venture.

“Jio has already created over 40 thousand direct and indirect jobs in UP. Along with other businesses of RIL , Jio will create over one lakh new and sustainable livelihood opportunities in the next three years,” Ambani said.

He also vowed full support to the ‘Namami Gange’ project.

“I have a commitment- the Clean Ganga Mission is gathering momentum, we at Reliance Foundation would deem it as our pious duty to contribute to the success of this mission and are ready to execute whatever part of the project is assigned to us,” he said in the presence of Prime Minister Narendra Modi.

More than 5,000 delegates are scheduled to attend the two-day summit and over 100 speakers will be addressing gatherings.

On Tuesday, Chief Minister Yogi Adityanath hosted a number of national and international delegates for dinner and urged them to invest in his state.

The guest list at the dinner included former Mauritius President and Prime Minister Anerood Jugnauth and his wife Sarojini, ambassadors of The Netherlands, Czech and Finland, delegates from Japan and Thailand, Mahindra group chairman Anand Mahindra and Dr Naresh Trehan.

“Uttar Pradesh is a state of possibilities. Invest here. The government is ready to provide all opportunities to you,” he said.

(With inputs from PTI)