India will prosper more with prosperity of UP: Prez

Lucknow President Droupadi Murmu on Sunday said if Uttar Pradesh becomes more prosperous, India would also be more prosperous while underlining the fact that political stability and continuity of administration prove very helpful for investors.
While addressing the valedictory session of UP Global Investors Summit here, the President said present UP has a stable and decision-making government.
Speaking on the occasion, the President said that she was happy that her visit to Uttar Pradesh is taking place on the occasion of this great festival of development of the state. She said the UP government has envisioned far-sighted policies and implemented those.
She said as a result, UP is capable and ready to play the role of growth engine of New India. She said through this Summit, an investment of about rupees 35.5 lakh crore is estimated in UP which is expected to provide employment opportunities to lakhs of people.
The President said apart from being the largest state of the country in terms of population, UP ranks first in India in many areas in terms of contribution to the country’s economy. “UP ranks first in India in total production of food grains, including wheat. It also ranks first in the country in the production of sugarcane and potatoes. In the production of mango and peas also, this state contributes the most. Similarly, UP is the leader in milk production. Being rich in agricultural products, UP has a lot of potential for agro-based enterprises,” she said.
She noted that UP has about 95 lakh MSMEs which is the highest number of MSMEs in the country. She said apart from being the backbone of the country’s industries, MSMEs also provide the largest number of employment opportunities after the agriculture sector.
The President expressed confidence that the MSME sector of UP will play a major role in the economic development of India. She said it is a matter of happiness that in achieving the goal of making India a five trillion dollar economy, UP has resolved to make the state a one trillion dollar economy.
She noted that infrastructure is being developed very fast in UP. She said India’s self-reliance in defence would get a boost by the development of defence corridor in UP. This would also bring investment and generate employment, she said.
The President noted that several efforts are being made by the UP government to maintain a balance between development and environment. “Efforts such as development of Renewable Energy, Green Energy Corridors, and energy transition under the National Green Hydrogen Mission would help India in achieving the target of Net Zero emission,” she said.
She said in the growing investment climate, the culture of self-employment gets a boost. She noted that efforts are being made for the start-up revolution in UP and expressed confidence that the state would also have a leading position in the field of self-employment by these efforts.
The President appreciated the efforts to make UP a preferred investment destination. She expressed confidence that UP would gain global fame as the ‘best investment state’.

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