UP GETS WORKING TO BE INDIA'S 'GROWTH ENGINE'
Business Standard|November 29, 2024
A transformation is underway in the state, where investments, infrastructure, and innovation converge to redefine its economic future
UP GETS WORKING TO BE INDIA'S 'GROWTH ENGINE'

In the past seven and a half years, ever since the Yogi Adityanath government took office in mid-March 2017, Uttar Pradesh (UP) has seen multi-faceted development. It attracted investment proposals worth 40 trillion in 2023, and its focus has been not only on constructing the country's largest network of expressways, the most airports in any state, improving its power supply, and its ease of doing business (EODB) ranking, but also on providing technological solutions and export incentives to its micro, small, and medium enterprises (MSMEs), especially those associated with traditional crafts, and promoting cultural tourism.

In his address at the recent Business Standard Samriddhi round table in Lucknow, Uttar Pradesh Chief Minister (CM) Yogi Adityanath said the state's rapid cultural, economic, and industrial growth since 2017 had been driven by its zero tolerance towards crime.

Adityanath, UP's longest-serving CM, detailed his government's efforts to improve the investment climate and said it was the only way to provide jobs. He said the investment proposals of 40 trillion would create 15 million jobs for the state's youth. He elaborated on how his government had supported traditional MSMEs, such as Moradabad's brass industry, Firozabad's glass industry, Bhadohi's carpet manufacturers, and the state's farm sector.

In his nearly hour-long speech at the event, the CM said that his government had "ruthlessly" crushed mafia groups and that rioters now knew their actions would have consequences. "From the lawlessness of 'one district, one mafia' during the rule of the previous governments, the state has transitioned to 'one district, one product (ODOP)," the CM said, adding that the crackdown on land mafias by the anti-land mafia squad had now freed 64,000 hectares of land.

State budget growing

This story is from the November 29, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 29, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

EAM: Committed to fair plan on boundary issue with China

India remains committed to engaging with China to arrive at a fair and mutually acceptable framework for boundary settlement.

time-read
1 min  |
December 04, 2024
Business Standard

Buy on dips, temper return expectations after strong runup

Goldman Sachs expects gold to reach $3,150 per ounce in the international market by December 2025, up around 19.1 percent from its current level of $2,645, according to a recent report in Business Standard.

time-read
2 mins  |
December 04, 2024
Business Standard

Sebi directs Trafiksol to refund investors' money within a week

The Securities and Exchange Board of India (Sebi) on Tuesday directed Trafiksol ITS Technologies to refund the money paid by investors who had been allotted shares in the initial public offering (IPO).

time-read
1 min  |
December 04, 2024
APSEZ to ride volume, market-share wave
Business Standard

APSEZ to ride volume, market-share wave

Port operator aims to double its volumes to 1 billion tonnes by 2029

time-read
2 mins  |
December 04, 2024
Business Standard

Godrej Properties raises ₹6K cr via QIP

Godrej Properties has raised ₹6,000 crore through a qualified institutional placement (QIP), making it the largest such fundraise by a real estate company in India.

time-read
1 min  |
December 04, 2024
Business Standard

SBI MF launches multi-factor quant fund

SBI Mutual Fund (MF) on Tuesday announced the launch of SBI Quant Fund, which will take a multi-factor investment approach to allocate across the four 'style' baskets, which are momentum, value, quality, and growth.

time-read
1 min  |
December 04, 2024
Business Standard

Sebi for online monitoring of stockbrokers' system audit

Market regulator Securities and Exchange Board of India (Sebi) on Tuesday proposed online monitoring of stockbrokers' system audit by the stock exchanges.

time-read
1 min  |
December 04, 2024
Better execution needed to justify valuation for NTPC Green Energy
Business Standard

Better execution needed to justify valuation for NTPC Green Energy

NTPC Green Energy (NGEL) has gained over 30 per cent since its initial public offering (IPO) was launched at ₹108 a few days ago.

time-read
2 mins  |
December 04, 2024
Markets extend winning streak to 3rd day
Business Standard

Markets extend winning streak to 3rd day

The benchmark Sensex and the Nifty rose for a third straight trading session on Tuesday—the longest gaining streak since September—buoyed by gains in HDFC Bank and Reliance Industries, the two highest-weighted stocks.

time-read
1 min  |
December 04, 2024
India's mcap-to-GDP ratio third-highest despite correction
Business Standard

India's mcap-to-GDP ratio third-highest despite correction

The ratio of market capitalisation to gross domestic product (GDP) in India remains elevated despite the recent correction in the equities markets.

time-read
2 mins  |
December 04, 2024