The Uttar Pradesh investors’ summit
Two industrial corridors were proposed in the National budget and one of them will be built in the Bundelkhand. A whopping RS 200 billion (Indian currency) as investment is expected there, and in addition, 250,000 jobs will be created. This was an announcement of the Prime Minister himself at the Uttar Pradesh investors’ summit on Wednesday.
Two days earlier, Modi inaugurated the mega summit in the presence of the National Home Minister, the State Chief Minister along with several top industrialists and foreign delegates.
Prime Minister Narendra Modi said the corridor would open up development in the state of Uttar Pradesh by linking the Agra, Aligarh, Jhansi and Chitrakoot belts.
“UP has the potential of becoming the growth engine of the country with rich natural resources and vast manpower with more than 66% youth, but unfortunately there was an atmosphere of fear and insecurity which discouraged investors from coming to the state,” Modi said.
An investment of Rs 42.8 trillion have already been signed between investors and Uttar Pradesh government at the summit.
Modi also said the Poorvanchal and Bundelkhand expressways would transform the economy of the two regions as farmers and traders would get national and international connectivity.