Australia to participate in UP Global Investor Summit 2023

Uttar Pradesh Global Investors Summit is scheduled to take place in Lucknow from 10 to 12 February 2023. While the summit is going to witness participation of delegates from all across the globe, Australia will be a key participant in the summit. 

Impressed by the excellent environment of ‘Ease of Doing Business’ and ‘Ease of Starting Business’ in Uttar Pradesh, a delegation of Australian investors met Chief Minister Yogi Adityanath on Friday. During the meeting, the delegation discussed the possibilities of investment in various sectors in Uttar Pradesh, as well as expressed enthusiasm for participation in the Global Investors Summit 2023.

In this meeting held in a congenial atmosphere, the Australian investor group discussed various sectoral policies of Uttar Pradesh and also expressed their enthusiasm to participate in GIS 2023.

The Chief Minister of Uttar Pradesh welcomed the delegation upon their arrival and expressed his pleasure that while a delegation from the state is in Germany discussing investment opportunities with industry leaders, investors, a group of industrial investors led by Australia's Deputy High Commissioner to India Sarah Storey is in the state capital for a firsthand look at the industrial environment.

The Chief Minister said, “With the aim of increasing the per capita income in the state, it is our endeavor that the country and the world can benefit from the immense business opportunities available in the state. This Investors Summit will prove to be useful in providing an integrated platform to the global industrial world to cooperate in economic development. The cooperation of Australian entrepreneurs/investors will be useful in taking this summit to new heights.”

As we know, Uttar Pradesh is the largest populated state in India with a population of about 25 crores. The fertile land here is the basis of the prosperity of this region. “We stand first in the production of food grains in India. Sugar and ethanol are mostly produced here. We are number one in the country in the production of various vegetables and fruits. Uttar Pradesh, blessed by nature and God, is today creating a new identity as the growth engine of India's economy,” noted CM Yogi.

The Chief Minister also highlighted that Uttar Pradesh is developing infrastructure at a rapid pace to ensure seamless connectivity through air, water, road and railroad networks, which will enhance the accessibility of logistics to enable industries to access global and domestic markets.

Giving information about the excellent connectivity available in the state, the Chief Minister said that with 07 functional and 06 under-construction expressways, Uttar Pradesh has the availability of world-class road connectivity as an 'expressway state'. These expressways provide seamless connectivity to manufacturing centers across the state. Uttar Pradesh is going to become the only state in the country to have 05 international airports. The country's first inland water-way is being developed here. The largest rail network is in Uttar Pradesh.

CM revealed that Uttar Pradesh is working on a plan to promote natural farming in the form of zero budget chemical-free farming. This will be a very useful effort in increasing the income of the farmers.

In UP, after agriculture, the MSME sector offers maximum employment here. “With the inspiration of the Prime Minister, we mapped the traditional enterprises of the state and made programs accordingly, so today more than 90 lakh MSME units are working, which have become the medium of employment for crores of youth. One district, One product is our innovative scheme. Each district has its own unique product and we are branding and marketing it. This scheme is proving to be of great help to us in increasing our exports,” said the CM.

The Chief Minister said that the government is working on several industrial projects in the state. Industrial development through policy driven governance by formulating around 25 policies to attract investment in various sectors including IT/ITeS, Data Centre, ESDM, Defence & Aerospace, Electric Vehicles, Warehousing & Logistics, Tourism, Textile, MSME, etc, several corrective steps have been taken in the direction of creating a climate friendly eco system.

UP’s COVID management model has also been appreciated by many global organizations including WHO. The Chief Minister said that Uttar Pradesh is an important centre of India's education and health. There are 79 universities with world class institutions like IITs and IIMs. There are 06 Agricultural Universities. Apart from 02 AIIMS, we are setting up medical colleges in every district. Better health facilities are available even in remote rural areas. There is also a suitable opportunity for investors in the education and health sectors. 

The UP government is working on several industrial projects in the state. One of the two Defence Industrial Corridors being established with the aim of making India self-sufficient in the field of defense production is being developed in Uttar Pradesh. Under this, 6 nodes, Agra, Aligarh, Kanpur, Lucknow, Jhansi and Chitrakoot are identified in Uttar Pradesh. Apart from this, there is immense investment potential in the service and hospitality sector as well.

The Chief Minister invited everyone to invest in the state, giving a proper solution to the various queries of the Australian team. He also said that the state government has been protecting the business interests of its investors. Our policies will be encouraging to the global world.