No Comments
Prime Minister Narendra Modi is poised to kickstart a significant economic initiative in Uttar Pradesh. Scheduled for Monday, the Ground Breaking Ceremony (GBC 4.0) will witness the inauguration of 14,000 projects with a combined worth exceeding Rs 10 lakh crore.
Global Investors Summit in Lucknow
Coinciding with these economic initiatives, Uttar Pradesh is hosting a Global Investors Summit from February 19 to 21 at the Indira Gandhi Pratishthan in Lucknow. This summit aims to attract both domestic and international investors, showcasing the state’s potential for investment and growth opportunities. Notably, the Ground-breaking Ceremony (GBC) 4.0, a pivotal component of this event, will be graced by the presence of Prime Minister Modi and Chief Minister Yogi Adityanath.
Foundation Stone Laying of Shri Kalki Dham Temple
A significant highlight of the day will be the laying of the foundation stone for the Shri Kalki Dham Temple in Sambhal district by Prime Minister Modi. This symbolic gesture underscores the government’s commitment to cultural and religious endeavors, with the temple construction overseen by the Shri Kalki Dham Nirman Trust, led by Acharya Pramod Krishnam. The event is expected to draw numerous saints, religious leaders, and dignitaries.
Launch of 14,000 Projects
Following the temple ceremony, at approximately 1:45 pm, Prime Minister Modi will inaugurate the staggering array of projects across Uttar Pradesh. These projects, totaling 14,537, represent a diverse range of sectors and industries, with investments surpassing Rs. 10 lakh crore. The investments stem from proposals received during the UP Global Investors Summit 2023, demonstrating the tangible outcomes of such summits in driving economic progress.
Economic Implications and Job Generation
The implementation of these projects is poised to generate a substantial economic boost for Uttar Pradesh. With more than 34 lakh jobs anticipated to be created as a result, the initiative holds significant promise for addressing unemployment and fostering economic growth in the state.
The projects encompass various investment scales, catering to both large-scale industries and smaller enterprises, thereby ensuring inclusive development across the region.
Participation and Sectoral Focus
The ground-breaking ceremony will witness the participation of approximately 5,000 individuals, including industrialists, and global and Indian firm representatives, as well as ambassadors and high commissioners. Moreover, the UP Global Investors Summit will include specialized sessions concentrating on vital sectors like artificial intelligence (AI), foreign direct investment (FDI), and corporate social responsibility (CSR).
The objective of these sessions is to enable direct interaction with stakeholders, promote cooperation, and share knowledge for mutual advantage.
Regional Impact and Investment Projections
The economic impact of these initiatives extends beyond the capital city, with various districts poised to receive substantial investments. For instance, Mathura anticipates the establishment of approximately 3,500 industrial units with an investment of Rs. 6,660 crore, while Bulandshahr, Amethi, Meerut, Gautam Buddh Nagar, and Aligarh are projected to receive significant investments in their respective sectors.
These developments underscore the decentralized approach adopted by the government to ensure balanced regional growth and development.
As Uttar Pradesh prepares to embark on this transformative journey of economic revitalization, the ground-breaking ceremony and the Global Investors Summit serve as catalysts for progress and prosperity.
Also read: PM Modi delights in successful talks with Qatar Counterpart
With Prime Minister Modi’s vision and Chief Minister Yogi Adityanath’s leadership, these initiatives signify a concerted effort towards realizing Uttar Pradesh’s immense potential and cementing its position as a key driver of India’s economic resurgence.
