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UP Investors Summit begins: Quotes of top business leaders from the event

Mohit Mohanan | Updated on: 21 February 2018, 14:41 IST

It is the Prime Minister Narendra Modi who inaugurated the two-day ‘UP Investors Summit’ today that aims to change the shape of the country’s most populated state Uttar Pradesh and to make it an investor-friendly destination.

Apart from Prime Minister, Reliance Industries Chairman Mukesh Ambani also gathered at the summit including Gautam Adani of Adani Group, Subhash Chandra of Essel Group, Kumar Mangalam Birla of Aditya Birla Group, Anand Mahindra Chairman Mahindra & Mahindra, Chairman of Cadila Healthcare Pankaj Patel , Shobhana Kamini of Apollo Hospital, Rashesh Shah Chief Executive Officer of Edelweiss Capital, along with Tata Sons Chairman Natarajan Chandrasekaran also arrived at the summit.

PM Modi has stated that the Uttar Pradesh government is the "Number One" in the production in milk, sugar cane and potato. He said that 70 per cent of the population of Uttar Pradesh is of working age, and the state has got a lot of "potential". He added, saying that potential, policy and planning will bring "progress" to the state.

Uttar Pradesh Chief Minister Yogi Adityanath presents memento to Prime Minister Narendra Modi at UP Investors' Summit 2018.

The Summit is also a first such event by the Yogi Adityanath government, which focussed on showcasing investment opportunities and potential across various sectors in in the state. President Ram Nath Kovind is expected to attend the valedictory function on the second day.

The mega event is being organised to bring together heads of states and governments, ministers, leaders from the corporate world, senior policymakers, heads of international institutions and academicians from around the world to further the cause of economic development in the state and promote cooperation to pave way for better investments, according to an official statement.

More than 5,000 delegates are scheduled to attend the two-day summit and over 100 speakers will be addressing gatherings.

Here are the most important announcements from these leaders at the summit.

"PM Modi wants to make Uttar Pradesh Uttam Pradesh,". He has never seen a state capital decked so well for an investors summit. The state is not only rising but racing ahead". - Reliance Industries Chairman Mukesh Ambani

“Uttar Pradesh is special for me. We will make available over 2crore Jio phones in the state in the next few months on a priority basis. Reliance will be a reliable partner for the people and the government of Uttar Pradesh. We have already created employment opportunities in the state and wish to carry it forward. River Ganga is essential for us and the Namami Ganga project is gaining momentum. We would like to take part in the initiative”, Ambani added.

“India's GDP will triple in the next few years and the country is being spotted as the most reliable investment option for the globe. This was very visible in the WEF summit held at Davos. There is a change in the global image of the country because of the PMs efforts.India cannot grow without UP. Yogi Adityanath's leadership is attracting new investments in the state”, said Adani at the summit.

"Uttar Pradesh has been one of Birla's favorite investment destinations. Congratulate CM Yogi Adityanath for UP being the 7th most favourable investment state in the country." said Kumar Mangalam Birla, chairman of Birla Group.

“Two key factors will drive the growth of UP. One is the investment-friendly government and the other is the availability of the human resources. UP is a land of opportunities. The rate of economic growth of the state is 10.5%. The state also has close proximity with the NCR, giving it an edge over the other states. We are the largest private-based investors in the state. UP will become Aditya Birla's highest investment state. Plans to invest 25,000 crores in the state in the next few years. We will continue to participate in the growth of the state and will be partners in developing the vision of New India”: Kumar Mangalam added.

The mega event is being organised to bring together heads of states and governments, ministers, leaders from the corporate world, senior policymakers, heads of international institutions and academicians to further the cause of economic development in the state.

“UP has the largest population, strong rail network. The size of the state makes it a country itself. This is why UP should compete with other countries, not states. The targets should be set high for such a vast territory. The size of your state gives a vast advantage and have the best chance for expansion”, said Anand Mahindra, Chairman of Mahindra & Mahindra.

“It is a great privilege to be here. The growth of UP will ensure that India reaches its ambition set by PM Modi. TATA has a holistic presence in the state. TATA motors, TCS are present in the state. Want to participate in the growth of the state in multiple sectors including real estate, infrastructure and digital. TCS will continue to make it presence in Lucknow very strong. TCS will also soon operate in Varanasi”, says N Chandrasekharan from TATA group.

N Chandrasekaran of to build a new campus for 30,000 people in the state. Also announces to open an IT centre in Varanasi.

“Skill India, digital India and other schemes are being harnassed in the state. UP is the answer that the investors are looking for when they wish to invest the money. The state has a lot of potential in the dairy and agrarian sector. The manpower in the state is also very important. The state government has also taken efforts to ensure the safety of the investors. FICCI has had many projects in the state and we are glad that you consulted business leaders including us while drafting the investment policy. A lot is in the pipeline for the state”, said Rashesh Shah, FICCI president while addressing the summit.

“Due to the leadership of PM Modi, the UP is reaching the new heights of development. Extend welcome to the Prime Minister. PM always says that there can be no alternative to development. The growth of country can happen only when coupled with that of UP. The focus sector of the summit includes handloom, dairy, MSE, IT, start-ups, electronics, tourism and films”, said CM Yogi Adityanath.

“I am glad that UP is benefitting from the smart cities initiative of the Central Government. We want to create systems where traditional and modern industries can grow and create opportunities for the state's youth. Uttar Pradesh is devoting significant efforts towards improving the business atmosphere: Yogi Adityanath added.

Read Also:  PM Modi inaugurates UP Investors' Summit 2018

First published: 21 February 2018, 14:12 IST