With fresh investment, UP will surpass Brazil's economy soon, says Akhilesh Yadav
With fresh investment, UP will surpass Brazil's economy soon, says Akhilesh Yadav
In a bid to attract private sector investments from across the globe and create jobs in the state, Uttar Pradesh Chief Minister Akhilesh Yadav on Thursday said that with fresh investments, his state will surpass Brazil's economy in no time.

In a bid to attract private sector investments from across the globe and create jobs in the state, Uttar Pradesh Chief Minister Akhilesh Yadav on Thursday said that with fresh investments, his state will surpass Brazil's economy in no time.

His comments came during 'Investors' Conclave' where top global and Indian investors from across several sectors engaged with the Uttar Pradesh government in the national capital on Thursday.

While listing UP's achievements, Akhilesh Yadav said," With fresh investment, UP will overtake Brazil. We welcome investors and we are working hard in all sectors. We want to increase investment in UP."

UP Chief Secretary Alok Ranjan, on Wednesday, said that although the state is an agriculture-based economy - presently 68 per cent people are involved in it - employment generation through industry will help increase people's income level as well as the quality of life.

He said top officials from around 150 industries are expected to participate in the conclave in which UP Chief Minister Akhilesh Yadav will also be present.

Ambassadors of seven countries - including Canada, Germany, Italy, Taiwan, Turkey and Netherlands - participated and brought representatives of their country's industry.

"The Investor conclave is expected to achieve several objectives for the state government and will be a means to reinforce UP's strength in terms of growing consumption power, skilled manpower, world-class industrial infrastructure and responsive policy environment," Mr Ranjan had told reporters.

He said that the government had made a new industrial policy which was declared in January 2013 and also declared other specific policies like those for the food processing sector, sugar, poultry, IT and solar energy.

"So the UP government has made a policy framework and now we are going to the investors with that framework. This is the idea behind the conclave," he said.

"Already many companies are ready to sign MoU with UP. On a conservative basis, I can say that companies are ready to sign MoUs worth Rs. 25,000 crore," he said.

UP has planned to organise a series of national as well as international investor conclaves leading to the Global Investors Summit in 2015. 

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