UP CM seeks investment in defence, aerospace

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Uttar Pradesh chief minister Yogi Adityanatah on Friday made a strong pitch for investments in aerospace and defence in the northern state of the country as he makes efforts to adopt a zero-crime tolerance policy, which would help in bringing investments.

Yogi Adityanath, investment, defence, aerospace, UP, India
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Adityanath, who was in Mumbai for a day, said that UP holds significant potential for industrial development and the government is making efforts to foster inclusive and sustainable growth. He was speaking at the Uttar Pradesh investors’ summit organised by the state and Confederation of Indian Industry (CII), reported TOI.

The CM emphasised that his government has been working to create a business-friendly environment in the state. In July, UP put in place a revamped industrial investment and employment policy to create jobs and boost the exchequer’s revenues.

Adityanath also met industry leaders like Mukesh Ambani, CMD, Reliance Industries; Ratan Tata, chairman emeritus, Tata Group; S N Subrahmanyan, MD & CEO, L&T; Pawan Goenka, MD, M&M; K K Modi, chairman, Modi Enterprises; Prakash and Ashok Hinduja of Hinduja Group; Subhash Chandra of Essel Group and Deepak Parekh, chairman, HDFC. The UP CM invited business leaders to explore opportunities as well as expand their business in the state.

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As far as attracting investments goes, UP doesn’t get much capital from companies like its peers Maharashtra and Tamil Nadu. This is because, among other factors, the northern state is considered notorious as far as law & order is concerned. The CM said that this has started to change and the state is moving towards a zero-crime tolerance policy, something which would aid investments.

 

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