Yogi Adityanath to campaign for UP Investors' Summit in Mumbai tomorrow

Uttar Pradesh chief minister Yogi Adityanath, who is now among the Bharatiya Janata Party’s star campaigners, is set to unleash his charm offensive in India’s financial capital Mumbai, tomorrow.

Yogi would meet a galaxy of top industrialists and industry captains in Mumbai in run up to the UP Investors’ Summit to be held in Lucknow on February 21-22, 2018. As a prelude, the state government is organising road shows at 6 top cities to build momentum for the high ticket event.

In Mumbai leg of the road show, Yogi would lead Team UP and interact with the likes of Mukesh Ambani (Reliance Group), Ratan Tata (Tata Group), Subhash Chandra (Essel), Ashok Hinduja (Hinduja Group), Shekhar Bajaj, Arvind Lalbhai (Arvind Mills), Sudhir Mehta (Torrent), Madhusudan Agrawal (Ajanta Pharma), N Chandrashekharan (Tata Sons) Pawan Goenka (Mahendra & Mahendra), Deepak Parekh (HDFC) etc.

Yogi would be accompanied by UP industrial development minister Satish Mahana and top bureaucrats at the road show in a Mumbai hotel. Similar road shows have already been held at New Delhi, Hyderabad and Bengaluru, however, this would be the first time that Yogi would himself be present to talk to the industrialists.

Prime Minister Narendra Modi is likely to inaugurate the summit next year, which is projected to get private investment of Rs 1,00,000 crore to UP across various sectors.

So far, the Yogi government has announced fresh policies in sectors, including industry, food processing, IT policy etc to indicate its eagerness to create a pro-business environment. More policies are in the pipeline.

About 5,000 investors, industrialists, businessmen and industry stakeholders are expected to congregate in the mega event from across India and the world. Besides, ambassadors of several countries are likely to arrive during the two day event.

This is the first such mega event to be held in the state capital, since investors’ summits were earlier held at Agra under the previous Akhilesh Yadav regime. Three partner countries viz. Netherlands, Mauritius and Finland would also participate in the summit.

Besides, the state government is identifying land in each of the 75 UP districts for setting up industrial units and allocating them to investors on demand.

The Yogi government would showcase UP as ideal destination for defence manufacturing. India is projected to incur 250 billion dollars on defence procurement over the next decade. Modi wants India to shed the tag of the world's largest arms importer by encouraging foreign firms to collaborate with Indian players and manufacture defence wares in the country itself with a related policy already rolled out.

During Mayawati and Akhilesh Yadav regimes, MoUs worth over Rs 50,000 crore were signed, however, most proposals never took off due to sloppy follow ups, policy flip flops and perception of bad law and order in the state.