UP will soon see Rs 3 lakh cr worth investment: CM

Uttar Pradesh will witness investment inflow of about Rs 3 lakh crore in three months following a successful investor summit that held in February, Chief Minister Yogi Adityanath said today.

"In the Investors Summit held in Lucknow on February 21-22, investors had signed MoUs worth Rs 4.68 lakh crore. Within three months, investments worth Rs 3 lakh crore will be visible. Work in this regard has started," the chief minister said during an event here.

"Prior to the Investors Summit, information pertaining to the possibility of the summit was sought from officials in November 2017. The officials had then suggested that the event be confined to UP citing that no investor from outside UP will turn up. On the topic that investments almost equivalent to the size of the state budget will come, people laughed. But, when an effort was made, there was success," he added.

The chief minister said that the state government has not only worked in the direction of inviting industrialists to establish their units, but also worked fast at the ground level.

"Before March 19, 2017 (when Yogi Adityanath assumed CM's office) as soon as the name of Uttar Pradesh was uttered, a picture of anarchy used to emerge. No industrialist was willing to invest in UP as there was no guarantee of any security," he said, and added that it is the outcome of one year of his government that industrialists now want to come here.

Union minister of state for civil aviation Jayant Sinha said, "It is our endeavour to build 20 airports in the state. With flights to Bareilly, Moradabad, Kanpur, Gorakhpur, Allahabad and other places, the momentum of development will speed up."