Global Investors Summit 2023: The Global Investors Summit is going to play an important role in removing the regional industrial economic disparity of UP. Manufacturing sector has the biggest share in the 23 lakh crore domestic foreign investment proposals that came before the summit. With their implementation, Bundelkhand and Purvanchal will become big industrial centers in the near future. Also, in terms of exports, this part of the state will compete with western and central UP.
The investment proposals coming in the Global Investors Summit are ready to be put on the ground in a year to two years. That is, commercial production will start from 2025 in large investment projects. Some companies may start production even earlier. Deloitte Company has given several major sector-wise recommendations to the UP government. It has been said that UP should lay special emphasis on the manufacturing sector. There is a need to focus on other sectors for exports.
50 percent exports in UP from only two districts The report, while discussing the present situation of exports in UP, has pointed out the regional disparity. It has been said in this that at present the share of Western UP in total exports from UP is 78 percent, Central UP 10 percent, Purvanchal 12 percent and Bundelkhand 0.20 percent. 50 percent of UP’s exports are from only two districts Gautam Buddha Nagar and Noida. 45 percent of the population of UP comes from Purvanchal and Bundelkhand.
Need to increase exports At present, 50 percent of UP’s exports are through construction, food processing, textile, metal and machinery and leather products. It has been said in the report that at present the share of exports from UP in chemicals, automotive, wood furniture, rubber plastic, paper, pharma, toys, gems, sports goods etc. is between 1.1 percent to 0.1 percent. It is necessary to increase it further.
UP will be better if these recommendations are implemented, then in the year 2028, the share of Bundelkhand in exports will be 5 percent. Similarly, Central UP will increase from 14 to 28 percent. Purvanchal will increase from 9 percent to 16 percent.
Cooperative bank will give loan to ethanol investors
The UP Cooperative Bank (UPCB) will give loans to investors setting up industries to make ethanol in the state through the Global Investors Summit. The bank has made arrangements of Rs 770 crore for this at present.
IAS and IPS leave canceled till 12th
In view of the Global Summit, the state government has canceled the leave of officers of this level including IAS, IPS, PCS, PPS till February 12. Instructions have been sent to all the heads of departments in this regard on behalf of the Chief Secretary.
Capital investment will also be done in the field of spirituality in UP
Sri Sri Ravi Shankar Vidya Mandir Trust, an international organization Art of Living, has been invited by the Uttar Pradesh government to invest in the state through its Global Investors Summit 2023.
The trust, established under the guidance of spiritual guru Sri Sri Ravi Shankar, has been providing quality education for over 25 years and has over 100 schools across the country. Commodore HG Harsha, Chairman of the Sri Sri Ravi Shankar Vidya Trust, expressed his excitement at the prospect of setting up two universities and several schools in Uttar Pradesh. The universities will be set up with an investment of Rs 400 crore, the first of which will be located in the Devipatan area. The trust will start with setting up five schools in the state with an investment of 100 crores.