PM’s reassurance will allay industries’ concerns


Team Udayavani, Jul 30, 2018, 4:57 PM IST

Lucknow: Prime Minister Narendra Modi’s reassurance to the industry will not only allay industries’ concerns but also help in the country’s inclusive and sustained growth, according to industry body Assocham. 

“The prime minister’s reassurance to the corporate sector will boost confidence and allay industries’ concerns. This will go a long way in achieving the common desire of inclusive and sustainable growth,” Assocham president Sandeep Jajodia on Monday said.

“Engagement with industry will pave the way for large investments in diversified sectors, spur job creation, promote rapid industrialisation and infrastructure development in Uttar Pradesh,” he said in a statement. 

His remarks came a day after the prime minister reached out to the business community at an event here, looking to reassure industrialists that they have a significant role to play in nation building. 

The Assocham president also suggested the UP government to form an inter-ministerial committee to take stock of the progress in investment proposals attracted by the state in investors’ summit held earlier this year. 

“A task force may be constituted to review the status of implementation of the investment projects as actual benefits of an investment are only derived upon completion,” he said. 

Such an initiative would further repose business community’s trust in the government and help the state in attracting private investors, he said. 

Assocham also suggested Yogi Adityanath government conduct countrywide road shows to draw a large pool of investments and simultaneously keep monitoring on-ground implementation of investment projects to create employment opportunities for the youth of the state.

“The state government should further strive to improve the industrial and business ecosystem to come on a par with states like Gujarat, Odisha, Maharashtra and others,” said the Assocham president. 

The prime minister yesterday launched 81 investment projects worth over Rs 60,000 crore for Uttar Pradesh at a mega ground-breaking event. The projects are expected to give a big boost to industrialisation in the state besides creating over two lakh new jobs.

The mega groundbreaking event, which Modi described as a “record-breaking event”, came after an ‘Investors Summit’ in February this year. 

Speaking at the event, attended by captains of the industry, Adityanath said that besides Rs 60,000 crore investment on the ground, Uttar Pradesh has got projects worth over Rs 50,000 crore in the pipeline. 

“Five months ago, we had signed MoUs worth Rs 4.68 lakh crore during the investors’ summit in presence of the Prime Minister. We have got more than Rs 60,000 crore investment on the ground during a short period, which is important for UP. Investments worth approximately Rs.50,000 crore are in the pipeline, which too would be started soon, he said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Madikeri: Woman tourist dies after gas leak at unregistered homestay

Japan’s Princess Mako marries commoner, loses royal status

Actively participate in Covid vaccination for kids when it begins: Centre to panchayat leaders

Maha: Man fakes his death, kills mentally unstable villager to claim USD 5 million insurance

Sameer Wankhede’s father says his name is Dnyandev not Dawood, slams Nawab Malik

Amit Shah spends night at CRPF camp in Pulwama; says will see a peaceful J&K ‘in our lifetime’

Sudan’s military takes power in coup, arrests prime minister

Related Articles More

Facebook profits rise amid Facebook Papers findings

Rupee settles 18 paise lower at 75.08 against US dollar

Impartial audit essential for resilient economy: Das

Sensex drops over 100 points in early trade; Nifty slips below 18,100

Reliance Industries shares jump nearly 3 pc after earnings

MUST WATCH

Rescue team at Kali River Dandeli

Dandeli Boy Missing Case

News Bulletin 25-10-2021

12 year old boy drown in pond while swimming

Heavy rain at Srirangapattana District


Latest Additions

Madikeri: Woman tourist dies after gas leak at unregistered homestay

Faridkot court orders jailed Dera Sacha Sauda chief’s presence before it on Oct 29

Japan’s Princess Mako marries commoner, loses royal status

Actively participate in Covid vaccination for kids when it begins: Centre to panchayat leaders

Maha: Man fakes his death, kills mentally unstable villager to claim USD 5 million insurance

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.