PM Modi to inaugurate U.P. Investors’ Summit as State eyes to become $1 trillion economy
The Hindu
The event is aimed at showcasing the State as a major investment destination.
Prime Minister Narendra Modi will inaugurate the three-day Uttar Pradesh Global Investors’ Summit (GIS)-2023 in Lucknow on Friday. The summit is aimed at showcasing the State as a major investment destination. It will have 34 sessions with 10 sessions on day one, 13 on day two and 11 on day 3. Apart from the PM, the inaugural session will be addressed by Defence Minister Rajnath Singh, Chief Minister Yogi Adityanath and noted industrialists like Mukesh Ambani, Anand Mahindra, K. Chandrasekaran and Kumar Mangalam Birla. The event, which is considered critical for U.P. in its bid to become a $1 trillion dollar economy will witness the participation of over 20 Central Ministers with countries like Denmark and Singapore partnering in various sessions.
Uttar Pradesh initially set the target to attract investment proposals of ₹10 lakh crore through the summit but later revised it to ₹17.3 lakh crore. The roads leading to the venue have been repaired and expanded at various places on Shaheed Path, Lohia Path, and the road leading to Shaheed Path from Samtamulak crossing in Lucknow.
In the run-up to the summit, the State government brought many new sector-wise policies or upgraded old policies to attract investment. The policies were in sectors like textile, food processing, tourism, culture and real estate, among others. In all these policies, the government provided higher sector-specific incentives to investors in setting up units and also offered them land bank for the purpose of getting more Foreign Direct Investment (FDI).
For the success of the GIS-2023, the State government sent delegations led by Cabinet Ministers to major foreign and Indian cities, for the purpose of interacting with industry leaders and private sector. It organised road shows in foreign cities like London, New York and Dubai apart from Indian cities like Ahmedabad, Delhi, Mumbai and Chennai, for publicising the GIS-2023.
The Opposition Congress demanded that the government open the Gandhi Vatika Museum, depicting Mahatma Gandhi’s legacy and freedom struggle, built at a cost of ₹85 crore in Jaipur’s Central Park last year, during the Congress-led regime in Rajasthan. The museum has not been opened to the public, reportedly because of the administration’s engagements with the State Assembly and Lok Sabha elections.
Almaya Munnettam (Lay People to the Fore), group in the Ernakulam-Angamaly Archdiocese of the Syro-Malabar Church opposed to the synod-recommended Mass, rejected a circular issued by Major Archbishop Raphael Thattil and apostolic administrator Bosco Puthur on June 9 to implement the unified Mass in the archdiocese from July 3.
Pakistan coach Gary Kirsten stated that “not so great decision making” contributed to his side’s defeat to India in the Group-A T20 World Cup clash here on Sunday. The batting unit came apart in the chase, after being well placed at 72 for two. With 48 runs needed from eight overs, Pakistan found a way to panic and lose. “Maybe not so great decision making,” Kirsten said at the post-match press conference, when asked to explain the loss.