UP’s role to be critical in making India $5-trillion economy: N Chandrasekaran

Western UP accounts for 54% of projects worth Rs 65,000 crore launched on Sunday at a ceremony in Lucknow.

NEW DELHI: Home Minister and BJP President Amit Shah on Sunday said despite questions raised on the administrative inexperience of Uttar Pradesh chief minister Yogi Adityanath when he and PM Modi proposed the debutante in 2017, Yogi had proven himself with his work.

The “improved law and order situation” that has seen 91 criminals being shot dead in UP in Yogi’s tenure, including the maximum 53 in Western UP, where the maximum investment is coming up, was endorsed by Shah on Sunday in his address before leading corporates at the second ground breaking ceremony on Sunday.

Western UP accounts for 54% of projects worth Rs 65,000 crore launched on Sunday at a ceremony in Lucknow.

“Investors have been assured of security and excellent law and order,” a senior UP government official told ET.

Speaking on the occasion, Tata Sons chairman N Chandrasekaran said there are immense business opportunities in Uttar Pradesh and the state will play a critical role in making India a $5-trillion economy. He said the Tata Group sees a huge potential in sectors such as renewable energy, tourism, airlines and electric mobility, among others.

Chandrasekaran said, “The Tata Group has a long standing presence in the state, and many of our companies have significant investment here.”

PepsiCo India president and CEO Ahmed El Sheikh said his company will focus on expansion of its agro-based programme in the state. He said, “Through this programme, we will provide seeds, technology, equipment, weather insurance, training and guidance for our team of agronomists.”

On investment plans, he said, “To set up our third unit of greenfield food manufacturing plant in Uttar Pradesh, an investment of Rs 500 crore will be made.”

Adani Group chairman Gautam Adani said that his group will invest Rs 5,500 crore over the next five years in power transmission and food processing sectors in the state.

He said, under the food processing segment, rice and flour mills, kachchi ghani refining facility will be set up in the state “In the next five years, the group is planning to invest Rs 5,000 crore in power transmission and another Rs 500 crore in food processing sector,” Adani said.

Speaking on the sidelines of the event, Flipkart group chief executive officer Kalyan Krishnamurthy said, “UP is an important state for us at Flipkart. We not only have many sellers and local MSME (micro, small and medium enterprise) manufacturers who are accessing the nationwide market to sell their products more efficiently and in a cost effective way, but we are also encouraging local handicrafts to market their products.”

The Medanta group is planning to open 1,000-bed hospitals in Gorakhpur, Varanasi and Allahabad on the lines of the one being constructed in Lucknow.

Medanta Group chairman Naresh Trehan said, the Lucknow hospital is likely to generate 6,000 direct jobs, and overall more than 13,000 jobs will be generated by the opening of this facility The chairman of UAE based LuLu Group International Yusuff Ali said, “The group is planning to set up a food processing unit in UP besides there are also plans to set up a shopping mall in Sahibabad near Delhi.” “We are constructing Uttar Pradesh’s biggest shopping mall in Lucknow at a cost of Rs 2,000 crore in which 5,000 people will get direct employment and 10,000 others will get indirect employment,” he said.

The Torrent Group said it is planning to invest Rs 3,000 crore for laying a gas pipeline network in Uttar Pradesh. “In coming years, gas pipeline network will be established for domestic, commercial and industrial consumers, and a plan to invest Rs 3,000 crore is being made,” Torrent Group chairman Sudhir Mehta.

(With inputs from PTI)