Modi launches projects worth Rs 60,000 crore in Lucknow, calls it record breaking

Prime Minister Narendra Modi today launched 81 projects worth Rs 60,000 crores in Uttar Pradesh’s Lucknow. These projects were part of the 1,045 MoUs signed at the Uttar Pradesh Investors’ Summit organised earlier this year.

The government has estimated to create about 2.1 lakh jobs in the states through these projects. The event was also attended by Home Minister Rajnath Singh, Uttar Pradesh chief minister Yogi Adityanath and business tycoons like Gautam Adani and Kumar Mangalam Birla.

Speaking at the event, PM Modi said that it is not only a groundbreaking event but also a record-breaking one. “People are calling this event a ground-breaking ceremony. But I call this a record-breaking ceremony. The manner in which development works have been carried out in such a short span of time & old methods have been changed, was never seen before in Uttar Pradesh,” he said.

Pushing for digital transactions, PM Modi said that these projects will prove to be a big step in giving a new direction to Digital India and Make in India. “Be it setting up of fiber or establishment of IT center for internet service in Uttar Pradesh, digital infrastructure will give a new direction, new pace to the state,” he said.

The government of Uttar Pradesh, which had organised the UP Investors Summit in February 2018, has generated investment intent worth more than Rs 4.28 lakh crore across sectors like renewable energy, infrastructure, power, IT & electronic manufacturing and tourism etc.

Within a few months, investment proposals for 81 projects amounting to an investment of about Rs 60,000 crore have now materialised.

The Reliance Jio Com would be investing Rs 10,000 crores and BSNL is investing Rs 5,000 crores for laying optical cable network in the state. Moreover, Infosys would be investing Rs 5,000 crores and Tata Consultancy Services (TCS) will be investing Rs 2,300 crores to establish IT/TES centres across the state.

In addition to this, Adani Power is investing Rs 2500 crores to lay 765 KV Ghatampur-Hapur transmission line. Paytm is investing Rs 3500 crores to build its headquarters and campus in the state, according to an official release issued by the state government.

PM Modi yesterday also attended an event in Lucknow to mark the third anniversary of three key government initiatives related to urban development which includes Pradhan Mantri Awas Yojna (urban), Atal Mission for Rejuvenation of Urban Transformation (AMRUT) and the Smart Cities Mission.

ALSO READ: PM Modi says he considers Rahul’s ‘chowkidar-bhagidar’ comment a compliment

ALSO READ: PM Modi launches key projects in UP’s Mirzapur

Updated: July 29, 2018 — 2:13 pm