Business India ×
  Magazine:
Cover Feature

Published on: June 14, 2021, 2:15 a.m.
From BIMARU to Big-Bucks Investment Destination
  • Yogi’s clean image helped; indeed, not a single charge of corruption has been levelled against him

By Lancelot Joseph. Executive Editor, Business India

The BJP came to power on the Vikas plank. How do you describe the progress made by your government over the past four years? 

Our government has ensured holistic and inclusive development of the state in the past four years and has managed to change the perception of the state both nationally and globally. Since coming to power in 2017, we have constantly and consistently worked towards the development of our state and its citizens and have transformed the state which was once referred as ‘BIMARU’ into an economic powerhouse. The growing interest of investors, MNCs, the rising per capita income, the state’s economic positioning in the country and infrastructural development – all point towards a new, better developed UP. UP is on path to achieve the $1-trillion economy target. From a state GDP of Rs10.90 lakh crore in 2015-16, UP has succeeded in increasing the GSDP size to Rs19.48 lakh crore. 

What is the record of the actual conversion of the MoUs signed during the 2018 Investors’ Summit into projects on the ground? 

The Investors’ Summit in 2018 brought global investment and infrastructure development to UP without creating a regional imbalance. Before the pandemic hit us last year, a number of projects had already started commercial production. Projects worth almost Rs3 lakh crore have been grounded in the past four years. Amidst the pandemic itself, when the global economy had slowed down, the state government managed to attract more than 77 investment intents, including intents from companies from around 10 countries such as Japan, the US, the UK, Canada, Germany, South Korea, Singapore, etc worth around Rs57,000 crore. 

Some of the investments that stand out are South Korean tech giant Samsung’s decision to relocate its mobile and IT display production unit from China to Noida. It is making an investment of Rs4,825 crore. 

 Can you tell us about the overall employment generation over the past four years?

Our government in the past four years has provided four-lakh government jobs. Prior to 2017, only 2.05 lakh government jobs were given. Over 1.80 crore people gained employment as a result of setting up 50 lakh new MSMEs which were given loans worth Rs2,13,000 crore. Under the ‘One District One Product’ initiative, more than 25 lakh people were given jobs. Start-ups provided for 5 lakh jobs to youths. One crore women are now part of around 10 lakh self-help groups.

The Data Centre in Noida is expected to employ 50,000 young people. We also launched the ‘Mission Rozgar’ initiative with the aim to provide employment to 50 lakh youths and the target has already been achieved. We are the only state to launch a unique programme to empower women called ‘Bank Correspondent Sakhi’ which will benefit rural women in a big way, as under this scheme rural people will be benefitted by banking facilities in their own village without any glitches.

What is the UP government doing to tap the youth dividend?

Youth is the future of the state. I have assured the youth of UP that they will not have to migrate as sufficient jobs are being created for them in UP. Hence, we have taken up education for all as a priority. In the past four years, about 4.80 crore new students have been enrolled in the government schools of the state. Ensuring cheating-free examinations of the secondary schools, recognition of new universities, the establishment of degree colleges, polytechnics and IIT are some of the landmark achievements of our government which have helped raise the standard of education in the state. Under the Operation Kayakalp, so far 1.35 lakh government schools have been ramped up. To avoid disruption of education during the pandemic, the government is running e-schools under its Mission Prerna (inspiration) where students are taught through digital and other modes of telecommunication. 

Cover Feature

Business Schools: Back in action

How future managers will handle challenges

Corporate Report

India Cement’s journey continues

At 75, India Cements is a heady cocktail of a story

Focus

How to energise the mining sector

The mining industry emphasises on the optimal use of mineral reserves

Special Report

India's G20 presidency: Luckier than Indonesia?

As India assumes G20 presidency, it will have to go by consensus to keep China on board

E-MAGAZINE
B-schools: Back in Action
COP27-Success or Failure?
The consumption rebound
FROM THIS ISSUE

Corporate Report

Guest Column

Guest Column

Guest Column

Guest Column

Guest Column

Company Feature

Classrooms go live, thanks to Airtel

Published on April 5, 2022, 11:25 a.m.

Despite the pandemic, Bharti Foundation has ensured that children are not deprived of learning opportunities

Column

Collaborative excellence

Published on April 4, 2022, 8:53 p.m.

A policy perspective for meeting SDG-9 in low resource setting of developing economies

Column

Innovation and infrastructure

Published on April 4, 2022, 8:10 p.m.

India is well-positioned to become a model of corporate sustainability

Column

‘More for less’

Published on April 1, 2022, 10:12 p.m.

The merger of technology and SDGs – A game-changing win of the era

E-vehicles

Ola opens 14 experience centres

Published on Dec. 1, 2022, 8:54 p.m.

Ola has set a target of opening 200 outlets by the end of 2022

Mobility

Kerala to get e-double-deckers

Published on Dec. 1, 2022, 8:40 p.m.

Kerala goes for environment-friendly rides

Renewable Energy

Google, Microsoft go the RE way

Published on Dec. 1, 2022, 8:19 p.m.

Google, Microsoft to reduce carbon footprint

Global warming

Microbes and climate change

Published on Dec. 1, 2022, 7:55 p.m.

Microbes can ‘switch on’ to cope with climate change