Leading industrial giants praise Yogi govts visionary policies

  • | Saturday | 31st August, 2024

Leading industrial giants have praised the Uttar Pradesh governments visionary policies and the favourable industrial environment under Chief Minister Yogi Adityanaths leadership. They noted a remarkable transformation in Uttar Pradesh over the past seven years, highlighting the states emergence as a prime investment destination. During an event at Lok Bhavan here on Friday, where Chief Minister Yogi Adityanath distributed incentives and Letters of Comfort to industrial units, prominent industrial groups affirmed that Uttar Pradesh is now setting new standards as an investment hub. The state has established a conducive environment for industries, implemented effective policies and improved law and order, leading to significant current and future investment opportunities, they added. Senior officials from Samsung, JK Group, Birla Corporation, Gallant, HCL and Hinduja Group expressed their gratitude to Chief Minister Yogi and shared their plans for further investments in Uttar Pradesh. JB Park, President and CEO of Samsung Southwest Asia, said, Samsung has a very deep connection with UP. When we first came here in 1996, no one could have imagined that Samsung would establish one of the largest mobile manufacturing factories in Noida. In 2018, it became a reality when we inaugurated East Mobile Manufacturing Facility. I am confident that we will continue to get the same support in the future from the UP government. Samsung remains committed to investing in UP. Raghavpati Singhania, Managing Director of JK Cement, stated, Over the past six years, JK Cement has established three cement units, the most recent of which was in Prayagraj in 2024. Remarkably, this unit was completed in just nine months and 28 days. This is the first state where the authorities actively monitor industry progress and enquire how they can assist. Sandeep Ghosh, MD and CEO of Birla Corporation, stated, Following roti and kapda, makaan is a universal aspiration. Every 100 bags of cement we produce go towards constructing homes under the Pradhan Mantri Awas Yojana. The Uttar Pradesh government has acknowledged this contribution. The cement industry generates over ten times more employment compared to other sectors, also fostering skill development. Over the past five years, we have received an incentive of Rs 600 crore, which is substantially more and has been granted much more swiftly than in other states. Gallant Steel Chairman CP Agarwal said, Gallant has invested more than Rs 1,500 crore in Gorakhpur since 2006 and more than half of this investment has been made during the Yogi government. HCL CFO and President Pawan K. Dankar stated, Uttar Pradesh is home to HCL. We are one of Indias top three companies, and one of our headquarters is located in UP. Our most recent investment in the state was in Lucknow, where we invested Rs 800 crore. Ashok Leyland MD Shenu Agarwal stated, Ashok Leyland and the Hinduja Group have a presence in nearly every part of the country, but in recent months, the support, guidance, inspiration and encouragement we have received from the Uttar Pradesh government has been unparalleled.

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