Invest in UP, it's fastest growing economy: CM to automobile cos


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NOIDA: CM Yogi Adityanath on Sunday invited CEOs of global automobile firms like Ducati, Honda and BMW to invest in UP, saying the state was the fastest growing economy in the country.
“Today, I invite all the stakeholders, organisers and other dignitaries to take advantage of the possibilities at UP,” the CM said at the Invest UP Conclave, organised on the sidelines of MotoGP at the Buddh International Circuit. Representatives of 275 global firms attended it.
Will provide full security, all support to anyone willing to invest in UP: CM
S ome of them were Red Bull, Shell, KTM, Ducati, Honda, Yamaha Motors, American Racing, BMW, Amazon, DHL and Petronas. Jorge Viegas, president of Federation Internationale de Motocyclisme (FIM) — the international governing body for motorcycle racing — and Carmelo Ezpeleta, CEO of Dorna — which owns the commercial rights for MotoGP — were also present. “The UP government will provide all kinds of security and support to anyone willing to invest here.” A short film — explaining the investment opportunities in UP — were shown to the participants at the beginning. The CM took the podium after that, explaining why the companies should invest in UP.
“Uttar Pradesh is the most populous state in the country. Of the total population, 56% is young — meaning they are in the working group. Our state is also the fastest growing economy in India. There is immense possibility to invest in the automobile and sports sector. The state and central governments are making every possible effort to organise events with focus on these sectors. I am happy to know more than 1 lakh tickets were sold for MotoGP Bharat,” he told the audience.
The CM also told the CEOs that the Buddh International Circuit would always be available should they want to organise racing events in the future. Referring to the transport network around the area, Adityanath highlighted some of the key projects coming up over the next few years. He started with the Noida international airport, the first phase of which is set to take off next year, and went on to describe the freight corridors and logistic hub. “Air connectivity is going to get a tremendous boost in our state. We are also developing an industrial ecosystem under various government schemes, with better security. All these have resulted in increased investment possibilities in the state,” Adityanath said.
After the conclave, the CM presented the MotoGP winner’s trophy to Marco Bezzecchi of Italy, who won the race. Adityanath was accompanied by Union sports and youth affairs minister Anurag Thakur and Hardeep Singh Puri, the minister of housing and urban affairs. Earlier in the afternoon, the CM interacted with members of a textile association and met a delegation of farmers at the guesthouse of Gautam Buddha University


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