Awanish Kumar Awasthi, advisor to Chief Minister Yogi Adityanath, said, even as he called for "hard work" to attract foreign direct investment (FDI) to the state and to tap the growing sectors of semiconductors, electronics and software exports.
Awasthi said employment and skilling are also among the focus areas where the state needs to do more work, and it is here the newly-launched scheme that promises an interest-free loan of ₹5 lakh for youths will come in handy.
He was speaking at a panel discussion on 'Environment Protection with Infrastructure and Tourism Development in Uttar Pradesh' at the recent Business Standard 'Samriddhi' round table held in Lucknow.
The retired bureaucrat said that CM Adityanath's dream is to make UP the most prosperous state of the country with its GSDP (gross state domestic product) ahead of Maharashtra or any other.
"Uttar Pradesh, with the country's largest number of international airports, highest number of expressways, highest number of four-lane highways, largest number of petrol pumps and CNG stations, has no reason to not achieve the target," Awasthi said.
He said the scale and speed in which development is being done in UP since 2017 is unseen.
Due to good financial management, revenue growth from GST (Goods and Services Tax), mining, manufacturing, excise and other sectors has risen 3-4 times since 2017 levels.
"We are now a revenue surplus state," Awasthi said, adding that everyone knows that capital expenditure is mandatory for building infrastructure and UP has invested no less than ₹150,000 crore in building world-class infrastructure in the state.
"All this has come from our own resources," Awasthi, a 1987-batch IAS officer, said.
هذه القصة مأخوذة من طبعة November 29, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 29, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Loser takes all
This book was published in September, three months ahead of the US presidential polls, presumably to reveal to voters the dangers of returning Donald Trump to the White House.
J&K HC asks Army to pay 46 years' rent to landowner
The High Court of Jammu and Kashmir and Ladakh recently held that the right to property now falls within the realm of human rights.
India, UK navies to develop electric propulsion for next-gen warships
The ministries of defence of India and the UK have signed a statement of intent (SoI) to cooperate in designing and developing Electric Propulsion Systems for the Indian Navy.
India backs Iskcon, tells Bangladesh to protect minorities
New Delhi hopes arrested monk will get fair trial
HAVING A BALL
Indian bowlers are winning matches and setting IPL auction records. But brands are not yet bowled over. Will Bumrah get bowlers their due?
Link UPI app to bank account with limited funds, set daily limits
Indians have lost ₹485 crore to frauds on the Unified Payments Interface (UPI) across 632,000 incidents reported until September of the current financial year, according to data from the Ministry of Finance.
Arpu gains, lower capex augur well for Airtel
Brokerages positive on stock; earnings flows may rise over next 24 mths
NIFTY LOGS BACK-TO-BACK MONTHLY LOSS
Benchmark Nifty 50 index shed 0.3 per cent in November, logging its first back-to-back monthly loss since February 2023.
Lock-up on ₹1.2 trn pre-IPO shares to lift in two months
Lock-up on shares worth nearly ₹1.2 trillion ($14 billion) belonging to 50 companies will end between now and January 31, said Nuvama Institutional Equities in a note.
Margin moderation may cap upsides for Colgate
After gaining over 15 per cent in the first half of the week, the stock of oral care major Colgate-Palmolive (India) has shed about a third of those gains.