Lucknow, 14 September (IANS). Under the leadership of Chief Minister Yogi Adityanath, the Uttar Pradesh government is preparing a concrete action plan to realize the vision ‘developed Uttar Pradesh-support Uttar Pradesh @2047’. This outline emphasizes three missions- overall development, economic leadership and cultural renaissance and three themes- meaning power, creation power and vitality.
The Chief Minister is clear that in the next 22 years, the global identity of Uttar Pradesh cannot be obtained without focusing on future oriented industries. For this, the government has special attention on AI, Biotech, Green Energy and Agritech based industries. Along with this, the government is engaged in preparing future industries through 12 major sectors (agriculture, industrial development, IT and emerging tech, health, education, social welfare, city and rural development, sustainable development, livestock, tourism, infrastructure and security-governance). The economic goal of this broader beauty is to make the state an economy of $ 1 trillion by 2030 and a $ 6 trillion by 2047.
Prior to 2017, Uttar Pradesh’s count had become a backward state in the race for sick and development. Investors’ confidence was reduced due to the weakness of the security mechanism, the unprotected environment for investment, the lack of high-tech infrastructure and the absence of skill development. The control over crime was loose due to lack of police empowerment and smart monitoring structure. This was the reason that both employment and industry stayed at limited levels. Even most entrepreneurs had migrated to other states.
The Yogi government has made large-scale improvements in law and order since 2017. Police recruitment and modernization, smart monitoring networks, command-and-control centers and strict action on criminals completely changed the state’s security environment. Initiatives like ‘Operation Convision’ increased the sentence rate and created a confident environment for investors. This directly affected the industry and trade and the state could become a safe stronghold of investment. This is the reason that at the UP Global Investors Summit held in 2023, the famous companies of India and abroad proposed an investment of more than 45 lakh crores in UP with the government. Out of this, investment of 15 lakh crores has also been landed on the ground.
UP has taken the initiative to make cities like Noida and Lucknow a new center of international companies by implementing the Global Capability Center (GCC) policy. The objective of this policy is to attract Fortune 500 companies to develop high -paid jobs, R&D, data analytics and high price services in the state. The land, tax exemption and infrastructure facilities being provided by the state government have strengthened the trust of domestic and foreign investors.
The state is now making future industries the basis of its economy such as artificial intelligence (AI), biotech, renewable energy, agreitech, quantum, cyber security and metavors. AI will increase productivity, while new manufacturing clusters and employment will be created in renewable energy and green technology. Biotech and Health-Tech Parks will make the state a hub of pharma and medical research. Agritech and vertical farming will strengthen rural prosperity by increasing the income of farmers.
Experts believe that high price services, green manufacturing and agreitch reforms will lead the state to the $ 6 trillion economy. The export of services from GCC and IT-AI hub will increase, renewable and e-mobile clusters will accelerate manufacturing and exports and agro-based processing will strengthen the rural economy. Specialized employment and export opportunities will be opened from Biotech and Medical R&D.
This vision of the Yogi government focuses on employment generation. Millions of high-highest jobs will directly meet Global Capability Centers and IT Hub. At the same time, millions of medium and low-skilled jobs will be made in renewable, smart city infrastructure and supply chains. Agritech and cold chains in rural areas will provide employment at the local level and reduce urban migration. Skill-development schemes and private partnerships will make this employment roadmap feasible.
The target is to make Uttar Pradesh a $ 6 trillion economy by 2047. For this, the state will have to maintain a 16 percent consecutive annual growth rate. Under this vision, there will be a significant increase in per capita income and the contribution of the state to the national economy will reach about 20 percent. This will be possible only if private and public investment, cluster-building, human resource development and safe investment environment is maintained continuously.
-IANS
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