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Red carpet replaced red tape for investors: PM

Launches 14,000 projects worth over Rs10 lakh cr across UP

image for illustrative purpose

Red carpet replaced red tape for investors: PM
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20 Feb 2024 6:00 AM IST

The exports from UP have doubled. UP has done commendable work in electricity production and transmission. UP is the State with the most number of expressways in the country — Narendra Modi, PM

Lucknow (UP): Prime Minister Narendra Modi on Monday said the culture of ‘red tape’ has been replaced with the ‘red carpet’ for investors in the seven years of the ‘double-engine’ government in Uttar Pradesh. In his address at a ground-breaking ceremony for projects worth more than Rs10 lakh crore here, he said an environment of trade, development and trust has emerged in the State. “Seven-to-eight years ago, one could not even think that such an environment of investment and jobs would be made in UP. Crime and riots were common then and no one would have even believed if anyone said that UP would be developed,” he said, targeting earlier governments.

“It has been seven years since the double-engine government was formed in UP. In these years, UP has removed the red tape culture and replaced it with red carpet culture,” he said.

Prime Minister Modi launched 14,000 projects across the state worth more than Rs10 lakh crore at the fourth ground-breaking ceremony here on Monday for investment proposals received during the UP Global Investors Summit. The projects relate to sectors such as manufacturing, renewable energy, food processing, housing and real estate, hospitality and entertainment, and education.

Uttar Pradesh Governor Anandiben Patel, Defence Minister Rajnath Singh and CM Yogi Adityanath also attended the event.

Narendra Modi investors Trade Uttar Pradesh UP Global Investors Summit Rajnath Singh Yogi Adityanath 
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