At Singapore roadshow, Yogi lays out UP’s ‘Triple S’ model

Lucknow: Addressing a roadshow in Singapore to invite investments into Uttar Pradesh, chief minister Yogi Adityanath on Tuesday underlined the state's ‘Triple S' model of safety, stability and speed as the biggest guarantee for investment.Speaking at the ‘Invest UP Mega Road Show', he presented a detailed road map for the state's development, highlighting a plan to develop a ‘Singapore City' near the Noida International Airport at Jewar.
"If investors from Singapore wish to enter the NCR region, work is being done on the concept of a specially planned Singapore City for them. Land was arranged around the Yamuna Expressway so that investors can take full advantage of airport connectivity, logistics and world-class infrastructure," he said. Assuring investors that their investments would remain safe in UP and that they would find a favourable environment to advance their business concerns, Yogi said: "The state grew from a ‘Land of Potential' to the ‘Land of Performance'. Its GSDP grew from Rs 13 lakh crore to Rs 36 lakh crore in the past 9 years while, in the same duration, its per capita income nearly tripled. Over the past 5 years, UP was a revenue surplus state and its contribution to India's economy touched approximately 9.5%." In addition to this, he said, the state ranked first in deregulation, was a top achiever in ease of doing business, and took a major step towards de-criminalisation by eliminating 99% of criminal provisions. He informed the audience that a 75,000-acre land bank was made available around expressways, airports and the dedicated freight corridor. Promising excellent connectivity, the CM said 55% of India's total expressways were in UP, aided by a 16,000 km railway network and Metro operations in 7 cities. The state has 16 operational airports, including 4 international, while the Noida International Airport would be inaugurated soon. "India's first national waterway from Varanasi to Haldia is operational, with multi-modal terminals along the route. In the last 9 years, the number of factories in the state increased from 14,000 to over 31,000. UP has only 11% of India's agricultural land, but it produces over 21% of the country's total foodgrains. There are vast investment opportunities in the food processing and value addition sectors," he said. Among major benefits which UP offers, Yogi said, is trained and skilled manpower.MoU for waste mgmtAn MoU was signed with Blue Planet for integrated waste management projects, while another MoU was signed with AC Aviation Pvt Ltd for MRO (Maintenance, Repair and Overhauling) and helicopter parts manufacturing.MoUs were exchanged with Gayatri Chain FnB & Associates for investment in the catering and hospitality sector, KLK Ventures for establishing a solar panel manufacturing unit, and Ishtara Jewellery & Maestro Productions for investment in the jewellery and creative/media production sectors.