India’s biz community seen with trust, respect as wealth contributor: Rajnath Singh

Union Minister Rajnath Singh stated on Friday that the Central government has presented a new vision for the country’s business community, which is now viewed with trust and respect.

Addressing the Uttar Pradesh Global Investors Summit in Lucknow, Rajnath Singh said, “The slope of industrial growth in the country was declining due to some historical reasons because of which people used to hesitate to step in to the business sector despite the availability of all resources. Because of this pseudo-secularism, the established industries were also hampered. However, the encouragement and achievements in the sector during the previous years show how the government has presented a new approach towards the business committee.”

“The business community is now looked upon with trust and respect as a wealth contributor as the previous ineffective rules- which were a Red Tape for the industry have now turned into a Red carpet,” he added.

He further termed the faith of the International Monetary Fund (IMF), World Bank, and Global Investors Committee in the country’s business sector a ‘matter of pride’ and said: “under the leadership of Prime Minister Narendra Modi, Uttar Pradesh will also gain the pace of development which was once taken up by Gujarat during his Chief Ministerial phase.”

“Because of Chief Minister Yogi Adityanath UP has now become Health up, Education up, Infrastructure up, Investment up, Return of Investment up,” he added.

The Government of Uttar Pradesh’s flagship investment summit is the UP Global Investors Summit 2023. The mega event will bring together policymakers, industry leaders, academia, think tanks, and leaders from around the world to explore business opportunities and form partnerships.

According to an official statement, Investor UP 2.0 is a comprehensive, investor-centric, and service-oriented investment ecosystem in Uttar Pradesh that strives to provide relevant, well-defined, standardised services to investors.

PM Modi presided over the summit, which was attended by UP Governor Anandiben Patel, Chief Minister Yogi Adityanath, and several industrialists, including Mukesh Ambani.