English
Yogi Adityanath: The Chief Minister of Uttar Pradesh, addressed the review meeting of the Industrial Development Department for the preparations of the fifth groundbreaking ceremony. The ceremony will take place in November. The target, this time, is set to over Rs. 5 lakh crore for the private investment projects.
The chief minister further urged the industrial development authorities in Uttar Pradesh to examine whether the current rates of land compensation can be increased, as it may benefit the farmers. During the meeting, the department claimed to create jobs for over 60 lakh people. Yogi also called for making fintech hubs in UP’s Noida, Greater Noida, etc.
What was the meeting about?
The meeting of the Industrial Development Department, chaired by the chief minister, was to review the 5th groundbreaking ceremony, to be held in November. The target for the fifth groundbreaking ceremony’s private investment projects is over five lakh crore rupees. The department claimed that the project created jobs for more than 60 lakh individuals.
In addition, it stated that the previous four groundbreaking ceremonies, in the last eight and a half years, had administered projects for over fifteen lakh rupees.
What did CM Yogi say?
The Chief Minister, Yogi Adityanath, said that the complete process of land acquisition must be smooth. He also urged the industrial development officials to consider increasing the price of land compensation to benefit farmers.
He mentioned, “People are emotionally attached to their land since it is their lifelong capital. If land has to be acquired in the interests of the state, they must receive fair compensation. There should not be a single complaint of exploitation. This task can be easily achieved, with dialogue and coordination.”
Yogi on FinTech industries:
UP CM ordered the development of FinTech hubs in various regions of the state, like Noida, Greater Noida, and the Yamuna Authority Region. He even highlighted the necessity of creating Nivesh Mitra and Nivesh Sarathi portals, more simplified and user-friendly, to avoid visits to the government offices by investors.
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