LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

UP has potential to be India's biggest economy, says Kovind

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Feb 22, 2018
11:12 pm
PTI
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

President Ram Nath Kovind today said Uttar Pradesh has the potential to become the biggest economy in the country.

"There are clear reasons for the interest shown by investors in the state...it has the biggest labour and consumer force," he said at the valedictory function drawing curtains on the two-day UP Investors Summit.

"This state has the potential to become the biggest state economy in the country," he added.

The President said that state government has shown strong determination in extending ease of doing business and nivesh mitra, the single window portal has been started.

The state government has also taken an initiative in actualising the business reform action plan 2017 as per the suggestion of the central government and a new policy has been launched for industrial investment and employment generation, he said, adding that all this has increased the faith of investors, he said.

'The investors are also feeling buoyed by the state and centre's involvement in ensuring peace and security, logical tax regime, atmosphere conducive for running an enterprise, strong infrastructure among others, transport," he said.

Kovind added that Nodia, which comes under the NCR region, lies on the golden quadrangle and so has helped in giving momentum to the commercial activities in the state.

Congratulating the state government for holding a successful summit, the President said the state which has vast resources required proper utilisation of its economic potential as only its development can complete the development of the country.

This summit has been an important step for development of Uttar Pradesh, he said.

The recent period has been one of enormous changes in the country, of soaring aspirations and achievements, he said, adding that GST has been a milestone it has broken down barriers, provided boost to market and economy.

Kovind further said that filing of taxes has been smoothened under the GST and switch from cash to digital payment has been notable, creating new opportunities.

Referring to the various facilities and infrastructure available in the state, the President said that farmers here are enthusiastic for using modern means of agriculture and an agri value chain has to be developed in an manner so that small farmer can sell its product at the right price and there is an availability for cold storage facilities and marketing.

Food mart and food processing, animal husbandry and dairy have vast potential for investments and several investors have shown interest in these areas, he said, adding that UP leads in exporting several goods and handicrafts, carpet and leather goods for attracting foreign exchange and employment.

Lauding the Chief Minister Yogi Adityanath's one district-one product scheme in this regard , he said it should be learnt from Italy and France as to how hand- made goods can help earn foreign exchange by branding and marketing.

Most important is investing in human resources and UP government has made maximum allocation for education in its budget, the President said.

He advised the state to extend traditional hospitality to investors in order to motivate them to invest emotionally also.

Apart from attracting economic investments, the people should motivate those who come to invest in it emotionally as well, he said.

It is home to some of India's finest institutions of higher education, such as IIT Kanpur, IIM Lucknow, Banaras Hindu University, Allahabad University and so many others, he said.

This talent pool and energy can give UP the base to become an economic powerhouse. They make it an irresistible destination for investors, he added.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Stocks to Buy with Anil Singhvi: GAIL is Special Pick today for experts Kunal Saraogi, Rakesh Bansal

Big development! Government announces new guidelines to curb misuse of social media platforms; 3 tier mechanism for OTTs

Redmi K40, Redmi K40 Pro launch today: Check timings, how to watch event live streaming

NASA releases panoramic view of Mars rover landing site

Six-time world champion boxer Mary Kom joins Koo app

HDFC Securities highlights that the momentum in the indices could take the Nifty up to 15039-15132 band in the near term

SBI share price today: After some consolidation stock ready to make new HIGHS! On course to reach Rs 450 in just 2 weeks

ZeeBiz raises critical questions on NSE trading glitch; Anil Singhvi demands inquiry, asks who will pay compensation for loss?

Good news for these government workers - Insurance benefit up to R 5 lakh, loan up to Rs 2 lakh for daughter's marriage in this state

PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved