India reforming out of conviction, not compulsion': PM at investors' summit

As Prime Minister Narendra Modi invited the delegates to the Global Investors' Summit 2023 in Lucknow on Friday, he said despite being the chief guest of the summit, it was his responsibility to accord the welcome as he is also an elected representative from the state. "Only a few years ago, Uttar Pradesh was known as a BIMARU state. Nobody had any hope from the state. But now Uttar Pradesh stands for good governance and development," PM Modi said adding that UP will be the state of five airports and is going to be linked to the seas directly.

If India is the bright spot in the world, then UP is leading the growth of the country, PM Modi said adding, "India is reforming out of conviction, not out of compulsion."

Praising Budget 2023 for increased allocation in infrastructure, ease of doing business, PM Modi said one of the defence corridors of the country is going to come up in Uttar Pradesh.

The mega event for investment in Uttar Pradesh will be held from February 10 to 12. A total of 34 sessions will be held.

Speaking at Global Investors Summit here, Kumar Mangalam Birla committed ₹25,000 crore investment in the state in various businesses like cement, metals, chemicals, financial services and renewable energy.

Reliance chairman Mukesh Ambani announced ₹75,000 crore investment in the state over the next four years and promised a complete 5G rollout in every village of Uttar Pradesh by December 2023.