Prime Minister Narendra Modi said here on Monday that “Modi ki guarantee” is being widely discussed around the country while on the other hand the world is seeing India as a guarantee for better returns.

“Investors around the globe trust the government’s policies and stability,” Modi said after launching around 1,4000 projects across Uttar Pradesh worth more than Rs 10 lakh crore here on Monday at the fourth groundbreaking ceremony of UP Global Investors Summit 2023 held in February 2023.

Addressing the Viksit Bharat-Viksit Uttar Pradesh programme, the PM lauded the atmosphere of positivity in the state regarding investments and employment opportunities. “Today, UP is witnessing investments worth lakhs of crores of rupees”, the prime minister said, expressing delight over the state’s progress since he is a Member of Parliament from Varanasi.

Speaking about the development projects of today, the prime minister said it would change the face of Uttar Pradesh, and congratulated the investors as well as the youth.

Noting the seven years of the double-engine government in Uttar Pradesh, Modi said during this period, ‘red carpet culture’ has replaced ‘red tape culture’.

He said in the last seven years, crime decreased in UP and business culture flourished. “In the last seven years an atmosphere of business, development and trust has developed in Uttar Pradesh”, he noted.

The double-engine government has proven the inevitability of change if there is a genuine desire for it, he added. He noted doubling of exports from the state during this period.

He also praised the state’s strides in electricity generation and transmission. “Today, UP is a state with the maximum number of expressways, and international airports in the country. It is the state where the country’s first rapid rail is running”, said the prime minister pointing to the presence of a big chunk of Eastern and Western Peripheral Expressways in the state.

The PM underlined that today’s development projects are not being assessed in terms of investment alone, but they present a holistic vision for a better future and a ray of hope for investors.

Recalling his recent visit to UAE and Qatar, he noted that the unprecedented positivity towards India all around the globe and said that every nation feels assurance and trust in India’s growth story.

Reaffirming the belief of investors, the prime minister said India has broken the trend of governments drifting away from investments when elections are knocking on the doors. “Investors around the globe trust the government’s policies and stability”, the prime minister remarked, noting the emergence of a similar trend in UP.

He underscored the need for new thinking and direction for Viksit Bharat. He said that the earlier approach of keeping the citizens at a bare minimum existence and regional imbalance was not suitable for the development of the nation.

The prime minister reiterated that “Modi is looking after those who were ignored by all earlier”. Elaborating on such segments, he gave examples of 10,000 crore Rs worth of assistance to street vendors under the PM SVANidhi scheme.

He further pointed out that local products of every district are being strengthened under One District One Product scheme. Similarly, Rs13,000 crore PM Vishwakarma Scheme will connect lakhs of Vishwakarma families of UP with modern practices.

“UP has the potential to become India’s largest tourism hub”, the prime minister said, noting that every person in the country wants to visit Varanasi and Ayodhya today drawing lakhs of visitors and tourists. Due to this, he said, unprecedented opportunities are being created for small entrepreneurs, airline companies and hotel-restaurant owners here in UP.

“Our effort is that every house and every family in the country should become a solar power generator”, PM Modi said referring to the PM Suryaghar or Free Electricity Scheme where 300 units of electricity will be available free of cost and citizens will also be able to sell the excess electricity to the government.

Modi informed that under this scheme which is available for one crore families currently, Rs 30,000 to about Rs 80,000 will be deposited directly into the bank account of every family. He further explained that those generating 100 units of electricity every month will get assistance of Rs 30,000 while those generating 300 units or more electricity will get around Rs 80,000.

Referring to the recent decision to confer Bharat Ratna to Chaudhary Charan Singh, PM Modi said, “Honoring Chaudhary Saheb, the son of the soil of Uttar Pradesh, is an honor for crores of laboring farmers of the country.”

The Prime Minister reiterated the government’s commitment to supporting farmers in exploring new avenues in agriculture, stating, “We are assisting and encouraging farmers to take our country’s agriculture on a new path.”

UP Governor Anandiben Patel, Chief Minister Yogi Adityanath, Union Minister for Defence, Rajnath Singh, and Ministers from Uttar Pradesh Government were present on the occasion. The programme was attended by about 5,000 participants, including notable industrialists, representatives of top global and Indian companies, ambassadors and high commissioners and other distinguished guests.