PM Modi at Global Investors Summit: 'India reforming out of conviction'

Highlighting the country's development strides and investment-friendly environment and pointing out that Uttar Pradesh is leading the growth of the country, Prime Minister Narendra Modi said that India is reforming not out of compulsion, but out of conviction.

If India is the bright spot in the world, then Uttar Pradesh is leading the growth of the country, PM Modi said after inaugurating the Uttar Pradesh Global Investors Summit 2023 in Lucknow.

"Today every credible voice in the world believes that India's economy will continue to grow rapidly. The biggest reason behind this is the increasing self-confidence of Indians," he said.

"Today, India is reforming, not out of compulsion, but out of conviction. More than 40,000 compliances have been removed and many laws have been abolished," PM Modi said.

In this year's budget, PM said Rs 35,000 crore has been provisioned for the energy transition. He said it reflects India's commitment towards green energy. Mission Green Hydrogen gives strength to this very commitment, he said.

Prime Minister said more than 60 per cent of India's total mobile production is in UP. One of the country's two defence corridors is in UP. There are also endless possibilities here regarding fisheries, dairy and food processing.

UP Global Investors Summit 2023 is the flagship investment summit of the Government of Uttar Pradesh. The mega event is aimed to bring together policymakers, industry leaders, academia, think tanks and leaders from across the world to collectively explore business opportunities and forge partnerships.

(ANI)