“Our Focus is on Crop Diversification & Lowering Farmers' Input Costs”: PM Modi at UP Global Investors Summit 2023

Prime Minister Narendra Modi inaugurated the ‘Uttar Pradesh Global Investors Summit 2023’ on Friday, February 10, 2023 in Lucknow. The flagship Investment Summit of the UP Governmnet- UPGIS 2023 is scheduled to take place from February 10–12.

The 3-day event is expected to be attended by numerous ministers, business leaders, policy-makers, academia, think tanks, and world leaders to explore business opportunities and develop partnerships. Union Defence Minister Rajnath Singh, and Uttar Pradesh Governor Anandiben Patel were also present.

"I welcome all investors to this Summit. Uttar Pradesh is now well-known for its good governance, peace, law & order, and stability. Along with infrastructure, UP has altered its 'Soch and Approach' to facilitate business. It is propelling New India forward. Every aspect of life has improved, from electricity to connectivity. The state is undergoing comprehensive development, "said the PM Modi.

"Uttar Pradesh has also benefited greatly from the work done to improve social, physical, and digital infrastructures," PM Modi said at GIS 2023. "Health, education, green growth, and social infrastructure are excellent investment opportunities in India."

"There are several new initiatives in the dairy, fisheries, agriculture, food processing, and natural farming sectors in UP. Today, India is focusing on crop diversification and lowering farmers' input costs. As a result, we are working hard to promote natural farming," prime minister stated at the summit.

He stated that natural farming has begun on both sides of the Ganga for 5 kilometres in Uttar Pradesh. He also mentioned the budget's proposal for 10,000 bio-input resource centres. Noting the nutritional value of millets known as Shri Anna in India, the Prime Minister emphasised the government's efforts to ensure that India's Shri Anna meets the needs of global nutritional security. Investors, he claims, can find opportunities in ready-to-eat and ready-to-cook Shri Anna.

He also informed the investors about PLI in the food processing industry. The Prime Minister reaffirmed the government's commitment to providing farmers with a modern system that is seamless from input to post-harvest management. Small investors, he claims, can benefit from agri-infrastructure funds.

“The summit drew memorandums of understanding (MoUs) and investment proposals totaling more than Rs 25 lakh crore, as Uttar Pradesh strives to become a trillion-dollar economy in the next five years,” he added.