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Canadian Hindu Chamber of Commerce explores investment in UP MSME, tourism sectors
A delegation from the Canadian Hindu Chambers of Commerce met Uttar Pradesh Chief Minister Yogi Adityanath, expressing interest in investing in MSME, religious tourism, and hospitality sectors. CM Yogi highlighted the state's economic progress, improved investment environment, and the success of the One District-One Product initiative, encouraging the delegation to explore opportunities in UP.
New Delhi: A delegation of the Canadian Hindu Chambers of Commerce met Chief Minister Yogi Adityanath in Lucknow on Sunday. CM Yogi welcomed all 24 members of the delegation, led by the organisation's Founder President, Naresh Kumar Chawda.
According to a press release, issued by the state's information department, the delegation expressed keen interest in making investment in Uttar Pradesh in the MSME, religious tourism and hospitality sectors. Assuring them of all possible support from the state government, CM Yogi also invited the members to visit Ram Lalla in Ayodhya, Kashi Vishwanath Dham in Kashi, and Prayagraj.
Chief minister Yogi emphasised the need to promote new initiatives in trade, technology and tourism in line with the Prime Minister Narendra Modi's vision. He said that 8–9 years ago, markets during festivals were flooded with Chinese products. In 2018 the state promoted traditional enterprises through the One District–One Product initiative and these products were provided with design support, technology and platforms, and were showcased at the UP International Trade Show held in the last week of September.
Chief minister Yogi said that Chinese products have almost disappeared from UP markets. The government is supporting all 9.6 million MSME units in the state and ensuring social security for them, benefiting the livelihoods of around 25 million families. Through One District–One Product, these products have been branded and are now being presented as official gifts on major platforms.
He further informed the delegation that India is now the world's fourth-largest economy and the fastest-growing major economy. Uttar Pradesh ranks among the top three states in terms of economic contribution and is home to the country's largest population, the release mentioned.
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He told the delegation that the state is making rapid progress and offers immense opportunities with improved security, law and order, and a strong investment environment. At the Global Investors Summit held last year, investment proposals worth Rs 40 lakh crore were received, of which projects worth Rs 15 lakh crore have already witnessed ground-breaking ceremonies.
The remaining proposals worth Rs 5 lakh crore are being prepared for the next round of implementation. He added that members of the Chambers can play a significant role in bringing investment, technology and FDI to UP. Separate policies have been framed for FDI and Fortune 500 companies.
CM Yogi also said that Uttar Pradesh represents India's rich heritage. The world's largest cultural and spiritual gathering, the Maha Kumbh, was organised in the state last year, witnessing participation of over 660 million devotees. He also highlighted the state's abundant water resources and fertile land.
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Source: EconomicTimes
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