A high-level delegation from Uttar Pradesh has arrived in Davos, Switzerland to present the state's dramatic economic transformation at the World Economic Forum's annual summit. Led by State Minister for Finance and Parliamentary Affairs Suresh Kumar Khanna, the team aims to position Uttar Pradesh as a secure global investment destination.
From Backward Perception to Progressive Powerhouse
Minister Khanna emphasized how Uttar Pradesh has completely shed its former image over the last eight to ten years. Under Chief Minister Yogi Adityanath's leadership, the state has transformed from being perceived as backward to becoming a progressive, investment-ready region. Khanna stated that investor satisfaction serves as the strongest proof of this new reality.
Comprehensive Policy Framework
The state government has implemented aggressive policies across 34 diverse sectors to support this growth. These policies work alongside massive improvements to both physical and digital infrastructure. Uttar Pradesh now offers highly attractive incentives for various industries, including semiconductor manufacturing.
Flagship Initiatives Driving Growth
Several key projects give Uttar Pradesh a competitive edge over other Indian states. The Defence Corridor stretching from Kanpur to Jhansi represents a central component of the state's strategy. In a landmark public-private partnership, Lucknow now hosts manufacturing facilities for the BrahMos missile.
The state's industrial portfolio continues to diversify with multiple sectors showing strong growth:
- A booming food processing industry
- Massive data centers established by major players like Hiranandani
- Traditional handicrafts and essential food grain production through 96 lakh MSMEs
Export Performance and National Alignment
Uttar Pradesh's international engagement closely aligns with national initiatives like 'Make in India' and 'Digital India.' The state's exports have skyrocketed from Rs 84,000 crore to Rs 1,86,000 crore, representing nearly 25 percent growth. This remarkable increase demonstrates the state's expanding global economic footprint.
Governance and Infrastructure Development
The government maintains a "zero tolerance" policy toward crime and corruption while offering substantial fiscal incentives to businesses. These incentives include electricity duty exemptions, stamp duty waivers, and GST reimbursements. An efficient online incentive system processed over Rs 4,000 crore last year alone.
The recently established Bundelkhand Industrial Development Authority (BUILDA) boasts a land bank of 50,000 acres. With affordable land, abundant skilled and unskilled manpower, and streamlined processes, Uttar Pradesh positions itself as a cornerstone of India's economic future.
WEF Summit Context
This year's World Economic Forum summit in Davos operates under the theme "A Spirit of Dialogue." The gathering addresses pressing global challenges including geopolitical realignments, slowing economic growth, trade frictions, and rapid technological change. Participants explore how cooperation can be renewed amid contested norms and strained international relationships.
The Annual Meeting expects record government participation with approximately 400 top political leaders attending. This includes nearly 65 heads of state and government along with six leaders from the G7 nations. Uttar Pradesh's presentation occurs within this significant global forum where economic futures are shaped through dialogue and partnership.
