‘UP has doubled its annual budget’: CM’s pitch to industry leaders

Ahead of Global Investors Summit, Uttar Pradesh Chief Minister Yogi Adityanath on Thursday here called upon several banking and financial sector leaders in Mumbai and invited them to become partners in the development of his state.
The Chief Minister met these industry leaders as part of his two-day visit to Mumbai ahead of the Uttar Pradesh Investors Summit. Uttar Pradesh is set to organise the summit in Lucknow from 10 to 12 February 2023.
“When our government was formed in 2017, the financial condition of the state was extremely poor. We made some plans and called up the banks, but the credit was so poor that the banks didn’t respond. Today I am delighted to inform you that everything has changed in UP. Today, we are a revenue-surplus state. We’ve more than doubled our annual budget,” he told the industry leaders.
Chief Minister Yogi Adityanath met with the chairman and MD of SIDBI S. Raman, the GM of NABARD Smita Mohanty, the MD and CEO of the National Stock Exchange Ashish Chauhan, CEO of Kotak Mahindra Uday Kotak, Executive Director of Bank of Maharashtra AB Vijay Kumar, Executive Director of the Bank of Baroda Ajay Khurana, CMD of SBI Dinesh Khara, CEO and MD of Motilal Oswal Private Equity Advisors Vishal Tulsian, Partner and CEO of KKR Gaurav Trehan, Joint Managing Director of Kotak Mahindra Bank Deepak Gupta, MD of Standard Chartered Bank Manish Jain, CEO of Yes Bank Prashant Kumar, CEO of IDBI Rakesh Sharma, MD of India Exim Bank Harsha Bangari, CGM and CFO of India Exim Bank Tarun Sharma, MD of Mahindra and Mahindra Financial Services Ltd., and Founder of Bloom Ventures Karthik Reddy.
He apprised them of the infrastructural development in Uttar Pradesh and better connectivity through air, water, road and rail network, which he said will help industries to access global as well as domestic markets.
He also spoke about his ambition to Uttar Pradesh’s GDP to USD one trillion so as to fulfill PM’s target of five trillion economy.