Uttar Pradesh Budget 2024: Finance Minister Unveils Achievements and Future Visions

Uttar Pradesh Budget 2024: Uttar Pradesh, once at 14th place in the ‘Ease of Doing Business’ ranking, now proudly claims the second spot, marking a transformative journey towards becoming India’s foremost developing state. The Finance Minister highlights the government’s success in lifting 6 crore people from poverty, with the current state unemployment rate at a commendable 2.4 percent.

In Uttar Pradesh Budget the State Government’s approval of the Semiconductor Policy positions Uttar Pradesh as the fourth state in the country to pave the way for the establishment and growth of semiconductor units. This strategic move is expected to attract substantial investments, fostering economic growth from both domestic and international sources.

A visionary plan unfolds as the Finance Minister reveals a blueprint for Aero City in Lucknow, spanning 1500 acres and mirroring Delhi’s model. This ambitious project envisions a world-class urban center with amenities such as a 7-star hotel, a park, and a state-of-the-art convention center.

In a significant milestone, the state government signs a Rs 4,000 crore investment MoU with Hero Future Energies, emphasizing their commitment to renewable energy and clean technology projects. The successful organization of the Pharma Conclave in Hyderabad draws interest from major pharmaceutical companies, showcasing Uttar Pradesh’s attractiveness for investments.

Noteworthy accolades follow with Uttar Pradesh declared the State Champion in Aviation at the Wings India Award-2024 in Hyderabad. The Finance Minister proudly asserts that the state is achieving new heights across various economic and social domains, debunking the narrative that Uttar Pradesh is a “sick state.” As the state continues to break barriers, its trajectory toward economic and social excellence is undeniable.