UP Pharma Conclave signals state's readiness for major investments

The 'Uttar Pradesh Pharma Conclave 1.0' is a crucial moment for the state's pharmaceutical industry growth. Ministers expressed confidence, assuring investors of secure investments, and highlighted major companies signing MoUs to boost the sector.

Council of Scientific and Industrial Research - Central Drug Research Institute (CSIR-CDRI) Director Radha Rangarajan stated that the 'Uttar Pradesh Pharma Conclave 1.0' is one of the most crucial moments of the pharmaceutical industry and plays a major role in the industry's growth and expansion in the State. "This pharma conclave is a crucial moment for the pharmaceutical industry because this conclave sends the message that the state is ready for big investments for the development and expansion of the pharmaceutical industry. Such a conclave plays a very important role in the industry's growth and how this industry can contribute, as well as in becoming a part of Uttar Pradesh's economy," she told ANI on Tuesday.

Ministers Assure Secure Investments

Uttar Pradesh Minister Nand Gopal Gupta 'Nandi' has expressed confidence in the state's development, citing the interest shown by big companies and stalwarts in investing in the state. The minister assured investors that their investments are secure. "Big companies and stalwarts have come here. In these 9 years, Uttar Pradesh has progressed. Whatever development has happened in every sector, we can say that we have won the trust of investors. The government is fully with the industries. Their every investment is completely secure, and they have the assurance of that," he told ANI.

Uttar Pradesh Minister Rakesh Sachan also praised the event, saying the event marked a significant milestone for the state, with several major companies signing MoUs for investments. Sachan added that the state would benefit from the investments, and many companies would also gain from the opportunities available in Uttar Pradesh "This is a fortunate day for Uttar Pradesh that today the Pharma Conclave is being held in Uttar Pradesh, in which major companies associated with pharma have signed MoUs for major investments with the state... This will lead to investment in the pharma sector, its development, and along with having a large market for medicines, Uttar Pradesh is a major centre for its consumers, under which many companies will also benefit..." he told ANI.

CM Yogi Highlights State's Transformation

Earlier, while addressing the UP Pharma Conclave 1.0, Chief Minister Yogi Adityanath expressed his gratitude to the medical and pharmaceutical companies, which have signed memorandums of understanding (MoUs) with the state government "Today, I express my gratitude to all the medical companies with whom we have signed MOUs. I sincerely thank them all for placing their trust in Uttar Pradesh. Today, when India stands firm on its policies, even the greatest powers have had to bow before it, and India is now a self-reliant nation," said CM Yogi.

From 'Backward' to 'Revenue-Surplus' State

He declared that Uttar Pradesh has shed its image as a backward state. He highlighted that the state has transformed into a revenue-surplus economy. "We held our first investment summit, which attracted investments worth 20,000 crore rupees.We had to implement numerous reforms and bring about significant changes, and today I can proudly say that we also have a land bank facility. Uttar Pradesh is no longer a backward state; it is now a revenue-surplus state," said CM Yogi. (ANI)

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