UP Finance Minister Unveils Ambitious Budget: Economic Boost Through Tourism and Semiconductor Policy

Uttar Pradesh's Visionary Budget: Fusing Tradition with Progress
UP Finance Minister Unveils Ambitious Budget: Economic Boost Through Tourism and Semiconductor Policy


5 February, 24: Uttar Pradesh's Finance Minister, Suresh Khanna, recently unveiled an ambitious budget in the Vidhan Sabha, strategically blending cultural preservation with modern development initiatives. The budget addresses key sectors, propelling the state towards economic growth and prosperity.

Grand Ram Temple Boosts Tourism and Economy:
Khanna highlighted the transformative impact of the grand temple of Lord Ram in Ayodhya, stating it has turned the city into a global tourist center. The surge in visitors, both domestic and international, has significantly improved the state's economic condition, especially in the social and cultural sectors.

Inclusive Growth and Low Unemployment:
The Finance Minister proudly announced that the government has successfully uplifted around 6 crore people from poverty, demonstrating a commitment to inclusive growth. Uttar Pradesh now boasts a mere 2% unemployment rate, a testament to the state's strategic policies and developmental initiatives.

Semiconductor Policy Attracts Investments:
Khanna outlined the state's semiconductor policy, positioning Uttar Pradesh as the fourth state in the country to implement such a forward-looking strategy. This policy aims to attract substantial investment, fostering the establishment and growth of semiconductor units within the state.

Strategic Investments and Recognitions:
In a significant move, an MoU worth Rs 4,000 crores has been signed between the state government and Hero Future Energies. This collaboration is set to drive investments in renewable energy and clean technology projects across Uttar Pradesh.

Additionally, the successful organization of the Pharma Conclave in Hyderabad has garnered interest from major pharmaceutical companies, indicating a potential influx of investments into the state's healthcare sector.

The recent recognition of Uttar Pradesh with the State Champion in Aviation award at the Wings India Award-2024, held in Hyderabad, underscores the state's commitment to excellence in the aviation sector.

Aero City Project: Transforming Lucknow's Landscape:
Underscoring the state's commitment to innovation and modernization, Khanna revealed plans for the Aero City project in Lucknow. Envisioned across 1500 acres, this city will emulate Delhi's success, featuring a 7-star hotel, expansive parks, and world-class convention centers. The project aims to position Lucknow as a hub for business, tourism, and technological innovation.

Uttar Pradesh's budget, as presented by Finance Minister Suresh Khanna, paints a vision where tradition meets progress. The blend of cultural preservation and forward-thinking initiatives reflects the state's commitment to holistic development. The transformative impact of the grand temple, coupled with strategic policies and visionary projects like Aero City, signals Uttar Pradesh's intent to emerge as a leader in economic growth, tourism, and innovation.