Uttar Pradesh: PM Modi launches 81 investment projects worth Rs 60,000 crores
Lucknow, July 29 : Prime Minister Narendra Modi, who on Sunday laid the foundation stones of 81 projects worth Rs 60,000 crore whose MoUs were signed in February this year at the UP Investors summit, lauded the state government and Chief Minister Adityanath for making this happen in a period of less than five months.
"I have been Chief Minister of Gujarat, an industry driven state and can well understand the number of difficulties and problems the team of adithyanath ji must have faced and hence kudos that you all made this happen," he said.
"It is a big, significant and an unconceivable thing where everyone from the Chief Minister to the last revenue official is involved," he added.
"This is exceptional success... I am speaking on basis of experience," Modi said while nothing that the ground-breaking ceremony which he was presiding over should ideally be called "record breaking" as the state had competed the journey from "intent to investment".
"My heart says that UP would soon be a one trillion dollar economy," he said, while stressing how the changes would open new vistas for the people of the state, including the unemployed youth.
"When I was elected an MP from UP I had promised the 22 crore people of the state that I will give back their love and trust with interest and this event is a part of it," the Prime Minister added.
He also informed that gathering that due to proactive policies of his government, the energy deficit in the country, which stood at 4.2 per cent in 2013-14 had now narrowed down to less than one per cent. A sum of Rs 50,000 crore has been saved by the people by way of replacing conventional electric use by green energy like LED and solar energy, he said.
Union Home Minister Rajnath Singh, who was also present, said that he too had been the Chief Minister of Uttar Pradesh but had never expected such fast work as that the adithyanath government had rolled out.
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Compromised PM didn't sign trade deal with US, but a bargain for Adani's release: Rahul
New Delhi (PTI): Congress leader Rahul Gandhi on Friday accused Prime Minister Narendra Modi of signing a trade deal with the US only to secure the "release" of billionaire businessman Gautam Adani.
"Compromised PM did not strike a trade deal, but a bargain for Adani's release," Gandhi said in a post in Hindi on X, after reports that the US has agreed to settle the lawsuit that accused Adani of hiding alleged bribery.
The US government has agreed to settle the lawsuit filed against Adani, who is accused of duping investors by concealing that his company's huge solar energy project in India was being facilitated by an alleged bribery scheme, according to court filings published Thursday.
Reacting to the reports, Congress general secretary in-charge communications Jairam Ramesh said it was now clear why the PM agreed to the "hopelessly one-sided Indo-US trade deal that was really a steal by the US".
"And it is also clear why he abruptly halted Operation Sindoor on May 10, 2025, acting on President Trump's threats rather than on our national interest. Reportedly, the Trump Administration is about to drop all charges of corruption against Modani," he said on X.
"How much more compromised can the PM get?" Ramesh asked.
In the lawsuit filed in late 2024, the Securities and Exchange Commission accused Adani Group Chairman Gautam Adani and his nephew Sagar Adani, who is a director at the group's renewable energy unit Adani Green Energy Ltd, of agreeing to pay about USD 265 million in bribes to Indian government officials between approximately 2020 and 2024 to obtain lucrative solar energy supply contracts on terms that expected to yield USD 2 billion of profit over 20 years.
It was alleged in the lawsuit that Adani Group raised USD 2 billion in loans and bonds, including from US firms, on the backs of false and misleading statements related to the firm's anti-bribery practices and policies.
The ports-to-energy conglomerate had denied the allegations.
