He praised the schemes undertaken by the Yogi government and said these steps will lead to overall development of the state.
The summit is aimed at showcasing investment opportunities and potential across various sectors in Uttar Pradesh.
Mukul Singhal, Principal Secretary, Textiles, Uttar Pradesh government, talked about the key points of the state's new handloom policy in his address. Modi said the Kumbh Mela could improve tourism.
This is result of conviction of the chief minister, he said, adding that if the law and order situation is not appropriate, then no investor will come. "On this note, I welcome you to Uttar Pradesh Investors Summit 2018". In addition, airports in 11 other cities of the state were being developed to give a boost to regional connectivity, he said. There is a change in the global image of the country because of the Prime Minister's efforts.
Advising the state government to set up a yarn depot, Irani said it would "directly benefit the industrialists here and they will be able to manufacture competitive products". Aditya Birla group will invest about Rs25,000 crore in the state across sectors over the next five years, he said.
Prime Minister Narendra Modi is also going to speak at the summit in some time.
"I will personally monitor all MoUs (memorandums of understanding) to ensure their proper roll-out and to make sure that no industrialist faces any problem in setting up his unit", the chief minister said.
"We have lined up plans for developing road and metro projects in Uttar Pradesh", said Adani, adding that the group will also set up a multi-disciplinary university and a skill development centre in the state.
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