Panel Discussion: Viksit Uttar Pradesh Gateway to Viksit Bharat @2047

[Music] Hello [Music] Hello, thank you. This Lucknow is a city of culture and all the people here do business with great culture. [nasal sound] So a very warm welcome to all of you to the Entrepreneur India Game Change Awards and [throat clearing sound] you all are doing very well on your respective paths. Once again, I thank all of you who have been honored today. And this is our topic, now this panel of ours, I think that people from so many different fields and so many enlightened subjects, Hindi is not becoming too much, no, okay, so in this enlightened very distinguished panel and I would like to, they all have introduced themselves and you have known all, they are all known sir, IIT Kanpur, I would like to start with you. What we are talking about, our topic is that Developed Uttar Pradesh Gateway of Developed India 2027, you are associated with such an institution which, in terms of innovation, I think, is far ahead not only in the country but in the entire nation. IIT is ranked first among the best incubators in the world. According to you, how close are we to Kanpur, when we talk about developed Uttar Pradesh. According to you, what are those three or four important things due to which you feel that Uttar Pradesh is far ahead in innovation in these things. It is doing this and can easily achieve it by 2047. So what do you think? Mr. Ashutosh Agnihotri Sir Sanjeev ji thank you first of all thank you Entrepreneur magazine for inviting us Professor Philip is also here so a lot of what I see is what I have learned from him so you talked about the strength of Uttar Pradesh as far as deep tech is a concern correct I think it was 6th July if I remember correctly and there was this announcement of the deep tech policy that has come out recently and if I can take an unbiased view where you know watching Uttar Pradesh as an external person who knows nothing about Uttar Pradesh. It is one of the most forward-looking policies as far as deep tech is concerned in India. Great. Two specific points in that one is around recognizing the quantum of capital it takes to build a deep tech let's say a startup like ₹100 crore you are putting up front it is first of its kind point number two was the announcement of your hub first of its kind when it comes to deep tech I mean you can talk about different research parks across the country. But deeptech is something that I would say very recently it has become the talk of the nation. Right? I mean DPIT came up with this new definition of deep tech itself. Earlier there was talk about Uttar Pradesh was always looked as you no volume. In terms of the number of people, in terms of the amount of land, in terms of capacity, now there is this shift that has happened where it said that okay, in those parts we are doing great at but deep tech is also that we have to lead in the country and given when you talk about developed India, when you talk about Vision 2047 and it was made very clear by the Minister himself that that path goes through Uttar Pradesh. It passes through Uttar Pradesh. So it's [sound of clearing throat] not making the decision that friend can do this, can't do this. Everything has to be done. And giving deep tech as like the front line which policy has just come. I personally I am a scientist by training. It really like makes me feel very happy. I mean, for the last 14 years I was outside. So, coming back to India and seeing I am from Kanpur by the way. So, my home is in Kanpur I am seeing the administration taking a frontline law when it comes to taking deep it is it is very absolutely. And this question is also important because the children from rural areas who have old curriculum still consider Uttar Pradesh as one of the sick states. It is possible that their syllabus may not have been updated but the syllabus which we are upgrading is being updated keeping in mind UP. Sir, I would like to know from you from Ananda's perspective. Jitendra Sir, from Ananda's perspective, I would like to know that you are a very good lion, a famous poet, you people will find the name, it is the age of Google. So he said that it would be a different matter if the entire earth also supports him. But if you support me even a little then it is a different matter. Ananda Good Morning to everyone. From Ananda's perspective, I would say that whatever development is to come now will not come from tier one or tier two cities, it will come from rural areas. Exactly right, what is the second thing that the milk procurement centers, we have our VLCs, around 6500-7000 in UP, the milk collection from those centers is done morning and evening through the farmers and they get a regular income, money goes into their account after every 10 days, so this type of income is received by the farmers through out three times a month and gradually I am seeing that there are around 1 lakh 7900 villages in UP and the penetration of procurement in Uttar Pradesh has been done in around 25 to 35000 villages and the focus of the government at this time is that in 90% of the villages of Uttar Pradesh, every farmer who is producing milk should be procured from the mill and apart from this, if you see the income of the farmer, in the last 5 years or last 10 years, he used to get ₹18 to ₹20 per liter. Today's rate is ₹ and I think that in the coming time it will go up to 70, 80, 100 because the policies of the government are pro-farmer and our prosperity is going to come from there and as far as Ananda's perspective is concerned, I think in this sector Ananda is doing a very good job and by collecting milk and paying on time to the farmers, Jai Sir, I would like to know from you Jai Gupta Sir, this is our regional head of SIDBI and that you do not do direct financing. Your financing means not even direct consumer. You are through the channel , through the banks. Sorry financing has been a very important issue. For all those people who want to do something. In the last few years, when I talk to people from small to big about financing and the founder of Volti EV who is with us, Varun ji, Varun Chaturvedi ji, his tenure is around 10 years, that is around 10 years. So if I look at the last 810 years, I think financing is no longer a big issue for any company. If your vision is right, if your product has substance in whatever you want to bring, then there are people willing to invest in it. This is my own personal experience. Whether you are able to reach him or not is another matter. I would like to know from the perspective of SIDBI, what has been your view regarding the last 5-6 years ? Regarding the availability of financing in Uttar Pradesh and especially the demand, what kind of demand was coming in the last 5 years. What kind of demand is coming now? What kind of demand and financing do you think is required in UP? I would like to know your perspective on this. Thank you Jha sir. I would like to make a slight correction to your statement that we are an indirect financial institution. It's not like that. For the last 20 years, we have been directly approaching our sector of Micro Small and Medium Enterprises and also financing them directly. Okay, I have just finished reading your sir's exam, so we were discussing it with him also. And we also offered them that we can directly provide them yes consumer, I was talking about direct consumer financing. Yes. So direct means you are not in retail financing. You are also into retail financing. You are in retail. Yes yes yes yes that's what I'm trying to say. Sanjeev, Sanjeev Kumar Jha ji can take direct loan from SIDBI. What I mean to say is yes, if you have Udyam registration then yes that is what I was trying to say. So SIDBI stands for Micro Small and Medium Enterprises. So our first condition is that whoever I am financing, whether directly or indirectly, should have MSME certification. So, if I talk about Uttar Pradesh today, then any MSME of Uttar Pradesh, if they want to start any business, be it in trading or service or manufacturing, then either to set up their project or to modernize their project to expand it further or if you have the requirement of working capital, then end to end products are available with us. We also have a good collaboration with IIT Kanpur. Wherever SIDBI is running its incubation centre. So, if you have an idea that you want to incubate, you can take your ideas further through our association with IIT Kanpur. As far as you talked about the possibilities in UP, I feel that just as UP is the heart of India, similarly the MSME segment is the heart of any state. Now it would not be an exaggeration for me to say this. You might have heard many times that MSM is the backbone of the Indian economy. How do they contribute to the GDP? How do they contribute to employment opportunities? And as an apex financial institution which works for the promotion, development and financing of MSMEs, the role of Sibli becomes very important. Correct. Looking at the potential of MSME in UP, as of today, if I talk about a year or two years ago, SIDBI hardly had six or seven branches, but today we have 15 branches here and we are going to open a branch in Jhansi also. So there is a lot of potential for MSMEs for us. And as far as sector specific matters are concerned, whether it is Defence Corridor or manufacturing or if we are talking about food processing, then it is food processing, textile park, SIDBI has different products for all these major activities. It is an innovative product. And the biggest thing that comes to any industry is that of two seasons. Capital and Collateral. Meaning MSMEs do not have capital. Nor do they face the challenge of fulfilling the collateral requirements when they take the loan. So SIDBI also has a solution for these two seats. Now since there is shortage of time in this forum, I will not go into much detail. But you have an affordable credit, an easy [clears throat] way of credit and we are a digital bank. So here that process also happens completely digitally. Be it your loan appraisal or documentation or disbursement. So the combination of these three things of ease of doing business is available to you with SIDBI. Thank you. Thank you. Ah DP Singh Sir how do you as President of SOM UP UK see this thing which is Mission UP20240. From your perspective, where do you see it today ? Where do you think we will be by 2047? Will you reach first or will you reach later? Thanks Jaji. Yes, and I welcome all our panelists on behalf of the Associated Chamber of Commerce and Industry, Uttar Pradesh, Uttarakhand. Let me tell you that our target is to take India to $5 trillion in 2047 and we have placed ourselves in the competition that we will take it to $1 trillion in 2030 itself. Yes, this is the target of UP, which I am seeing, all our colleagues sitting here or our industry partners who could not come here due to some reasons, our panelists sitting here, all of them know that we are moving towards making Uttar Pradesh the number one state right now and in this, cooperation of every person is a must and we are doing it too because our leader is like this, our most respected Yogi Adityanath ji, look at the state, whatever target is set in the country, we are trying to take Uttar Pradesh to number one in almost every field. So that our Uttar Pradesh becomes the leading state of the country and works as the engine of growth. So you can certainly imagine that we are going to be one of the highest contributing states in the country towards that goal. We will definitely deliver five clear by 47. We are taking this as our target. In this context, you might have seen that recently we had invited ambassadors from about 40 countries across the world and we told them about our state. All our ministers have just said many things. All of you are saying the same thing that we should first tell our state that whatever is visible is what sells. Till now we only looked at the models of Gujarat and Maharashtra. But today our Uttar Pradesh is leaving everyone behind and moving into the race for number one. Just now Nitin ji told Ananda that we have become the first in milk production. We have entered the field of agriculture. In this way we are achieving all our goals in different areas. In which we used to talk to our Shrivastava ji many times. So we are also doing a lot of work in the field of export. That's why we just organised a mango festival. Almost all our mangoes from Malihabad and our representatives from around 20 countries had come to the Mango Festival at that time. In which there were around four to five ambassadors. Then there were the Trade Commissioners. We have tried to penetrate into Europe. Our mangoes were not exported to America. I sent my mangoes to the ambassador there and fed them to him. He was unable to come on his own. His Ah Trade Commissioner was able to come. We penetrated into Canada. We are not able to go to Japan right now. But we will touch on those as well. So in this way our economy is growing in every field. So we are looking at how we can take our state to its leading role. So definitely we will achieve that target by 47 in which Uttar Pradesh will play a major role. Thank you very much. Before I come to Alok Srivastava Sir, let me understand his point of view. I would like to tell you one thing that this session is not a closed end. All of you are partners in this. Its stakeholders and wherever you feel that you did not understand something from any of our respected speakers. However, this will happen less. But if it happens then please do let me know. raise hands. Tell the name. If you have any questions, you can definitely ask. We do n't need to wait for any question and answer session for that. We can ask from there. Alok Sir, now Sir, having a consumption economy has its own advantages. But UP consumption, we entire India has been a consumption driven economy. Now we are moving towards production driven economy and exports play a big role in it. Just now the Minister said that we all know that through ODOP, through Wonder Street One Product, now we are taking it to the block level, sorry, now we are taking it to the block level. So, exports are going to play a very important role in all this. It has happened before and is going to happen again. So, from your perspective, how do you see the Federation of Indian Export Organisations, which is one of the top export bodies in India ? If we talk about the last four-five years, how has the export of Uttar Pradesh been ? Which sectors has it been focusing on? What do you think will happen next? What kind of exports need to be promoted, which ones need to be given a chance or which ones can grow significantly in the future? Thank you very much [sound of clearing throat] Mr. Sanjeev. Before we get into ours, let us answer your questions. I would like to give our audience a round of applause. Give your thanks. When we talk about Uttar Pradesh, as Sanjeev ji said, my name is Alok Srivastava, this is the highest institution of the Government of India where we empower and facilitate exporters and help them from local to global. When we look at exports, Uttar Pradesh is today one of the fastest growing economies in the country. First thing. Secondly, when we talk about developed India 2047, then why developed India 2047? India will move from a developed nation to a developing nation by 2047 and we will celebrate 100 years of our independence. All of you are going to have an important role in that. The vision of the Honorable Prime Minister is that the economy of any country can become strong only when our MSMEs move forward in the field of exports. When we talk about self-reliance for ourselves, then employment for ourselves comes first and then all those people who can contribute to your journey will have an important role in the goal of developed India 2047. When we talk about Uttar Pradesh. When we talk about Uttar Pradesh, despite being a landlocked state, Uttar Pradesh is playing an important role in the field of exports among the top five states. It includes all those MSMEs, all those small entrepreneurs who have moved from local to global. The Honorable Chief Minister just talked about Gujarat that Gujarat is at the top in GST collection, followed by Maharashtra in GST collection, followed by Uttar Pradesh. When we look at exports, we find that Gujarat is number one because it is a coastal state. Maharashtra is at number two. Tamil Nadu is at number three. Karnataka at number four and Uttar Pradesh at number five. You said what growth have we seen in Uttar Pradesh in the last five-six years? If we talk about 2017-2018, the total export of Uttar Pradesh was around Rs 88,000 crore. Today's exports are continuously increasing rapidly. Uttar Pradesh is a state of unlimited possibilities. Today, the figures of 25-26 that we analyzed, exports worth Rs 21241 crore were done from Uttar Pradesh, in which all those sectors which are MSMEs and SMEs which are contributing to the exports of the state in some way or the other, all of them have contributed. These products, whether we talk about leather, we talk about clothes, we talk about engineering, food items, processing, defence production or service sector, there are many people who are from hospitality sectors or are contributing in tourism sectors. Just on 15th July, under the leadership of the Honourable Prime Minister, we organised the flag off ceremony of the free trade agreement between India and Britain across the country and it was celebrated with great enthusiasm at all the ports of the country. Why are these free trade agreements becoming important? This free trade agreement is continuously making all the countries of the world turn towards India to see how the products of the export-oriented states can reach all the countries of the world. Duty free products arrived and our exporters moved ahead rapidly. So, if we talk about developed India 2047, Sanjeev ji, then let us assume that the growth engine of the state is our exports. If we talk about the backbone of the state's economy, it is our exports. If we have to create foreign exchange and generate employment, then we have no other option except export. As we talked about the UK, I will conclude by saying one last thing. Like we talked about the UK. Before July 15, any product that went from India to the state or from Lucknow to the United Kingdom had a tariff of around five to 70%, and if we talk about processed foods, then it was 70%. After July 15, all those tariffs have become zero. So these are such opportunities which are playing a big role in the Developed India Mission 2047 of Uttar Pradesh. So thank you very much Sanjeev ji. Over to you. Thank you. And Varun ji Volti Kiwi Varun Chaturvedi ji ah Founder CEO says again I would like to say that it is said that do not ask the blacksmith about the taste of iron, ask the horse which has the reins in its mouth. I think you are one of them because you started in 2017 and it has been almost 10 years, you know all those problems somewhere or the other, so in all these discussions that have happened now, how many things do you agree with [sound of clearing throat], how many do you not agree with and what is your view on this because you have set up a company, you mean you must have heard the name of Volti TV, if you know about charging infrastructure, it means it almost started from UP, it started from this city, if I am right, I come from a very small city, from Azamgarh. Ok. [laughter] So that's where I started. So where did you first install your charging station ? We installed the first one in Bengaluru. Well, it was installed in Bangalore. You went out in that too. Okay, no problem. nobody. So how do you see this journey of 10 years and the future of Uttar Pradesh when we talk about 2047, then from your perspective, from the technology perspective, in a new I, he was also in front of us, the founder of Notepedia, I wanted to know from him also that you have started a new work, so how does it feel from your perspective, but right now I would like to know from you [sound of clearing throat] thank you Sanjeev, so see, any new startup or at first everyone is a startup. Later comes MSME. So he needs two things. The first is policy. So when we started in 2016-17, the EV policy was just framed and launched. So the first road block that happens today is if we talk from the perspective of UP, then UP has a very attractive EV policy, whether it was manufacturing or not, it was not there then, it was notified in 2022 and is still running, at that time the Indian Government launched it and the second biggest hurdle which was being discussed right now is financing, for any new startup or any company, especially in the MSME sector, financing working capital or setting up a new manufacturing unit is very important because no one brings such a huge capital from home. Absolutely. So in today's perspective, if I recap the journey of the last 10 years, we have seen all the hurdles. I have seen all the ups and downs. But the result of that today is completely due to the support that the government gave us in terms of policy making. Second Financing. There are many institutions for financing. Of course SIDBI is one of them. There are many banks that provide green funding and even private investors. And thirdly, how to promote new technology. Even if we are talking about a 1 trillion economy in UP in the next five years, the government is focusing on all the emerging sectors like AI, digital infrastructure, semiconductor, electric vehicle, tourism, because traditional businesses are already running. Opportunity investment and employment are going to come in the new businesses. So for that it is very important that a proper policy framework should be made from the government side and after making it, it should be implemented and a perfect example of that is my own company. I started in 2017 from Azamgarh. Now my company registered here in Lucknow. We are working across India. We have presence across India on pan India basis. I think Maharashtra has the maximum number of charging stations. No, most of our population is in the southern part. Now UP is the target because now the policy framework is being implemented here. We are starting manufacturing here. We are also working on the requirements and tenders of many governments here in private public partnership. And I also feel very proud to say that from up you can start anything. The government has very good policies. Very good supports. And one point that was probably on our agenda was that we are the producers. Same time we are a demand market as well. Correct. UP itself, you are talking about 20% population, so if we talk about EV sales, UP is at the top in India and it is consumed in UP only. Be it three wheeler sales or two wheeler sales. Same way we are producing maximum number of semiconductor phones in UP. More than 60-65% of the production is in UP. So there are many opportunities. But the thing is that if the person who takes the risk gets a little bit of government policy financing at the right time, then he will get the same outcome as me. Agnihotri sir, please say sir. Policy is important. More than that, I think the stability and sustainability of the policy is important. I am alright! Absolutely fine. Thank you. So, what do you think now, the policy we were talking about in Uttar Pradesh, in fact, we were talking about it across India, but the states which have done good work are moving ahead well. How important do you think where we stand in terms of policy sustainability is for any business ? Are we heading towards 2002, ah 2047, are we heading in that direction? The answer is absolutely yes. And in any venture, I mean as a student you can talk about it and as a technologist as a policy maker the real effects come from compounding. Starting from weight loss. I mean it ends and when does compounding happen? When the system is stable. Whatever new snowball effects you generate when the critical point is passed for any business. So looking back at the past, I mean the government has indeed provided a very stable platform and today the policy outcomes or the kind of bets the government is taking on future entrepreneurs or people who want to start these kinds of ventures, it is only because now the compounding effects are starting to show. You never talk about such large check sizes even instructions like Sibi and RDI funds that is coming along we are entering that era of critical point is passing. So, uh 2047 I mean I think we're all set. No problem late. It just has to remain stable. The compounding effect is if something breaks down then to build it back it takes a huge amount. Jitendra Sir, I will again take this forward with you. Ah Mike please. Yes. Oh, okay, okay. Thank you. Now it seems that in Uttar Pradesh and many other states, we have infrastructure, stability, money and people who can make very good use of all this. My genuine question, meaning a very fundamental question, is how can we maintain this, this is important. Getting to the top is not that important. It is important to stay on top. Okay, right? So how can we stay on top of that? Can you maintain this ? What is Ananda's perspective on this? Basically, apart from Ananda perspective, if we look at it from a general perspective, then one of the capabilities that we have when there is attitude development, our population is in Uttar Pradesh which is the highest, I think it is very high in the world also, 25 crore people live here and about 56% of the people are below 35 years of age. There is a huge opportunity in UP by engaging such a huge youth population in the right way and what we are thinking about Vision 2047 that we will become a 1 trillion economy, then these people will do it, what we are talking about today, I think the coming generations who are not even born yet will go and do their work in 2047, so their work will have to be started from now, that is called gaining an attitude knowledge. I have done BA, B.Sc, MBA, IIT and a lot more. But there is a skill which is developed, which is called the ability triangle, a lot of work has to be done in that skill in the ability triangle. I think if we give the right direction to the youth, only then will we be able to take Uttar Pradesh much further. Because if you look geographically, it is about 550 km from Uttar Pradesh. 40% of India's population lives within this distance. The population remains. So there is a huge opportunity for us and a lot of work is being done in infrastructure development. The government's policies are very positive. Every day something new or the other comes to us in the latest news that a form has been formed by UP Agriz. Yes and a lot of entrepreneurs are coming to that UP agriculture. People not only from here but also from outside are coming who will do a lot of work in UP and many such talks are going on regarding carbon credits in which 70% of the jewellery will be used for export. We are having these kinds of conversations. So I feel that the future of UP is going to be very good. But there is a need for skill development which I will retrace and I will say again. I think there is a great need to give right direction to the youth and skill development in every sector. There is a vast ocean of AI and skill development and the confrontation between both. I won't touch that right now because it's like a fifteen box. Once it opens, many things will come to light. But one thing that's nice [sound of clearing throat] is we have the head of Sydney. How many of you are businessmen here? I accept almost all of them. Anyone need money finance ? It's in front here, sir. You can talk, you can ask. If you have any problem or any question, please tell us the name of your company and then ask the question. Good afternoon. I am Dr. Nida. I am the CEO of Integral Startups Foundation which is an incubation center of Integral University and that is recognized by Staten UP Government of UP as well as Ministry of MSME. So my question to Jai Gupta ji is that we are currently nurturing more than 100 startups and grass roots innovators and a recently graduated startup which is into manufacturing of organic Khadi is now generating a revenue of more than Rs 35 crore and exporting its products to almost all the European countries. And generating livelihoods for 3,500 plus rural women. Ah since you have just mentioned that you support the Incubation Centre of IIT Kanpur. What support can we look forward to from SIDBI SN Incubation Centre? Thanks. Thanks for your question. So as I told earlier, SIDBI supports the MSMEs in their entire growth story and growth journey if I can say so. In so if you are a startup with an idea then IIT Kanpur is there to support you as a part of incubation centre. Now once your idea has gone grown up and it has become a little reality but you are still yet to stabilize your operations then just to inform you that we also manage funds like UP state we are managing we are the fund manager for startup fund of 1000 crore and parallelly at the pan India level we are managing fund of funds operation which is a 10,000 crore funds of Government of India. So when you are yet to stabilize your idea and then you are still in the growth part then through the kind of funds you can get your equity support [nasal sound] many times the equity does not suit you so to take care of that we have come up with this scheme where in we finance your venture as a part of venture debt also because generally what happens because of your capital constraints you do not meet the basic banking requirement if I talk about normal loan products like your equity ratio and TOL up to tnw where in the general banking they ask for for each one of your rupee I can go ah funding you up to ₹3 but because of capital constraints you do not get that kind of funding from the normal bank. So, for that, we are having this venture date concept also. And once your operation stabilized like just like him there like his been 10 years old startup. His operations have already stabilized. So, I can suggest him a various SIDBI loan products which is a basically debt funding. Where in I can finance you for singing up of your project for purchase of your machines, for your solar financing, your working capital, anything and everything. And at the growth stage now if you want to fly and then I see that there is scope for you to list your company in the market I can support you for IPO funding also and SIDBI we are a patient capital in future also so if I see the opportunity I can be your equity partner also sir there is a plethora of schemes and product just one more question like if a startup is incubated at our incubation centre and not IIT Kanpur then also they are eligible for the support from SIDBI. Please come back I didn't get you. If the startup is not incubated at IIT Kanpur and the startup is already incubated at our incubation centre then also the startup is eligible for the support that you are mentioning. Yes, yes, why not, why not. But But I want to I want to put in one rider. Ah everybody thinks that's okay, I am eligible. Banks are not funding me why and all those things. So there should be a clear differentiation between you being eligible and then you being considered as a bankable also so there is a gap in that the moment you fill the two gaps that you are also eligible and you are also bankable you are going to get the support from the banking fraternity thank you someone else good right there next to you on this side yes ji good afternoon so I am Vikas founder of Sitabians IP. So I just want to ask a question about exports which you were talking about and SIDBI of course, we are always interested in MSB as to how to get financing. So if we have reached a level of technology readiness five, TRL five we say where the prodtotype is ready and we have tested for example in Indian you know market but hum jaise usko leke jaana chahte hain launch karna rhe ho, then what support can we expect from probably you know from financing side and from export side, give on example is Solve Intelligence, there is a company in our you know field which has the support of 50 million USD. And in India we are already making payments to the US. But if we want to bring USD back here using innovative solutions, then from one platform like SaaS platform etc., we can export you know US users back to their own solution as a better you know SaaS product through. So what support can we get in that? Can you give some suggestions and would you like to change to me? Or to yes or so I could understand your activity and it's purely intangible in nature. So what I suggest is that you can connect with any of our fund of fund managers and then you can get this venture funding for your requirement. I think that would be the most suitable product for you. Adding to the point, as you said, if you want to set up your own venture in USA, then Export Import Bank of India, Exim Bank of India is there to assist you in setting up any kind of project and business overseas from India to the particular market. The Government of India has allocated a lot of funds through a certain special mechanism, be it line of credit or any kind of collaboration, if you want to work in foreign markets, then Exim Bank of India has its office in Lucknow. He will definitely help you on the basis of your project, he will definitely support you to boost exports from the state as well. Thank you. Before I wrap up this session. I would like to start with a question from all of you, Varun ji. The question is the same. In our target of 2047, what do we have to do by 2029-30 so that we can come very close to that target? According to you, what is that one thing that we definitely have to do by 2030? See, it is not that there is only one point, what is the most important according to you? The main point regarding that is investment, okay, because the basic core of any industry, whether it is in UP or outside UP, everybody wants investment and investment should come from even banks and foreign countries, then investment will happen only through scalability funding. And then only you can able to sustain your product and scale your product and then whatever the demand is in the geography you can go there. Alok Sir, what is your view if we talk about what should be done by 2030 ? For example, the Uttar Pradesh government has set an export target of Rs 4 lakh crore by 2030, which is currently Rs 2 lakh crore. If we have to achieve that target, we need to strengthen MSMEs and most importantly, we need to skill them. When we have the skilled manpower we want, be it in the form of skilling or mentoring, when our industry becomes strong, then we will be able to achieve any target. It is our perspective that skilling is the need of the hour. Skill. So investment skills. DP Sir, I want to add to that that look, in the coming time, it is possible that in the next 10 to 15 days, we will upgrade your existing manpower here or how can we further skill your industry, only skills are being talked about, skills are being talked about but today we are only giving traditional training to our fitters, electricians, plumbers or even those who have not taken training, how will those workers work now, how will we scale up, so to scale up, then right now we have Dassault System, you all must have heard about its software, any big company in the world, every person uses Dassault System, which is a French company and that software is its, be it Mercedes , BMW or your Boeing or Rafale and whoever you can name, they supply that software to all of them. We have signed an agreement with them, in collaboration with Invest UP, we have identified about five to six such places where your industry is located, where we can go and take your existing semi-skilled or unskilled people towards skills. Those who are skilled, from the foreman's side to the supervisor's side, we will equip them with AI. How can we take them and ourselves forward by connecting them with robotics? So all this we are going to do further skilling, now skilling reskilling is more important. We will take forward our existing unit. Jai Sir, according to you, three things have come out so far. What do you think is the most important thing? According to me, realignment of all these factors is very important. You cannot quantify and identify a particular set of processes and practices which is going to lead us to 2047 India. As they say, unless all four wheels of the vehicle move in the same alignment, in the same direction, at the same speed, you cannot reach your goal. I believe whether it is RAD, government policy, capital investment , skilling, marketing, finance through banks and financial institutions. If all these factors do not realign and move in the same direction with the same approach, then we will not be able to imagine a developed India as per your expectations. According to me, I think strengthening of the rural economy and investment in rural India, rural Uttar Pradesh, that will add a lot of value because still 68% of the consumption happens in rural areas. Right? And 70% of the population remains the same. So we will strengthen it, only then our strength of one trillion economy will come from there by 2030. However, now I feel that a lot of work has started happening. Your Agnihotri Sir, what is your perspective on this ? Like a technocrat, just hire the best people you possibly can get. Talent is the only thing which is the limiting factor. There is a classic example. There are so many knowledge videos on YouTube. But how many people read it? Still right? Scarcity Remains Exactly the Same. Thank you. I would like to conclude this session here with these very valuable thoughts and suggestions from all of you. Thank you all so very much. If we have any questions, we can take them later. You can take it during lunch time. Can be taken offline. You can write to them and we can interact with them in other ways. I am in between that, if you want you can talk through me. It is available directly as it may be. So now I conclude this session here and thank you all very much for coming here.