New film city being developed in UP: Yogi Adityanath

Uttar Pradesh chief minister Yogi Adityanath said on Wednesday that Bollywood will work in Mumbai but a new film city will be built in UP. Speaking to reporters in Mumbai, Adityanath said, “Nobody is taking anything away. This is an open competition. Whoever can give social security and a conducive atmosphere for working will get business.”

“Bollywood will work in Mumbai but a new film city will be built in UP. We will build a world class film city with all facilities. I spoke to filmmakers and people related. We are not stealing any state’s investment,” the UP chief minister added.Adityanath said that there are many factors that drive investments, including stability of the state government.“Uttar Pradesh has a population of 24 crore. The state is the biggest job creator with 1.25 lakh jobs,” the chief minister said, highlighting the achievements of his government. Adityanath was in Mumbai for the listing of Luvknow Municipal Corporation Bonds on the Bombay Stock Exchange (BSE). He said it is a matter of pride for UP that the Lucknow Municipal Corporation has raised Rs 200 crore through its bonds.

“It is the trust of the investors, which UP has earned during the last three-and-a-half years. It will augment our effort to improve infrastructure in urban areas. It shows the improvement in the industrial climate of the state and the trust the investors have reposed in the machinery,” said Adityanath. According to UP Chief Minister’s Office, the Lucknow Municipal Corporation has become the first civic body in north India to issue bonds, even as the process of issuing municipal bonds by civic bodies started in the country in 1997.