Uttar Pradesh's Bold Vision: 20 Decacorn Companies by 2047
Uttar Pradesh unveils ambitious plan to host 20 decacorn companies worth $10B each by 2047, focusing on technology advancement and skilled workforce development to achieve $6T economy.
Uttar Pradesh Chief Minister Yogi Adityanath announcing the state's vision for technological advancement and economic growth by 2047
UP Government Unveils Ambitious Technology and Economic Growth Plan
Officials announced Sunday that Uttar Pradesh (UP) aims to host 15-20 decacorn companies, each valued at USD 10 billion, by 2047. This ambitious vision represents a significant shift in India's largest state's approach to technological development and economic growth, following the strategic development models seen in other emerging economies.
Transformative Technology Initiative
The state government is prioritizing advanced technologies including IT, AI, and deep tech while planning to train over four crore youths to become globally competitive. This initiative mirrors successful economic transformation strategies implemented in other developing nations.
Key Development Milestones
- Establishment of North India's first data centre in Gautam Buddha Nagar
- Development of AI cities in Lucknow and Kanpur by 2030
- Creation of 20 unicorn startups by 2030
- Collaboration with ISRO for satellite technology advancement
Economic Growth Targets
The state's vision, branded as 'Viksit UP @2047', sets ambitious targets including:
- USD 1 trillion economy by 2030
- USD 2 trillion by 2036
- USD 6 trillion by 2047
This economic transformation plan, while ambitious, reflects a careful balance between rapid development and institutional stability, essential for sustainable growth.
Focus on Skill Development
Chief Minister Yogi Adityanath's administration emphasizes comprehensive skill development, aiming to prepare a workforce of over four crore people for global competition. The initiative includes establishing world-class universities and R&D centres, with five educational institutions targeted to rank among the global top 200.
The goal is to train 100 per cent of the state's youth in industry-based skills and prepare a globally skilled workforce, positioning UP as a leading contributor to India's IT exports.
Letsile Tebogo
Lawyer and columnist, expert in traditional values and economic policy.