Deloitte India to help UP achieve $1 trillion target

The state Cabinet approved a proposal to appoint Deloitte India as the consultant to work with the government for making UP a USD 1 trillion economy. To take the state’s economy to USD 1 trillion, the government is preparing sectorwise plans in line with Prime Minister Narendra Modi’s goal to make India a USD 5 trillion economy. Chief Minister Yogi Adityanath has said that UP will have a crucial role to play in this scheme and therefore should work towards improving its own economy to at least USD 1 trillion.

Looking at the scope of work, a high-powered committee, headed by the CM, had proposed that a consultant be appointed. A senior official said that the contract with the company would be signed by July 31. The company will have to submit its first technical draft within 90 days after consultation with stakeholders and departments. A presentation will then be made before the high powered committee and based on its inputs, a final plan will have to be submitted within 150 days of signing the contract As per that timeline, the preliminary plan should be ready by the end of October and final draft by the year-end.

“This draft will be a complete roadmap for various sectors like agriculture, investment, tourism etc. The company will study the model in other states and countries which have seen accelerated growth. It will assess where various sectors in the state are placed, their plans and policies etc and present a roadmap with complete evidence and timelines,” a senior official said.

The consultant will be paid Rs 120 crore plus GST for this project. Out of this, 10% will be issued on the acceptance of the first draft and then in 18 quarterly installments over the next 4.5 years.

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