Delhi roadshow of UP govt nets Rs 2.75 lakh cr plus MOUs
Lucknow: Team UP’s visit to Delhi turned out to be a success, as the Uttar Pradesh government received investment proposals of more than Rs 2.75 lakh crore at the Delhi Roadshow organized on Friday in a run-up to the UP Global Investors Summit, a government spokesman said here.
The spokesman said that the biggest investment came from the UK-based Causis Group, which inked an MoU to invest Rs 1.25 lakh crore in the electric vehicle sector. “This UK company plans to establish an EV Tech Park and manufacture EVs in UP. This one project alone is expected to directly employ almost 30,000 people,” he said.
Similarly, REC Limited has proposed an investment of Rs 65,350 crore to set up a renewable energy unit. At the same time, Yashoda Super Specialty Hospital will invest about Rs 500 crore in establishing a Biotech Park and 300-bedded hospital in Greater Noida, while Yashoda Medicity will invest Rs 800 crore in Ghaziabad to set up a new hi-tech hospital with a capacity of 1200 beds. A formal agreement has been made.
In addition, the path was cleared for significant investment agreements with NTPC Limited, Ananda Dairy, JBM Group, etc. With these investment agreements in Delhi, about one lakh new opportunities for direct employment will be created.
UP is scripting a new saga of economic development under the leadership of Chief Minister Yogi Adityanath. After conducting roadshows abroad, the UP government organised the roadshow in Delhi on Friday as part of its mission to develop the state into a 1 trillion-dollar economy through the Global Investors Summit to be organised between February 10 to 12 in Lucknow.
Leading industrialists from India and abroad participated in the programme organised in Delhi. A Memorandum of Understanding (MoU) was signed by industrialists for an investment of approximately Rs. 1.25 lakh crore.
Addressing the investors virtually, CM Yogi Adityanath discussed various opportunities in UP for investors in the upcoming years. The roadshow was also addressed by India’s G-20 Sherpa Amitabh Kant, UP Chief Secretary Durga Shankar Mishra, Industrial Development Minister Nand Gopal Gupta Nandi, Urban Development and Energy Minister AK Sharma, Director General of the Confederation of Indian Industry Chandrajit Banerjee, and other dignitaries.
UP Chief Secretary Durga Shankar Mishra said in his address that CM Yogi Adityanath has changed the face of UP in the last six years. All-round development is taking place in UP. Industrial Development Minister Nand Gopal Gupta Nandi invited industrialists to invest in the state while explaining the investment-friendly policies of the Yogi government.
The investors who participated in the road show appreciated the new UP. Satish Kumar, director of AB Mauri Group, said that we have invested Rs 11,000 crore in UP. A plant has been set up in Pilibhit. Two years ago, the company went to many cities for investment, but the facilities provided by the UP government encouraged it to invest here.
Mapei CEO Sanjay Bhalla said that working with the UP government has been a great experience. “Any issue pertaining to the industry is resolved quickly. The government is always ready to help industrialists. Here, the problem is solved on WhatsApp only. Inform the officials of the issue via WhatsApp, and it will be resolved shortly,” he said.
The woman officer, who came to participate in the roadshow in place of NTPC CMD Gurdeep Singh, said, “Our relationship with UP is very old. In the future, NTPC will continue to invest in UP. So far, we have invested Rs 5200 crore in UP. Today, four MoUs worth Rs 42,000 crore have been signed during this road show, apart from this, projects worth Rs 10,000 crore are currently underway in UP.”
Jackson Group Chairman Sameer Gupta said that UP is ideal for investment in every aspect. The government is extremely cooperative. UP is a huge market by itself. Anyone who makes an investment here will help accelerate India’s development.
While addressing the roadshow, UP CM Yogi Adityanath emphasised that under the efficient leadership of PM Narendra Modi, India has emerged as a favourite destination for investors and a new era of political stability and good governance has been created. UP, with its abundant natural resources, good governance, zero tolerance for crime and corruption, the largest consumer market, and the Nivesh Mitra single-window portal, is the leading state in ease of doing business and investment-friendly policies.
Yogi said that UP is the best place for investment in every aspect. “UP is contributing 8 per cent to India’s GDP. The economy of the state has increased by 11 per cent. Today, UP is in a position to become the second-largest economy in the country. Despite the global coronavirus pandemic, plans for a record Rs 4 lakh crore of investment in UP have begun. This demonstrates the faith that investors have in UP. UP is prepared to expedite India’s economic growth in accordance with the Prime Minister’s resolution,” he said.
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