News around you

UP govt inks MoUs of Rs 7K Cr. in Kolkata ahead of Global Summit

https://twitter.com/i/status/1615326959273410563 Lucknow: In yet another successful roadshow held in West Bengal’s capital Kolkata on Tuesday in run up to the Global Investors Summit to be held next month, the Uttar Pradesh Government headed by Chief Minister Yogi Adityanath signed Memorandums of Understanding (MoUs) worth around Rs 7,000 crore in projects belonging to different sectors, which are projected to provide employment opportunities for 14,000 youths of the state.
The agreements were signed in the presence of UP’s Industrial Development Minister Nand Gopal Gupta ‘Nandi’, Labor and Employment Minister Anil Rajbhar, Transport Minister Daya Shankar Singh and Minister of State for IT Ajit Pal Singh among others.
The Government signed MoUs with Greentech Environment Private Limited and Captain Steel worth Rs 2,000 and Rs 1,650 crore respectively. An agreement worth Rs 630 crore was also signed with Shyam Metallics, Rs 500 crore each with Haldiram Bhujiawala and Balaji Wafers and Rs 250 crore each with Tata Steel Downstream Products Limited and SRMB.
Besides, MoUs worth Rs 50 crore, Rs 200 crore, Rs 25 crore and Rs 50 crore were signed with Anmol Feeds for Fish Farming, Allenberry (Medical Gas), Eastern Equipment ENT and Lux Industry Limited 50 crores in textile respectively. The government also signed MoUs worth Rs 400 crore, Rs 200 crore and Rs 150 crore with Infinity Infotech Park, Char Nauk Hospital (SKM Group) and Meghdootam Travels signed respectively.
Tata Steel Downstream Products Limited has agreed to provide employment opportunities to 300 people, Haldiram Bhujiawala to 1500 youths, Anmol Feeds to 200, Greentech Environment Private Limited to 5,000, Allenberry (Medical Gas) to 200, Shyam Metalics to 720, Eastern Equipment ENT to 50 and Lux Industries Limited to 500. Captain Steel will provide 1,800, Char Nauk Hospital (SKM Group) 1,700 jobs, SRMB 750 jobs in steel manufacturing, Infinity Infotech Park 500, Balaji Wafers 1,500 for food processing and Meghdootam Travels 5,000 jobs.
In a video message to the investors on the occasion, CM Yogi invited the investor to the Global Investors Summit to be held in Lucknow in February this year as well as to invest in the state and be part of the speed of India’s growth engine.
The CM said that even during the Covid pandemic the state attracted investment of Rs 4 lakh crore which reflected the trust that the state has been able to build among investors in recent times with better law and order and infrastructure in the state.
He said that under the leadership of Prime Minister Narendra Modi, India has emerged as a favourite investment destination for investors abroad and by following the PM’s mantra of ‘Reform, Perform and Transform’ UP has emerged as the new growth engine of the country.
He said, “UP boasts of good governance, sound law and order, ease of doing business in which the state is number two in the country, robust infrastructure and largest consumer market and is on its way to becoming the second largest economy in the country.”
Yogi said, “Six expressways have been completed while seven are under construction in the state. Nine airports, including three internationals, are operational while construction of 10 others, including two international ones, is underway. The national waterway between Haldia and Varanasi has been opened. The government has launched a single window portal Nivesh Mitra to facilitate setting up of units and provide online incentive management for investors.”
The CM said the GSDP of the UP is estimated at 21 lakh crores in the 2022-23 financial year, which is 65 percent higher than the figure in 2016-17. He said that UP was contributing 8 per cent to the GDP while the average annual growth rate of its economy is 11 percent.
Speaking on the occasion, Minister for Industrial Development Nand Gopal Gupta ‘Nandi’ said that the UP government has provided incentives of Rs 1,800 crore to the investors since 2018, said Chairman of CII, West Bengal.

You might also like
Leave A Reply

Your email address will not be published.