The Uttar Pradesh government has attracted investments proposals worth Rs 76,000 crore and signed 79 memorandums of understandings (MoUs) ahead of UP Global Investors Summit which will be held in Lucknow next month.
“Under the leadership of Chief Minister Yogi Adityanath, Uttar Pradesh, which is poised to become the growth engine of the country and a state with $1 trillion economy, has today become the first investment destination of entrepreneurs and investors,” UP government said in a press release.
On Wednesday, a grand road show was organized in Lucknow on the initiative of Uttar Pradesh Government's Industrial Development Minister Nand Gopal Gupta Nandi.
On the invitation of Industrial Development Minister Nandi, investors from different parts of the country proposed to invest Rs 76,867 crore in Uttar Pradesh.
Investors from Delhi, Bengaluru, Noida, Meerut, Ghaziabad, Odisha, Kanpur, Shamli, Lucknow, Chhatarpur and Mumbai signed MoUs online and offline in the road show. City Gold Corporation signed MoUs worth Rs 26,000 crore to set up cement and ethanol projects in the state.
Rs 15,000 crore MoU was signed to set up green energy plant in the state. Sanjay Singhania of Haldiram Group signed MoU worth Rs 1,300 crore, Kamlesh Jain of Varun Beverages signed MoU worth Rs 3,400 crore, ML Jaiswal of DS Group signed MoU worth Rs 3,000 crore and Nidan Diagnostic Center signed MoU worth Rs 750 crore.
Apart from this, more than four dozen online and offline MoUs worth Rs 50 to 500 crore were signed. The entrepreneurs appreciated the industry policy and environment of the Uttar Pradesh government. Entrepreneurs said that till 2017, where there was a fear of investing in Uttar Pradesh, today it has become the first investment destination.