Ahead of the Global Investor Summit (GIS) 2023 to be held in Lucknow from February 10-12, the Uttar Pradesh government held a business-to-government (B2G) tour and meetings in Ahmedabad on Friday where signed 22 memorandums of understanding (MoUs). ) to worth $Rs 38,000 crore was signed.
The B2G meetings and roadshows in Ahmedabad were led by Cabinet Minister AK Sharma, who was joined by his Cabinet colleague Jitin Prasad, State Minister Jayendra Pratap Singh Rathore and advisers to Prime Minister Avanish Awasthi, GN Singh and others. high officials of the UP government. .
Torrent Pharma, a well-known pharmaceutical company based in Ahmedabad, signed an MoU to $25,000 crores. Amul India signed a MoU of $Rs 900 crore to establish a new milk plant in the Baghpat district of Uttar Pradesh. Nine MoUs were from $1,000 crores or more.
“These investors will finalize their investment by participating in the UP Global Investors Summit-23 to be held in the capital Lucknow in February,” said a Gujarat government press release.
The Torrent group is already working in the electricity and gas sector in 16 UP districts and now wants to invest in the pharmaceutical sectors, the statement said.
Jinal Mehta, Managing Director of Torrent Group, said: “The work done by CM Yogi Adiyanath led the government in the last five and a half years to make UP crime free, create strong infrastructure, connectivity of roads, airports and highways. it is commendable. As a result, we want to invest more in the state.”
Dr. Viranchi Shah, National Chairman of the Indian Drug Manufacturers Association, said the way the Uttar Pradesh government is promoting innovative ideas has encouraged them to invest in the state. “Impressed by the government's business creation policy and ease of starting businesses, we are looking forward to establishing our unit at UP. Investors are really pleased with the facilities and the relief that the government has chosen to offer,” he said.
Rajiv Gandhi, founder, CEO and CEO of Hester Biosciences Limited praised Uttar Pradesh for its infrastructure, sizeable market and easy availability of manpower. His company manufactures animal vaccines on a large scale in Gujarat. Looking at the industrial policy of the Yogi government in Uttar Pradesh, the company plans to set up a plant for animal health products, natural products and formulations, according to the press release.
