Impressed by Uttar Pradesh's investment-friendly policies and atmosphere, as many as 22 investors from Gujarat signed Rs 38,000 crore Memoranda of Understanding (MoU) to invest in the state.
Cabinet Minister AK Sharma at the Uttar Pradesh Global Investor Summit 2023 (Photo by @muzammilnshaikh on Twitter)
By Saurabh Vaktania: As many as 22 investors from Gujarat signed Rs 38 crore Memoranda of Understanding (MoU) to invest in Uttar Pradesh during Business to Government (B2G) meetings and roadshows hosted in Ahmedabad on Friday. More than 50,000 job opportunities will be created directly or indirectly through these MoUs.
Also, several other investors expressed their desire to invest billions of rupees in Uttar Pradesh. These investors will finalize their investment by participating in the UP Global Investors Summit-23 to be held in Lucknow in February.
The B2G meetings and roadshows in Ahmedabad were led by Cabinet Minister AK Sharma. He was accompanied by Cabinet Minister Jitin Prasad, State Minister Jayendra Pratap Singh Rathore and advisers to Chief Minister Yogi Adityanath, Avanish Awasthi, GN Singh and other senior UP government officials.
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INDUSTRIALS INVITED TO INVEST IN UP
Urban Development and Energy Cabinet Minister AK Sharma and PWD Cabinet Minister Jitin Prasada invited industrialists to invest in the state while outlining the investment-friendly policies of the Yogi government.
State Minister Jayendra Pratap Singh Rathore said UP's politics and environment are the best and invited investors to "take advantage of the important market."
B2G meetings were held all day before the fair with more than 30 investors taking input from UP delegates on investment prospects in the state, as well as the many exemptions and relief the policies provide.
Torrent Pharma, a well-known pharmaceutical company from Gujarat, signed the largest MoUs for Rs 25,000 crore. Along with this, Amul India signed a Rs 900 crore MoU to set up a new milk plant in the Baghpat district of Uttar Pradesh. In addition, nine MoUs were for Rs 1 billion or more. A total of 22 MoUs worth Rs 38,000 crore were signed.
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INVESTMENT PROPOSALS
Investments were received in sectors including milk processing units, dairy farm, research and development laboratory, herdsman training, renewable energy, solar city, pharmaceutical park, green hydrogen, infrastructure, textile, manufacturing, pharmaceutical, medical device park , medicines, health care products. , hotel industry, tourism, chemical sector, food and beverage industry, sports industry, waste management solution, multi-specialty hospital, hydroelectric power station, petrochemical industry, data center, logistics and storage, among others.
Investors included Torrent Pharma, Arvind Mills Ltd, Hirise Hospitality, Azul Denimkart, Balaji Foods Pvt. Ltd and Amul India, among others.
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