PM Modi inaugurated two-day global acme UP Investors Summit 2018. PM is accompanied with CM Yogi Adityanath, governor Ram Naik and the industrial development minister.
Yogi-led-Uttar Pradesh government has formulated industrial policy to create a center of attention for investment in the largest state of India after reviewing policies of various states.
The focus of the summit is on the major sectors like farming, dairy, information technology, civil aviation, tourism, electronics, MSME, and renewable energy. This summit is expected to get investment, apart from that sectors like logistics, textiles and garments will also get investment.
Zee group will make an investment of Rs 18,750 crore in Uttar Pradesh, says chairman Subhash Chandra.
Mahindra group will stand by CM Yogi Adityanath in his endeavour to take UP forward, said Anand Mahindra.
Anand Mahindra, chairman of Mahindra Group, announcesd Rs 200 crore Club Mahindra facility in Varanasi.Mauritius, Japan, Netherlands, Finland, Czech Republic, Slovakia and Thailand are associate countries.
Plan to invest 25,000 crore in UP said Kumar Mangalam
Vast untapped potential in the agrarian sector. Two key factors will drive the growth of UP. One is the investment-friendly government and the other is the availability of the human resources. UP is a land of opportunities. The rate of economic growth of the state is 10.5%. The state also has close proximity with the NCR, giving it an edge over the other states. We are the largest private-based investors in the state. UP will become Aditya Birla's highest investment state. Plans to invest 25,000 crore in the state in the next few years. We will continue to participate in the growth of the state and will be partners in developing the vision of New India”, said Kumar Mangalam
Gautam Adani announced investment of RS 35000 crore over next three years in UP while Mukesh Ambani announced at UP investors' Summit in Lucknow, “Jio is one of the largest investors in UP with investments over Rs 20,000 Cr investment. Jio will be present in every single village in UP by the end of 2018”, Mukesh Ambani at UP investors' Summit in Lucknow quoted by ANI