NRI’s Expression of interest: Over 50 pc NRI’ send investment proposals to UP govt

LUCKNOW: More than 50 Non-Resident Indians (NRIs) have reportedly expressed their interest to set up industries in Uttar Pradesh. The NRIs have shown interest in investing in 15 sectors, including, among others, agriculture, health, IT, manufacturing and solar energy.  32 NRIs are already in touch with the state government to invest about Rs 1,045 crore in Noida-Greater Noida, Lucknow, Kanpur, Gorakhpur and Prayagraj.

As per reports, Uttar Pradesh has become a favourite state for both NRIs as well as foreign investors, following the efforts of the Yogi Adityanath government. The interest among NRI investors has increased in the last couple of years, especially after the launch of the website by the Chief Minister last year. The NRI section of the website has been screened by over 500 Non-Resident Indians for investing in Uttar Pradesh while NRI cards have been issued to 540 of them. More than 32 NRIs, staying in 18 countries including America, UAE, Oman, Singapore, Australia, Germany, Ghana, New Zealand, Russia, England, etc. have sent their investment proposals to the government.

According to officials, four US-based Indians as well as eight residing in the UAE and two Indians each living in Oman, Singapore and England have sent their proposals to the Government to invest in the state. As many as 13 of these NRI investors already have businesses in the countries of their residences and now they want to expand it to Uttar Pradesh as well.

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