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17/04/2018 02:50pm

UP CM hints at new investments in state for industry-employment generation

image UP CM hints at new investments in state for industry-employment generation

New Delhi, Apr 17 (KNN) Uttar Pradesh Chief Minister, Yogi Adityanath has recently made an announcement that the proposals worth of Rs 550 billion on private investment will be kicked off in the month of April.

During the UP investors Summit 2018, the UP government had attracted investment proposals worth Rs 4.68 trillion but due to some issues like delay in land clearances the state government plans to launch Rs 250 billion worth of investment proposals early in the month of March and April 2018, got delayed.

In this regard, Yogi Adityanath said that the government will soon launch projects of Rs 550 billion by the end of this month and this investment will generate around 3.5 million jobs.

While attending the meeting on proposed Bundelkhand defence corridor, CM spoke about the launching of these projects in Jhansi.

It has been projected that the Bundelkhand defence corridor will get the direct investment of Rs 200 billion and will create 300,000 jobs, not only this the state government is quite confident that this project would spur investments of almost 1 trillion once it catches the speed.

During the meet, he said that for the very first time, farmers, youth and women have been included in the governance agenda under the Modi government.

Further, for the proposed defence corridor the state has identified 3000 hectares.

Also, Indian Institute of Technology, Kanpur (IIT-K) and Banaras Hindu University (BHU) have been involved in these projects because of their expertise in defence, aviation and ammunition related research.

Apart from Bundelkhand, 6 other districts would be a part of mega project value chain, including Aligarh, Agra, Jhansi, Kanpur, Lucknow and Chitrakoot.

For Joint manufacturing and supply of bulk orders, MSMEs have been asked to form associations to pool their resources. (With Inputs from a media report) (KNN/YV)


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