Lucknow, Dec 15 (KNN) Sweden’s furniture, decor and home appliances company Ikea has assured the Uttar Pradesh government that it will invest Rs 4,000 crore in the retail sector, stated an official release on Wednesday.

It has also informed the state government that it is planning to open a retail stores and luxury malls in Uttar Pradesh.

Besides Ikea, the Uttar Pradesh government has so far received 25 proposals for investments worth Rs 20,000 crore from United Arab Emirates (UAE). The

DP World has showed interest for a joint venture in logistics and cargo sectors.
The Gemini Corporation of Belgium has also shown interest in setting up a plastic recycling plant worth Rs 200 crore in Varanasi.

Chief Minister Yogi Adityanath sent the state government’s teams to hold roadshows abroad to attract investments of Rs 10 lakh crore by inviting global companies at the Global Investors Summit-2023, scheduled to be organised in Lucknow from February 10 to 12.

Four teams held roadshows in Vancouver (Canada), Stockholm (Sweden), Tokyo (Japan) and Buenos Aires (Argentina) on Wednesday. Deputy chief minister Keshav Prasad Maurya, along with minister for information technology Yogendra Upadhyay, will leave for the Netherlands and France to begin roadshows there on Friday.

Meanwhile, the UP government’s delegation, led by minister for finance, met Sanjay Govil, chairman, Infinite Computer Solutions in New York. The company proposed to sign MoU to invest over Rs 500 crore in the near future to build IT campuses in Noida and Lucknow. Ajay Srivastava, co-founder and MD, e-Kuber Ventures, discussed new data centres in Uttar Pradesh, said Awanish Kumar Awasthi, advisor to chief minister, in a post on social media.

Tourism minister Jaivir Singh and technical education minister Ashish Patel held a roadshow in Tokyo. MoU was signed between the state government and chairman of Japan-India Industry Promotion Association Prashant Godghate for a textile machinery manufacturing unit at Yamuna Expressway, Gautam Buddha Nagar with an investment of Rs 2,500 crore. This will provide employment to 5,000 people in the state.  (KNN Bureau)