UP receives Rs 7.12 lakh cr worth investment proposals from 16 countries

Lucknow, Dec 24 (KNN) About 16 countries have shown interest in Uttar Pradesh and have pitched investment proposals worth Rs 7,12,288 crore.

This engagement came after a team of ministers and officials from UP's global tour invited entrepreneurs, companies, and institutions from all over the world to invest in the state.

In an official statement, the government said the team organized roadshows in 21 cities of 16 different countries during the course of their tour ahead of the proposed Global Investors Summit in Lucknow on February 10 to 12, 2023, according to ANI news.

Sharing their experience of the tour, the ministerial groups after returning presented details of the investment proposals received before Chief Minister Yogi Adityanath.

Before organising the Global Investors Summit, CM Yogi reviewed the preparations for it with the cabinet members and senior officials of the government in the state.

"This is the first time after independence that a team from Uttar Pradesh went on a global tour with the aim to invite investors from all over the world," said CM Yogi, as quoted by ANI.

"It is a matter of great pleasure that roadshows in 16 countries have paved the way for the investment of more than Rs 7.12 lakh crore so far," he stated.

Sectors in which the investors have shown interest include hospitality, food processing, drugs & pharma, medical devices, chemical, tourism, logistics-warehousing, green hydrogen, EV battery manufacturing, MSME, dairy, education, defense and aerospace, semiconductor, drone manufacturing, agriculture, textile, steel manufacturing.

Companies like Dassault, Saffron, Air Liquide, Thomson, Sanmina Corporation, Computing, Silas, HMI Group, Samsung, Ikea, Ericsson, Motherson, NTT Global, Mitsui, have shown enthusiasm for investment in Uttar Pradesh, he said. (KNN Bureau)