Lucknow, Feb 27 (KNN) Officials at the Uttar Pradesh State Industrial Development Authority (UPSIDA) said that it has prepared the approach to plan the ground work for the investment proposals signed at the Global Investors Summit in Lucknow earlier this month.

After two weeks from summit’s conclusion, the nodal agency for developing industrial infrastructure in the state has said that it will be providing land and infrastructural facilities in its 154 industrial areas and land banks across Uttar Pradesh.

During the Global Investors Summit an official said, the government signed MoUs with 512 investors.

“Investments worth Rs 3,15,507 crore have been committed through these MoUs and they have the potential of creating more than 8.79 lakh employment opportunities,” the official added.

“Of these 512 MoUs, 257 are for setting up projects in West UP and are valued at Rs 1,86,612 crore. Once the ground work for them is done, they will be generating more than 3.4 lakh employment opportunities,” said the official, adding that out of these 512 MoUs, 442 were inked with new investors.

UPSIDA signed MoUs with 138 entities in East UP bringing in investments amounting to Rs 77,848 crore.

These projects have a potential of generating more than 1.7 lakh employment opportunities.

“The MoUs signed for central UP brought in investments worth Rs 39,578 crore through 103 investors and the employment generation by these projects is likely to be as high as more than 3.4 lakh opportunities,” said the official.

“In Bundelkhand region, UPSIDA has to prepare ground work for 14 MoUs that will be bringing in investments worth Rs. 11,468 crore with employment opportunities for 20,545 youth,” he added.  (KNN Bureau)