Home News Reports Leading business houses promise investment worth Rs. 4.28 lakh crores during first Investors Summit under Yogi

Leading business houses promise investment worth Rs. 4.28 lakh crores during first Investors Summit under Yogi

The Uttar Pradesh Investors Summit 2018 which is to be held on the 21st and 22nd of February has commenced in Lucknow today. The summit was inaugurated by the Prime Minister where he complimented Yogi Adityanath on his efforts towards ensuring the development of the state. Narendra Modi also announced the construction of two defence corridors in Uttar Pradesh and highlighted the good work done by the Chief Minister towards generating an environment conducive to investment.

Earlier, the Saffron clad Mahant of Gorakhnath Muth had stated that his government has already signed 1045 MoUs worth Rs. 4.28 lakh crores which is roughly equivalent to the state budget for the current year. Yogi Adityanath reiterated his focus on jobs during his address to the investors. “Our target is to create 40 lakh new job opportunities in UP in the next three years,” he said.

Businessmen also promised huge investments during their address at the summit. Kumar Mangalam, chairman of the Birla group, congratulated Yogi Adityanath on making Uttar Pradesh the 7th most favourable investment state in the country. He assured that Uttar Pradesh will become Aditya Birla’s highest investment state as he announced his plan to invest Rs. 25,000 crores during the course of the next few years.

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Mukesh Ambani admitted that he had never seen a state capital so beautifully decorated for an investors summit and emphasized that Uttar Pradesh is not merely rising but racing ahead. He expressed his desire to participate in the Namami Ganga project and assured of providing the state with 2 crores new Jio phones in the next few months on a priority basis. Taking forward his investment of 23,000 crores in the state, he announced that he plans to invest 10,000 crore more in the next 3 years.

Gautam Adani who also addressed the crowd reflected on the Prime Minister’s efforts which he said were changing the global image of India. He announced an investment to the tune of Rs. 35,000 crores in the next five years in metro rail projects, food processing units and power.

The Zee group will invest Rs. 18,750 crores in the state said, Subhash Chandra. Anand Mahindra announced his decision to create a Rs. 200 crore Club Mahindra facility in Varanasi. Chandrasekharan, chairman of Tata Sons, announced that the company will provide employment to 30,000 employees in a new campus to be set up by TCS in Lucknow. Packaging solutions firm Uflex plans to invest another Rs. 1,700 crore in the state to boost its manufacturing capacity.

Yogi Adityanath has been striving hard to generate employment in the state. His hard stance in law and order is driven towards creating a business-friendly environment in Uttar Pradesh. In the first investors summit in the state, Yogi Adityanath has succeeded in attracting investments which is expected to propel the most populous state in the country tto a new era of prosperity. His primary focus now would be to follow through with the MoUs that have been signed by his government.

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