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.

- Advertisement - - Article resumes -

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.

Share and Support:
Support OpIndia by paying for content

Most read articles recently

Activist opposing Akshaya Patra’s mid-day meal contract thinks ‘Brahmins obstruct India’s development’

The Akshaya Patra has come under criticism recently for not including onion and garlic in its mid-day meals for school children.

Mumbai Police teaches a lesson in humility to ‘special’ Sonam Kapoor

Actor Dulquer Salman clarified that he and Sonam were sitting inside a car that was rigged to a truck and hence were not breaking traffic rules.

Uttar Pradesh: Eight cattle smugglers arrested in Bahraich with arms and ammunition

The smugglers even tried to trample the police personnel with their vehicle.

Church of South India Archbishop Dyvasirvadam arrested in church fund scam, reports Times of India

According to the report, archbishop Dyvasirvadam was allegedly involved in misappropriation of church fund for over a decade

Rafale: SC examined the pricing details closely, ‘did not rely’ on CAG report as claimed by Rahul Gandhi

Rahul Gandhi has claimed that the Supreme Court verdict on Rafale was based only on the CAG report, while it is not true

Double whammy for Congress in court: After Rafale verdict, Rakesh Asthana’s appointment as special director gets SC approval

The Supreme Court's verdict is being seen as the second major embarrassment for both the Congress party and Prashant Bhushan, as the Supreme Court had earlier rejected a plea on the issue of a probe concerning the Rafale deal.

Congress friendly journalist wishes death upon BJP Delhi spokesperson Tajinder Bagga

During the run-up to Gujarat assembly elections last year, Trivedi was caught spreading morphed images with Amit Shah's fake quotes on Patidars

Pro-Congress troll resumes fake news website, makes outlandish claims on Rafale targeting Modi

Abhishek Mishra has been associated with the website which spreads fake news and Islamist propaganda
Modi government vindicated, SC says Rafale Deal clean

SC verdict on Rafale deal: Read scathing comments made by Court while dismissing petitions for inquiry

Supreme Court dismissed petitions for an enquiry into Rafale deal pricing, offset partner selection and procurement procedure. Read scathing observations

Rafale: They wanted to pull Modi down to their level

The Congress and its ecosystem is strong and well oiled.

Latest articles

Connect with us

125,686FansLike
98,016FollowersFollow
6,133SubscribersSubscribe

Don't miss these