MOUs worth Rs. 55000 cr signed at UP Investors Summit
22 Февраля 2018, 12:54 | Gordon Grant
UP Investors Summit 2018: Mukesh Ambani Promises Jio in Every Village, Anand Mahindra Announces Electric Vehicle Plant, State Gets Major Boost
Meanwhile, the Summit is being attended by at least 5,000 people including industry heads from India and overseas, Union Ministers, Chief Ministers, policy makers and academics, and aims to further the cause of economic development in the state and attract investments.
PM Modi inaugurated two-day global acme UP Investors Summit 2018. The event, among others, was attended by Rajya Sabha member Subhash Chandra, who expressed confidence that Uttar Pradesh will surely become "Uttam Pradesh" under Chief Minister Yogi Adityanath. "Besides, this kind of healthy race will strengthen the spirit of competitive and cooperative federalism", Modi said.
"Potential, policy, planning and performance lead to progress", the prime minister said. "This gives the state unique proposition to reap maximum demographic dividend", Singh said.
The Prime Minister will spend over four hours at the summit on Wednesday.
"Tourism is a multiplier for growth. The Prime Ministerial Kisan Property Scheme has been introduced by the central government to reduce crop-grain-fruits and waste of vegetables", the Prime Minister said.
Adani Group has promised to invest Rs 35,000 crore over the next 5 years across sectors. UP is fortunate to have a CM like Yogi Adityanath. "We will also open an IT-enabled services centre in Varanasi soon", Chandrasekaran said.
Mukesh Ambani also raised the point of Namami Gange Project and also confirmed the key role of Reliance foundations in the project.
Diversified firm ITC today said it plans to set up an integrated consumer goods manufacturing facility in Uttar Pradesh besides exploring investment possibilities in green energy and a logistics hub in the state in coming years.
Aditya Birla Group chairman Kumar Mangalam Birla addressed the summit. He said the group would continue to be the top investor in the state and added that the company would invest Rs 25,000 crore in multiple businesses in next five years. "The size of the state makes it a country itself".
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