Lucknow (Uttar Pradesh) [India], December 10 (ANI): The Uttar Pradesh government is set to implement investment proposals worth Rs 7.5 lakh crore, consisting of over 10,000 projects that are currently in the final stages of implementation. These proposals were received during the Global Investors Summit in 2023, following the successful implementation of investment proposals received during the UP Investors Summit in 2018.
Uttar Pradesh has become a favored investment destination, attracting approximately Rs 4.12 lakh crore from various sources between 2017 and 2022. The state government has taken significant steps to encourage investments, resulting in the submission of 29,000 investment proposals worth more than Rs 39.5 lakh crore on the Nivesh Sarathi portal since 2022.
Chief Minister Yogi Adityanath’s administration has emphasized improving law and order and creating a conducive environment for investment. The positive response from investors has been evident during various investor summits organized by the Yogi government.
The state government not only accepted investment proposals but also demonstrated its commitment to bringing them to fruition. In 2023, the Yogi government organized the Global Investors Summit to attract investment to the state, in which both domestic and foreign investors have signed MoUs worth crores with the Yogi government, stated a press release from the Chief Minister’s office.
Efforts are now underway to convert these investment proposals into concrete actions on the ground. While several projects have already started work, many others are in the final stages of implementation and will soon be launched through a Ground Breaking Ceremony.
During the UP Investors Summit in 2018, the government received 1,045 investment proposals worth Rs 4.28 lakh crore. To implement these proposals, the government organized three Ground Breaking Ceremonies, marking the initiation of various projects with substantial investments.
Since 2017, 227 projects with an investment of Rs 43,700 crore have been implemented, as indicated by the Industrial Entrepreneurs Memorandum Part-2. Additionally, industrial development authorities have undertaken investments of approximately Rs 95,500 crore through land allocations.
Uttar Pradesh has witnessed significant growth in the Micro, Small, and Medium Enterprises (MSME) sector, with approximately 5.20 lakh units established between 2017 and 2022 attracting an investment of Rs 67,600 crore.
The Yogi government’s proactive approach and efforts to create a business-friendly environment have positioned Uttar Pradesh as a major investment destination, both nationally and globally. The upcoming implementation of these investment proposals is expected to further boost economic growth and create employment opportunities in the state.
