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UP receives investment intentions of Rs 32,963 cr at Mumbai conclave

Business Standard:  September, 2015

Mumbai: Uttar Pradesh Chief Minister Akhilesh Yadav said the government received investment intentions worth Rs 32,963 crore from investors in Maharashtra.

The proposed investments are in the field of information technology and IteS (IT enabled services), electronics, food & agro processing, manufacturing, infrastructure, power, consumer goods and fertiliser. Yadav, after addressing investors summit, told reporters that his government has already released investor-friendly policies in the fields of industry, IT, agriculture and couple of other sectors.

“Today the government has received investment intentions from Reliance Jio, LG, ITC, Idea Cellular, Godrej Agrovet, Toshiba Power, Kanodia Group, Indo Gulf Fertilizer and Ecoreco,” he said.

The sector-wise investment intentions include infrastructure (Rs 13,405 crore), food and agro processing (Rs 6,630 crore), manufacturing (Rs 6,150 crore), power (Rs 3,400 crore), electronics (Rs 1,578 crore), biomass (Rs 1,000 crore), solar energy (Rs 700 crore) and IT (Rs 100 crore).

Further, Akhilesh said the government is currently involved in increasing the Metro network across the state on a fast-track basis. Besides, the state will focus on development of 13 cities which figured on the recent list of Smart Cities released by the Centre.