Uttar Pradesh government try to attract global investors, diaspora to invest in the state
- IBEF
- December 14, 2022
Uttar Pradesh Finance Minister Mr. Suresh Khanna, during an event held at the Consulate General of India on December 12, 2022, with the Indian diaspora, has invited global investors to invest in the state in agro and food processing, defence, aerospace and IT sectors. The Uttar Pradesh government has highlighted its policies on good governance, zero tolerance towards crime and corruption and ease of doing business, along with the abundance of natural resources for investments in the state.
Over the past five years, the Uttar Pradesh state has launched investment projects worth US$ 48 billion (Rs. 4 trillion). These investment projects have presented as a mark of trust for future investors. Uttar Pradesh Chief Minister Mr. Yogi Adityanath invited all to participants in “new India’s growth engine” with a focus on policy-based governance, rule of law, easy availability of land, and guarantee of safety and security.
The key sectors of investment, as underscored in areas of food processing, dairy, handloom and textile, IT, tourism, defence and aerospace, pharma, micro, small and medium enterprises, film and renewable energy. A three-day summit, Uttar Pradesh Global Investors Summit (UPGIS), scheduled from February 10-12, 2023, in Lucknow, is focusing upon a target investment commitment of US$ 140 billion in the 2023 global investor summit.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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