UP gets Rs 33-trn investments
New investments have potential to generate 92 lakh jobs; 3 Noida authorities account for 27% in investments
Greater Noida to ink ‘Sister City’ pact
Noida: Noida has emerged as the most favoured investment destination of Uttar Pradesh in the three-day Global Investors Summit, 2023 (GIS-2023) being held in Lucknow. The investment share of all the three Noida Authorities alone is recorded at 27 per cent.
Investors are flocking to Yamuna Authority in view of the upcoming Jewar Airport. Along with this, Greater Noida Authority and Noida Authority have also attracted several investors.
The Uttar Pradesh government has received an investment proposal of Rs32,92,000 crore from the Global Investors Summit (GIS), which will provide employment to 92 lakh people.
Agra and Lucknow have been the second and third preferred destinations for investment by the investors. Siddharthnagar remained the least preferred, with an investment of only Rs 650 crore generated from a total of 128 companies in the district, which measures to 0.2 per cent of the total investment.
During the summit, Chief Minister Yogi Adityanath said that 18,645 MoUs have been signed, in which maximum investment has been done in Western Uttar Pradesh due to cities like Noida and Agra. He said that 45 per cent of the total investment will be done in the area.
A total of 29 per cent investment has been done in Purvanchal. Paschimanchal and Purvanchal together have 74 per cent. Investment of 13 per cent each has come in Madhyanchal and Bundelkhand of the state.
Reliance Group will invest Rs 75,000 crore in the State and will set up renewable energy capacity of 10 GW in the state under the Akshay scheme.
Reliance Industries Chairman Mukesh Ambani in his address at the event said that 5G service will be available in all the cities of the state by the end of 2023.
The investments include Rs 21,622 crore from UAE, Rs 21,922.5 crore from Canada and the US, Rs 10,704 crore from Netherlands & France, Rs 25,456 crore from Japan & South Korea, Rs 1,76,740 crore from Germany, Belgium & Sweden, Rs 1300 crore from Brazil, Argentina and Mexico, Rs 26,120 crore from Australia and Singapore.
Proposals worth Rs 7,85,937 crore came from Gautam Buddha Nagar during the Investors Summit. Out of this, MoUs worth Rs 7,45, 815 crore were signed. In this, the maximum proposal of Rs 1,60,000 crore came for the Yamuna Development Authority.
