A Month Before Investor Summit, UP Gets Investment Worth Rs Rs 76,000 Crore At Lucknow Roadshow

The Uttar Pradesh government organised a road show at Lucknow on Wednesday, as a run up to the Global Investors Summit. The roadshow, held at a city hotel, saw participation by leading industrialists from across the country, with 79 of them signing MoUs worth Rs 76,000 crore.  

It may be recalled that Uttar Pradesh government, led by Chief Minister Yogi Adityanath, is organising a Global Investors Summit in the state capital from 10 to 12 February 2023. Through this event, the state government is expecting an investment of Rs 10 lakh crore to the state and is holding roadshows and meetings across the globe, signing MoUs for investment.  

UP’s Industrial Development Minister Nand Gopal Gupta Nandi addressed the industrialists at the event. He shared about the state government’s investment-friendly policies and invited the industrialists to invest in UP.

Meanwhile, six big names have expressed interest in investing in UP and shared their proposals. These include City Gold Corporation (Rs 26000 crore), Nexon Energia (Rs 15000 crore), Varun Beverages (Rs 3400 crore), Haldiram Snacks Pvt Ltd (Rs 1310 crore), Dharampal Satyapal (Rs 900 crore) and Kent RO System (Rs 500 Crore).

Executive Director and Chief Operating Officer of Varun Beverages, Kamlesh Jain said, “We have 7 plants in UP. The environment of UP is better than anywhere. We plan to invest Rs 3400 crore in Uttar Pradesh.”

Sanjay Singhania of Haldiram Snacks Pvt Ltd said, “We started with one factory, today it has grown to five. We are signing three new MoUs now.” President of Crystal Crop Protection Limited, Nand Kishore Agarwal said that today there is no dearth of skilled resource in UP. “Keeping this in mind, we will invest Rs 200 to Rs 300 crore here. After Nagpur, Jammu, Haryana, now we will set up plants in UP.”