Adani, Tata Sons, Godrej, Jio To Invest Around Rs 5 Lakh Crore In UP

After getting investments from across the globe, Uttar Pradesh will now see investment from big industrial names of India. Reliance Industries, Adani Group, Godrej, Piramal, Parle and Tata Sons have expressed their interest in investing in UP and shared proposals with the Uttar Pradesh Chief Minister Yogi Adityanath. These proposals, amounting to be worth Rs 5 lakh crore, will be sealed at the Global Investors Summit, scheduled to be held in Lucknow from 10 February 2023 to 12 February 2023.

The representatives of these companies met the CM during his two day visit to Mumbai on Thursday. According to official information, Chairman of Reliance Industries Mukesh Ambani proposed big investments in electronics manufacturing and green energy sectors, apart from 5G internet connectivity across UP and better health services to villages in Uttar Pradesh with the help of artificial intelligence.

Karan Adani of Adani Group discussed the action plan for major investment in the warehousing and logistics sector with several proposals for investment in the next 05 years. These include setting up medical colleges in Ballia and Shravasti on PPP model, a skill development centre at Noida, and also discussed setting up cement units at seven different places. Adani also shared the plan of expansion of Lucknow airport and discussed action plan for building the world's largest ammunition hub after Brazil in the UP Defence Corridor. Apart from this, Adani group will also invest in silos and smart meter manufacturing.

The CM also met the Chairman of Aditya Birla Group Kumar Mangalam Birla. He has sought the state government's support for setting up a convention centre in Noida and said that it would be one of the largest convention centres in the world. Kumar Mangalam Birla shared his action plan with the Chief Minister for investment in food processing, data centres, warehousing and logistics as well as solar energy sector.

Ajay Piramal of Piramal Enterprises said that he would launch a special campaign in Varanasi by joining the Prime Minister's resolve for a TB-free India and expressed his interest in developing a Pharma Park. Similarly, JSW Group MD Sajjan Jindal also discussed setting up of state-of-the art Pumped Storage Plant at Sonbhadra for power generation, EV manufacturing unit at Kanpur and a new paint unit.

Darshan Hiranandani of the Hiranandani Group discussed plans for semiconductor investment in collaboration with foreign partners while signing MoUs for new projects. Yogi also met the chairman of Tata Sons, N Chandrasekaran and discussed about developing the spiritual circuit in UP by making Air India's flight service at all airports in UP, as well as building hotels. The executive head of the country's prestigious conglomerate also shared the company’s investment plans in power, hydrogen, EV, food processing and semiconductor areas.

The CM also met Jinal Mehta of Torrent Power, Anil Agarwal of Vedanta Resources and Sajeev Mehta of Hindustan Unilever, who already have projects running in the state. Some of the other proposals shared during the meetings include –

• Rs 500 crore investment, mainly in dairy sector by Parle-Agro proposes.
• Godrej Group, which already has 4 units operational in UP, has proposed to set up a new factory in Barabanki soon and be part of development of a new city. Godrej Property will invest Rs 20,000 crores in 05 years.
• The House of Abhinandan Lodha will bring housing projects to Ayodhya, Varanasi and Gorakhpur with an investment of Rs 3000 crores.
• Ramky Group has proposed to set up a private Pharma Park in UP on the lines of its Pharma Park in Hyderabad. Apart from this, it has also made proposal regarding STP and Solid Waste Management Plant.
• Dr Tushar Motiwala from Kokilaben Dhirubhai Ambani Hospital shared his plan to open Kokilaben Dhirubhai Hospital on Hub and Spoke model in Kanpur.