Data Centre, Logistics Park Amongst Top Choices Of Foreign Investors Investing In UP

Data Centre, Logistics Park, Renewable Energy, Textiles and Film City have emerged amongst the top five sectors in Uttar Pradesh, where foreign investors have shown a keen interest in investing in the state. Ahead of the UP Global Investors Summit, 108 MoUs have already been signed so far and a few more are expected during the three day summit beginning 10 February. 

According to official information, if numbers say anything, the state will soon turn into a data centre hub, as it is the first choice of the foreign investors. An investment of over Rs 17,000 crores has already been proposed in this sector. 

It may be recalled that the first data centre is ready in Greater Noida. During the road shows in Singapore and Australia, Global State Capital expressed its desire to invest Rs 8260 crores to build a data centre in the state and Star Consortium inked a MoU with the state government related to the investment of Rs 1000 crores.

During the road shows in the UK and USA, Sify International agreed to invest Rs 8300 crores in this sector. 

Meanwhile, logistics parks emerged as the second top choice in terms of investment. In this, MoUs related to investment of Rs 16,810 crore have been signed. During the tour of Canada and USA, an investment of over Rs 8,200 crores was obtained by the UP government. 

Moreover, Rs 1,000 crore will be invested in the logistics sector. Universal Success has decided to construct a logistics park with an investment of Rs 5,100 crores. On the other hand, during the tour of the UK and USA, Best Buy Trucking signed a MoU to open a Logistics BPO and Training Centre.

Foreign companies have preferred renewable energy as the third choice in the field of investment in the state. During the roadshow in UAE, Aastha Green Energy Ventures agreed on investment of Rs 4480 crores, Shree Siddharth Infratech & Services has made an action plan to spend Rs 8,000 crores. Boson Energy SA has decided to spend Rs 1,000 crores during road shows in Germany, Belgium and Sweden. Along with this, Geothermal Core Inc will set up a renewable energy plant with Rs 820 crores. Resultantly, foreign investors will invest about Rs 14,300 crores in the field of renewable energy. 

The fourth priority of foreign investors includes apparel and textile. Japan India Industry Promotion Association has signed an MoU worth Rs 2500 crore and Nisenken Quality Evaluation Center signed an MoU of Rs 10,000 crores. Resultantly, foreign investment of a total of Rs 12,500 crores has been achieved in this area. 

The film industry stands on the fifth, bringing Rs 10,000 crore in Film City in the state.