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UP Gets Investment Proposals Worth Rs 1.68 lakh crore for GIS 2023

Even before the Global Investors Summit has happened, the state government has received 472 investment proposals worth over Rs 1.68 lakh crore through Nivesh Sarathi portal, while MoUs worth Rs 1.25 lakh crore have been finalized

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All set to give a major boost to the growth of Uttar Pradesh, the Global Investors Summit 2023 has already become a major attraction. The state government has received 472 investment proposals worth over Rs 1.68 lakh crore through Nivesh Sarathi portal till November 30, while MoUs worth Rs 1.25 lakh crore have been finalized.  


It may be recalled that the Yogi Adityanath led UP government has set a target of attracting an investment of Rs 10 lakh crore from the GIS 2023, scheduled to be held from 10 to 12 February 2023 in the state capital. Out of the investment proposals received, MoUs worth Rs 1.25 lakh crore have been signed which are expected to generate over 5.5 lakh employment opportunities in the state. 


As per the Nivesh Sarathi portal dashboard, a total of 148 MoUs have been signed so far with investors through the portal. Through these 148 MoUs, the government has received proposals worth a total of Rs 1.25 lakh crore. The investment through these MoUs is likely to create 5,63,496 jobs in Uttar Pradesh. Apart from these MoUs, there are still 315 investment proposals through the portal which are currently in process. 


Total 472 intents received so far on Nivesh Sarathi 


Till November 30, a total of 472 intents have been received from the investors on the portal. The proposed investment of these is over Rs1,68,759. If all these intentions are converted into MoUs and investments, then it is possible to create 6,79,338 jobs. 


To bring in more investment, the Nodal officers are also doing follow-ups with interested investors. Efforts are being made to sign maximum MoUs. Owing to the sustained efforts of the state government, even before its official launch, the state has received investment proposals worth more than Rs 1.25 lakh crore on this portal.


Along with Nivesh Sarathi, another portal Nivesh Mitra will also play an important role. This portal will facilitate the process of the incentives of the investors. For this, the government has launched the Online Incentives Management System (OIMS) on the portal. Process, acceptance and payment of incentives will be done through this.