According to an official government announcement, Uttar Pradesh has received investment bids worth Rs 7,12,288 from 16 different nations.
This announcement follows a global visit by a delegation of UP ministers and officials to welcome entrepreneurs, businesses, and institutions from around the world to invest in the state. The tour will take place in advance of the scheduled Global Investors Summit, which would take place in Lucknow from February 10 to 12, 2023.
In-depth details about UP has received investment bids totaling Rs 7.12 lakh crore from 16 nations
After returning from their trips, the ministerial groups briefed Chief Minister Yogi Adityanath on the contents of the investment proposals they had received, as well as their tour experience.
The Chief Minister met with cabinet members and top government officials to discuss preparations for the Global Investors Summit and to provide required directions.
“This is the first time since independence that a delegation from Uttar Pradesh has gone on a global tour to attract investors from all over the world,” CM Yogi remarked.
Yogi stated that their action plan to attract investors from all over the world to invest in Uttar Pradesh before the Global Investors Summit has received an overwhelming response.
“It gives me great joy that roadshows in 16 nations have cleared the door for more than Rs 7.12 lakh crores in investment so far,” CM Yogi stated in an official statement.
“Investment bids worth Rs 4 lakh crore have been received from the United Kingdom and the United States of America alone. The success of the roadshow abroad has insured that the upcoming Global Investors Summit 2023 in Uttar Pradesh would be a historic event,” he said, adding that the vast investment will provide job opportunities for the state’s youth.
“Global Investor Summit – 2023 will become a crucial base in accomplishing the state’s aim of becoming a USD 1 trillion economy,” he stated.
Yogi stated that such a global investment invitation could not have been envisioned in Uttar Pradesh until a few years ago.
“We have set an investment objective of Rs 10 lakh crore for the Global Investors Summit 2023. This Investors’ Summit, led by the Prime Minister, will “strengthen ‘Brand UP’ on the global stage,” he stated.
“We would be maintaining frequent communication with companies/institutions, and industrial groupings abroad with whom MOUs have been inked. A dedicated team comprising nodal personnel from each country would be constituted for improved follow-up. “This team will deliver every resource in accordance with the investors’ needs and expectations,” he added.
CM Yogi urged authorities to complete the essential procedure by communicating with the industrial groups with whom MoU is under process, and stated, “After January 15, once again follow-up visits can be made to some nations as per the demand. “All investors will be invited to the proposed GIS in February, and all necessary arrangements will be made,” he continued.
“Youths of Uttar Pradesh are in every country in the world, and they are eager to contribute to the state with their talent and potential. We must provide them with chances, and migrants from Uttar Pradesh have created groups in numerous nations. “We aim to communicate with these organizations,” Yogi stated.
During G2G and B2G meetings abroad, he stated that, in addition to the Noida, Greater Noida, and other parts of western Uttar Pradesh, several industrial groups expressed a desire to invest in cities such as Gorakhpur, Kashi, Prayagraj, Aligarh, Lucknow, Kanpur, and others. “We would prioritize these locations and make resources available based on the demands of the investors,” he said.
Investors have expressed interest in the hospitality, food processing, drugs and pharma, medical devices, chemical, tourism, logistics-warehousing, green hydrogen, EV battery manufacturing, MSME, dairy, education, defense and aerospace, semiconductor, drone manufacturing, agriculture, textile, and steel manufacturing sectors, according to him.
“Various industrial organizations have filed plans for investment in sectors such as agriculture, horticulture, wastewater treatment, data centers, river basin management, etc. Dassault, Saffron, Air Liquide, Thomson, Sanmina Corporation, Computing, Silas, HMI Group, Samsung, Ikea, Ericsson, Motherson, NTT Global, and Mitsui have all expressed interest. “These investment ideas will lay the groundwork for our youth’s bright future,” Yogi remarked.
“On my behalf, a letter of gratitude will be written to the Ambassadors/High Commissioners of all 16 nations,” he said.
During the review meeting, all groups that had returned from foreign tours provided detailed reports on their trips to the Chief Minister. They also stressed the need to continue the Uttar Pradesh team’s global trip for investment and were informed of the investors’ expectations.
Cabinet Minister Dharampal Singh stated on behalf of the group that went on the Canada-USA visit that Uttar Pradesh benefits the most from the Chief Minister’s charisma.
“People all over the world admire the Chief Minister’s working style and vision. UP’s security system and investment-friendly atmosphere have impressed investors. “The entire state will gain,” Singh stated.
Deputy Chief Minister Keshav Prasad Maurya, who recently returned from a tour of the Netherlands and France, stated that investors in both countries have great faith in India, with Uttar Pradesh being their top priority in India.
“The Netherlands has a sizable migrant population from eastern Uttar Pradesh and Bihar. These individuals arrived in Suriname as indentured servants about a decade and a half ago. Their exodus will be completed after 150 years in February. “These folks have a strong attachment to their motherland and are willing to contribute to the development of Uttar Pradesh,” he remarked.
On behalf of the delegation that returned from Australia and Singapore, Minister Swatantra Dev Singh stated that all of the investors were impressed by the picture of New India’s new Uttar Pradesh in the positive dialogues held during the roadshow.
“Various projects were discussed with the assurance of safety and convenience. There was also interaction with local NRI groups. The B2G meeting in Sydney explored large investments in renewable energy, urban development, agrotech, and food processing. We will also gain from the newly agreed free trade deal between India and Australia. Singapore is a GIS partner country, and many enterprises from here are keen on entering the data center market,” he stated.
Minister Suresh Khanna, who recently returned from three cities in the United States and the United Kingdom, stated that the changing conditions of Uttar Pradesh in these large countries are a topic of conversation for investors.
He stated that large investments had been discussed with Hinduja Group and Rolls Royce. Hiranandani Group in London told UP about their positive experience.
In addition, the Saloni Hurt Foundation in San Francisco has chosen to award SGPGI Lucknow a CSR gift of Rs 415 crore.
Similarly, an MoU for Jio Thermal Power Technology with an investment of Rs 41000 crore has been signed. Sify International will make an investment of Rs 8300 crores.
Similarly, various large corporations in industries including renewable energy, hotel/hospitality, skill development, logistics, and IT/ITES have proposed investments totaling Rs 1000 crore in the manufacturing of health ATMs.
Minister Jaiveer Singh and Minister Ashish Patel stated on behalf of the group that returned from a trip to South Korea and Japan that the majority of technology companies from these nations have invested in South India. Their first encounter was with the Uttar Pradesh team. The way has been paved for significant investment.
Nand Gopal Gupta ‘Nandi’ informed the investors on behalf of the ministers who returned from Germany, Belgium, and Sweden. This was the first time the Uttar Pradesh team had gone on such a global tour. “We should make such inspections on a regular basis,” he stated.
Deputy Chief Ministers Brajesh Pathak and Sanjay Nishad, who just returned from a trip to Mexico, Brazil, and Argentina, said there was a positive vibe in all three countries about UP. Mexico has enormous potential in the food processing, agricultural, and dairy sectors.
The Zebu Embryo Company has stated a desire to collaborate closely with the Mathura Agricultural University. According to the ANI, fruitful conversations were undertaken with numerous defense sector corporations in Brazil.