UP’s Investor Conclave a success: Yadav assures co-operation to the investors
The private investors like Reliance Jio, Fortis and ITC have shown interest in investing Rs 60,000 crore in Uttar Pradesh in areas ranging from agriculture to telecommunications. The state Chief Minister Akhilesh Yadav while addressing the Investor Conclave mentioned that his ministry will extend help and co-operation in conception and execution of the projects using this invested sum.
Memorandum of Understanding (MoU) worth more than Rs 60,000 crore have been signed in the UP Investor Conclave. The CM mentioned that the government will continuously follow these investors, cooperate with them and resolve their matters.
Subhash Chandra-led Essel Group signed a Memorandum of Understanding (MoU) to invest Rs 20,000 crore in areas like urban development and power distribution; Mukesh Ambani’s Reliance Jio pledged Rs 5,000 crore initially for the implementation of 4G network.
FMCG major ITC plans to invest Rs 2,100 crore in various sectors; Fortis Healthcare promised Rs 800 crore outlay for setting up three 250-bed hospitals each at Kanpur, Lucknow and Greater Noida.
Apart from that many other groups like Amity Group, Uflex, JVL Agro Industries, Shree Cement etc. also plan to start their operations in U.P and have pledged huge sum of money during the conclave.
Yadav is very happy with this move and mentioned that his government had worked relentlessly in the past few years to provide 24-hour power for industry and created infrastructure to attract investors in this natural resources rich land of UP.
Source- The Financial Express
FMCG major ITC plans to invest Rs 2100 crore in various sectors, Memoranda of Understanding, MoUs to invest Rs 60000 crore in Uttar Pradesh, Mukesh Ambani's Reliance Jio pledged Rs 5000 crore outlay for implementation of 4G network, Uttar Pradesh government today received initial investment commitments of Rs 60000 crore
