UP’s Investor summit attracts investments worth Rs 4.28 lakh crore: CM Yogi

Uttar Pradesh has signed 1,045 pacts worth Rs 4.28 lakh crore on the first day of the UP investors’ summit, Chief Minister Yogi Adityanath said today.

“It is a matter of pride for the state that fortune-500 companies are participating in this summit. I want to tell you all that till now we have signed 1,045 MoUs worth Rs 4.28 lakh crore. I have recently presented budget of Rs 4.28 lakh crore and the figure of MOUs signed is the same… We are heading towards new UP,” Adityanath said while addressing the summit in Lucknow.

The companies that assured investments over the next five years included Reliance Jio (Rs 10,000 crore), Adani group (Rs 35,000 crore), Aditya Birla Group (Rs 25,000 crore), Essel Group (Rs 18,750 crore) and Mahindra & Mahindra (Rs 200 crore).

Addressing the summit, chairman, Reliance Industries Ltd., Mukesh Ambani said the PM’s dream was to make UP ‘Sarvottam Pradesh’.

Announcing that Reliance Jio would invest Rs 10,000 crore in UP in the next five years, Ambani said: “Here is a new UP. The PM’s dream is to make UP a Sarvottam Pradesh and we all will realise his dream. UP is fortunate to have a CM like Yogi Adityanath.”

“India cannot rise without the rise of 22 crore people. When UP rises, no power can stop India to become an economic power. Jio is one of the largest investors in UP with an investment of Rs 20,000 crore. Jio will assist the administration to reach every village. By December 2018, Jio will have presence in every state. We will invest another Rs 10,000 crore in UP in next three years,” he said.

The summit is an attempt to establish UP among the developed states and its focus areas include food processing, dairy, handloom and textile, MSME, IT, start-ups, electronic manufacturing, films, tourism and civil aviation,” the chief minister added.

One comment

  1. It seems to be a good start.Yogi seems to be on a mission to prove that he is the most capable guy after Modi.

    Hope UP progresses from now on..

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