Enforcement the key
India continues to attract foreign investors who bet heavily on the country’s growing population, rising consumer market, and a young and dynamic labour force.
In order to attract investment and turn the state into an economy of $ 1 trillion, Uttar Pradesh Chief Minister Yogi Adityanath’s team conducted roadshows in 21 cities of 16 countries. 108 MoUs worth Rs 7.12 lakh crores were signed, which will generate employment for 7 lakh youth in UP.
In terms of investment, out of 25 sectors, foreign players have shown keen interest in five sectors including Data Centre, Logistics Park, Renewable Energy, Apparel and Textile and Film City, officials here on Tuesday said.
The first choice of foreign investors in these sectors is to make the state a data centre hub, in which they have expressed their desire to invest more than Rs 17,000 crore. While the second priority is the logistics park, where investment of over Rs 16.5k crore has been attained.
Impressed by the policies of the Yogi government, the first data centre is ready in Greater Noida of the state. During the road shows in Singapore and Australia, Global State Capital Pvt Ltd expressed the desire to invest Rs 8260 crore to build a data centre in the state and Star Consortium Pvt Ltd. finalized the MoU with the state government related to the investment of Rs 1000 crore.
Not only this, during the road shows in the UK and the USA, Sify International agreed to invest Rs 8300 crore in this sector. Looking at these figures, a maximum number of foreign guests have taken steps to develop the state as a data center hub by investing Rs 17,560 crore.
Foreign investors have placed the logistics park as the second priority out of the 25 sectors. 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 crore was attained.
Moreover, Rs 1,000 crore will be invested in the logistics service for the roadshows in Singapore and Australia. Whereas Universal Success Pvt Ltd has decided to construct a logistics park with an investment of Rs 5,100 crore. On the other hand, during the tour of the UK and USA, Best Buy Trucking has signed an MoU to open a Logistics BPO and Training Centre.
Foreign companies have preferred renewable energy as the third number in the field of investment in the state. During the roadshow in UAE, Aastha Green Energy Ventures Pvt Ltd agreed on investment of Rs 4480 crore, Shree Siddharth Infratech & Services has made an action plan to spend Rs 8,000 crore.
Boson Energy SA has decided to spend Rs 1,000 crore during road shows in Germany, Belgium and Sweden. Along with this, Geothermal Core Inc will set up a renewable energy plant with Rs 820 crore. Resultantly, foreign investors will invest about Rs 14,300 crore in the field of renewable energy.
The fourth priority of foreign investors includes apparel and textile. During the tour of Japan and South Korea, 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 crore.
The film industry stands on the fifth as during roadshows in Germany, Belgium and Sweden, International Group AB decided to invest Rs 10,000 crore in Film City in the state.
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