Team UP signed memorandums of understanding (MoUs) worth Rs 25,000 crore with 33 entrepreneurs during its seventh domestic roadshow held in Bengaluru on Monday.
The team is touring the country under the guidance of Chief Minister Yogi Adityanath to make Uttar Pradesh a growth-engine of New India and attract investments of Rs 17 lakh crore to the state through the Global Investors Summit 2023 (GIS 2023) to be held in Lucknow next month.
Addressing entrepreneurs during the roadshow, Deputy CM Keshav Prasad Maurya said this is the best opportunity for investment in UP, adding that the BJP Government was there to stay in Uttar Pradesh for the next 25 years.
“In terms of law and order, UP is today a riot-free and crime-free state. This is the most favourable time to invest in tourism, agriculture, defence, logistics, infrastructure, real estate, health, IT sector. Chief Minister Yogi Adityanath is constantly working to make Uttar Pradesh the growth engine of India”, Maurya said.
Addressing the investors, Cabinet Minister Surya Pratap Shahi said UP was going to organise the country’s biggest investors’ summit this year. “The relationship between Karnataka and Uttar Pradesh is centuries old. The land of Ram, Krishna and Kashi Vishwanath is entering a new era of development today. Entrepreneurs of Karnataka should join this development journey of UP,” he said.
This year, through the Global Investors Summit, Yogi Adityanath has set an investment target of 17 lakh crore, out of which MoUs worth more than 15 lakh crore have already been signed.
State Chief Secretary Durga Shankar Mishra said that Uttar Pradesh guarantees every facility that they would need for investment in UP. He said that Prime Minister Narendra Modi has set a target of making the country a $5 trillion economy and Chief Minister Yogi Adityanath has pledged to contribute $1 trillion from Uttar Pradesh towards achieving this goal.
During the roadshow, information about investment opportunities in UP was given to the entrepreneurs through video films. Infrastructure and Industrial Development Commissioner Arvind Kumar enumerated the opportunities and benefits of investment in Uttar Pradesh through a presentation.
Manoj Gupta, chairman, MKU Limited, and Ullas Kamath, chairman, FICCI, Karnataka shared their experiences of investing in Uttar Pradesh. Ullas Kamath said that the development of infrastructure in UP in the last 8 years has been much faster than in China.