The Yogi Adityanath government is determined to attract huge investments in Uttar Pradesh through the ‘Uttar Pradesh Investors Summit, 2018’, the first mega event of its kind in the state.
The two-day summit will be inaugurated by Prime Minister Narendra Modi at Indira Gandhi Pratishthan here on Wednesday.
This is probably for the first time that a concerted effort has been made by the government to woo industrialists and potential investors to Uttar Pradesh, where industrial development till date has been largely confined to Noida and Greater Noida in Gautam Buddha Nagar district in the NCR.
According to state industrial development minister Satish Mahana, 900 MOUs have been finalised with potential investors. Mahana said through these MOUs an investment of Rs. 3 lakh crore is expected to be made in different sectors in the state.
Among the proposals are a defence corridor in Bundelkhand, a logistic park in eastern Uttar Pradesh, electronic vehicles hub on the Agra-Lucknow Expressway and a pharmaceutical park in western Uttar Pradesh.
An investment of Rs 6300 crore is expected in the health and pharmaceutical sector.
Eighteen Union ministers will attend the conclave. These include finance minister Arun Jaitley, commerce minister Suresh Prabhu, information technology minister Ravi Shankar Prasad, defence minister Nirmala Sitharaman and information and broadcasting minister Smriti Irani.
The two-day event would be divided into 30 sessions with Finland, The Netherlands, Japan, Czech Republic, Thailand, Slovakia and Mauritius attending the summit as partner countries. President Ram Nath Kovind will be present in the closing session on Thursday.