India has become a market that you can’t ignore: Global experts
India has become a market that you can’t ignore, pushed on by government reforms and a booming tech industry, top industry experts have said.
India has become a market that you can’t ignore, pushed on by government reforms and a booming tech industry, top industry experts have said.
UP Chief Minister Yogi Adityanath, on Tuesday, said that the investment proposals totaling Rs 40 lakh crore received during last year’s Global Investors Summit, bear testimony to the growing interest of investors from across the globe in the state.
This assurance was reaffirmed by the Group Chairman Anil Agarwal at a meeting on breakfast with Chief Minister Bhajan Lal Sharma at the former's residence in London.
'The RIPS-2024, a flagship programme of the state government, will provide a set of new incentives to investors for IT, Power, Logistics sectors and more additions on the list of new sunrise sectors', Sharma has announced.
In preparation for this ambitious business conclave, the state government has planned investor meetings across the country and overseas.
The huge investment in UP from Gujarat is expected to generate 50,000 direct and indirect employment opportunities in the State.
The companies signing the MoUs will invest in data centre, logistic service, EMS for smart devices and IoT products, agro processing cluster, data center and logistic park and food processing.
Ex-post facto approval is given for cumulative expenditure incurred amounting to Rs 246 crore till January, 2022.
The Chief Minister envisioned that the tour to big industrial hubs of the country will further accelerate the industrial growth of state on one hand and open new vistas of employment for youth on the other.
The report titled "Climate Investment Opportunities in India's Cooling Sector" further estimated that by 2050, 45 per cent of the country's peak electricity demand in 2050 is expected to come from space cooling alone.
