The one-day Lucknow Investors Conference on Tuesday brought investment proposals worth Rs 56,000 crore ahead of the Global Investors Summit-23. The conference was organized by the District Administration and IIA Lucknow Chapter.

The conference was divided into four sessions, during which the District Magistrate, LDA VC, and CDO provided information on the new investment policies of the government as well as the Yogi government’s guidelines for resolving issues faced by industry owners.

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Chief Guest Deputy Chief Minister Brajesh Pathak, Special Guest Union Minister Kaushal Kishore, and Minister of State Jitin Prasad remained present during the event. A total of 262 MoUs worth Rs 56,299 crore were signed during the conference from 331 investment proposals that were submitted online.

According to District Magistrate Suryapal Gangwar, at the conference, MoUs worth a total of Rs 2032 crore were signed with Shalimar Corporation Ltd, Rs 1500 crore with Omaxe Ltd, Rs 1400 crore with Amravati Residency Ltd, Rs 903 crore with Rishita Developers Pvt Ltd, Rs 226 crore with Sapphire Infraventure Pvt Ltd, Rs 300 crore with Aerolay Technology Ltd and 45 crores by LabCam PathLab.

He added that according to information available online at the Nivesh Sarathi portal, 331 intents have been submitted thus far, and 262 Memorandums of Understanding, totalling Rs 56,299 crore have been inked.

At the same time, during the conference, the government’s new policies were explained in detail in technical sessions including: manufacturing, textile, MSME and Industrial Investment; Agriculture, Dairy and Food Processing and Bio-energy; Housing, Infrastructure and Logistics, and Tourism. Along with this, various departments also set up stalls to help the entrepreneurs.

Gangwar said: “Under the Chief Minister’s instruction, an investor conference for local investors was held at IGP today. Many entrepreneurs attended, and MoUs worth Rs 50,000 crore were inked. Through various sessions in the conference, the entrepreneurs were informed about the policies of the Yogi government.”

Ravindra Singh, Director, Morassi Pharmaceuticals Pvt Ltd, said: “The Government of Uttar Pradesh’s decision to host the Global Investors Summit in the interests of the industry is very commendable and will accelerate development. The facilities provided by the government for passing the map before the start of work in any industry, related to land utilization, simplifying the license process through a single window system and approving subsidies during the setting up of the industry, are very encouraging for the industries and the industrial sector of the state.”

Rahul, owner, Satyam Foods, said: “Investors are very excited to come to the state due to the new policies of the Yogi government for various sectors to promote industry in the state. In these policies, a lot of concessions have been given to the entrepreneurs as compared to earlier.”