Corporate / SME | Global Textiles

A Request To Investors To Seize Opportunity At UP Global Summit

Published: February 11, 2023

The 3-day Global Summit was inaugurated by Prime Minister Narendra Modi on Friday. On the summit, he requested the investors to seize the opportunities which are arising from the partnership and helps in resolving the double engine government in the state.

Till now, Uttar Pradesh government has received investment worth Rs.32.92 lakh crore. This will help in creating more than 9.25 million jobs. In this three day mega event the roadshow will be displayed in India as well as abroad. In the last 5-6 years, Uttar Pradesh has confidently established itself. It is now known for good governance, better law and order, peace and stability.

There is a vibrant network which will be established with both traditional businesses like Bhadohi carpets and Varanasi Silk and also the modern businesses with 60% mobile manufacturing in UP alone. The amount of Rs.32.92 lakh crore has been received through 18.645 memorandum of understandings (MoU). This is more than the size of the state’s economy which was previously Rs.19 lakh crore between 2021 and 2022.

Out of this, Rs.9.55 lakh crore has been given to Purvanchal and Rs.4.28 lakh crore has been allotted to Bundelkhand. Both these regions are considered economically backward. In the year 2018, when the summit was held, Rs.4.28 lakh crore investment was received, there were allotments which were actually executed. There are many sectors which received investment proposals of renewable energy, electronics manufacturing, housing and logistics, real estate, IT, tourism, textiles, power generation, dairy, food and civil supplies, bio-fuel, etc.

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