Corporate / SME | Garment | Import/Export

West UP will be the Core Of Investments

Published: February 9, 2023

There are around 100 proposals which are rejected by the agency. According to the insiders, 56% of the investments has been made towards the general manufacturing. This will fortify the state’s MSME sector in a big way.

Only 15% of the investment has been made for food processing and dairy sectors which are standing at 8%. The textile manufacturing, tourism, IT & Electronics are standing at 7%, 5% and 1% respectively. UP remained the most invested account of 45% from Purvanchal (which had 29%) of the investment.

There are hectic preparations going on so as to set up a good impression during the summit. The Summit will begin with PM Modi inaugrating the programme on Friday. This will be witnessed by Industry giants and foreign delegates. Union Minister Amit Shah will be joining the inauguration ceremony.  Draupadi Murmu, President of India will be present during the closing ceremony.

Foreign delegates and industry giants- which are 30 in number  will be joining the session over 3 days.The teams of ministers and beureaucrates of roadshows across 21 cities and 16 countries has has collected over Rs.7.12 lakh crore (through 108 MoUs). The most popular sectors of investments include the data centres, renewable energy, apparel and textile and the film city.

The data centre has the largest collection of RS.17,000 crore with logistics at the second position (RS.16,180 crores).

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