Finance & Economy

Rs. 34L-Cr Collected From MoUs At GIS

Published: March 2, 2023

President Droupadi Murumu said here on Sunday that Uttar Pradesh would provide a decisive boost to India’s economic growth in the ‘Amrit Kaal’ (75th year) of the country’s independence, even as the state government signed MoUs worth Rs 33.5 lakh crore at the three-day Uttar Pradesh Global Investors Summit-2023 (GIS-23).

This is the highest investment proposal received by any state government, said a government spokesperson. In January of this year, the ‘Invest Madhya Pradesh’ summit in Indore received proposals worth Rs 15.42 lakh crore. Similarly, the total value of MoUs signed at the Rajasthan Investor Summit last October was around Rs 11 lakh crore. In 2018, UP’s first investor summit received Rs 4.85 crore in proposals.

Speaking at the event’s closing ceremony On Sunday, President Murmu congratulated Chief Minister Yogi Adityanath on a very successful summit, noting that many countries expressed interest in the state’s growth and development. The CM stated that the GIS investment would be able to create more than 93 lakh jobs.

Yogi announced at the inaugural ceremony that the total value of MoUs signed by the state government was Rs 32.9 lakh crore, based on proposals received during roadshows held in 16 countries, eight Indian states, and all 75 districts of the state. However, several significant proposals were announced, most notably by RIL Chairman Mukesh Ambani and Aditya Birla Group Chairman Kumar Mangalam Birla. “UP, which is located at the In terms of economic contributions, it ranks first in the country. I am grateful to the state’s farmers and entrepreneurs for their efforts. “UP is’saksham’ (capable) and ‘taiyyar’ (ready) to play the role of India’s growth engine,” Murmu said.

M urmu stated that in the ‘Amrit kaal’ (75th year) of India’s independence, UP will provide a decisive boost to the country’s economic growth. Murmu referred to UP farmers as the “actual Annadata” of the country, referring to the land as ‘Annapurna’. “I come from a farming family and understand the role of agriculture in the country’s economic growth,” she explained. The President expressed her delight that the UP government was taking appropriate steps to promote The millets. She stated that the current “political stability” at the federal and state levels was critical for long-term investment and industrial growth. Murmu praised the state government for developing pro-investment policies and seeing to their implementation on the ground.

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