UP Global Investors Summit to begin with Rs 27 lakh crore leap | India News


LUCKNOW: Aiming to establish Uttar Pradesh as a major investment hub and develop it into a $1 trillion economy, the state government, led by chief minister Yogi Adityanathwill welcome thousands of industry luminaries, foreign investors and political bigwigs to the three-day UP Global Investors Summit starting Friday. PM Ways will inaugurate the programme on Friday, while the chief guest at the closing ceremony on Sunday will be President Draupadi Murmu.
As man as 23 Union ministers, including defence minister Rajnath Singh and home minister Amit Shah, and foreign delegates will participate in over 30 technical sessions on various sectors like manufacturing, defence.
Representing India Inc will be Reliance Group chairman Mukesh Ambani, Mahindra Group chairman Anand Mahindra, Aditya Birla Group chairman Kumar Mangalam Birla and Tata Sons chairman N Chandrasekaranamong others.
Having set a target of getting investment of Rs 10 lakh crore through this event, the government had already received proposals for over Rs 27 lakh crore through close to 18,000 MoUs till the eve of the programme, which, when fully implemented, can yield as many as two crore direct and indirect jobs in the state. Till Thursday the government had received around 18,477 intents of investment, of which about 17,782 have been converted into MoUs. Another 500 are under scrutiny and may be signed during the summit itself.
To ensure the success of this programme, the state government undertook roadshows in 21 cities across 16 countries to invite participation in GIS-2023 and speak about the investment-friendly environment in UP. The result of these ministerial visits was that 108 MoUs, worth Rs 7 lakh crore, have been signed. A special “Nivesh Sarathi” portal was set up only for the purpose of signing MoUs online and tracking them to ensure effective and quick implementation.
The three-day gala event will see the participation of investors from the US, UK, Australia, South Korea, Japan, UAE etc., especially from Indian diaspora living in these countries.


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