The Uttar Pradesh Government on Thursday received initial investment commitments of Rs60,000 crore from companies, including Reliance Jio, Fortis and ITC, in areas ranging from agriculture to telecommunications. Enthused by the “success” of the Investor Conclave held here, state Chief Minister Akhilesh Yadav assured investors of extending help and co-operation in fructifying the projects in the days to come.
“The investors have shown interest. The UP Conclave has been a success. MoUs worth more than Rs60,000 crore have been signed today. The Government will continuously follow these investors, cooperate with them and resolve their matters,” he said.
Subhash Chandra-led Essel Group signed a Memorandum of Understanding (MoU) to invest Rs20,000 crore in areas like urban development and power distribution; Mukesh Ambani's Reliance Jio pledged Rs5,000 crore outlay for implementation of 4G network.
FMCG major ITC plans to invest Rs2,100 crore in various sectors; Fortis Healthcare promised Rs800 crore outlay for setting up three 250-bed hospitals each at Kanpur, lucknow and Greater Noida.
Amity Group pledged Rs2,000 crore investment for setting up an educational complex in Kanpur.
Uflex promised Rs4,000 crore for setting up a 300 MW solar park in Bundelkhand region.
Investment of Rs2,200 crore was committed by JVl Agro Industries in agro and food processing sectors. River Engineering plans to set up an air taxi base for Rs350 crore. Sonalika plans Rs200 crore investment for setting up a farm equipment and tractor manufacturing base.
Shree Cement plans to build its maiden manufacturing base in the state with Rs550 crore investment for setting up a cement grinding unit. UK-based Ultra Fairwood Group has also tied up with the State Government to invest Rs220 crore in the State.