As the government gears up for the ground breaking ceremony in which Prime Minister Narendra Modi will lay foundation of over 80 projects, the focus would be on heavy industry and infrastructure as around 37 per cent of Rs 60,000 crore proposed investment is expected in these sectors.
A senior official who is conversant with the process of giving letter of Intent to the companies by Prime Minister or Chief Minister Yogi Adityanath on July 29 in a function to be held in Indira Gandhi Pratishthan.
The source said that who will take the cake is still under wraps but it is bouquets of industries who will get the honours on that D Day. The investment in heavy industry is likely to be something around 25 per cent followed by infrastructure sector which would be 12 per cent.
The Adani group has shown interest in infrastructure and will invest in building roads, power projects, warehouses and cold storages . The Gyatri Construction, AFCONS, NCC , GMR Infratech, Oriental Construction and Reliance infrastructure are some of the names that have shown interest in construction of roads across UP.
There are other entrepreneurs who have shown interest in investments in information technology and electronics, housing, textiles, tourism, animal husbandry and power.
Another sector where investors have shown interest is food processing and diary. Sources claim that around 18 per cent investment is expected in these two sectors. There are proposals on diversification by setting up small units that will help the farm sector.
The projects of Reliance Jio, Infosys, TCS, and BSNl will draw an investment of around 13 per cent followed by 5 per cent in Housing sector and Forestry each. The Tourism has also evoked good response from the entrepreneurs. “The focus is on religious tourism. The Government has got proposals to spruce up almost all the important tourist places of the state including Allahabad, Varanasi, Mathura, Neemsar and Chitrakoot .
The groups like PayTM, Kanodia group, Zee and Patanjali Ayurved are also likely to get the letter of intent on the ground breaking function, the official said.
The Government had signed MoUs worth Rs 4.23 Trillion during Investors’ Meet held in February this year. Within five months the government has cleared 80 projects worth Rs 60,000 crore. Officials said if implemented this will generate employment for over 2 lakh educated youth.