Karnataka investors see UP as a promising destination

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Karnataka-based investors expressed a strong desire to invest in Chief Minister Yogi Adityanath’s Uttar Pradesh during the B2G (business to government) meetings held between them and Team Yogi headed by Deputy Chief Minister Keshav Prasad Maurya at Hotel Taj West End in Bengaluru on Monday.

The investors said that Uttar Pradesh had transformed under Chief Minister Yogi’s leadership and was fast emerging as the growth engine of changing India.

It is worth mentioning here that this was the seventh of the nine domestic meetings cum roadshows being organised under the guidance of Chief Minister Yogi Adityanath to invite investors to take part in Global Investors’ Summit-2023 and also invest in the state.

Big business houses like Infosys and Ola attend the B2G meeting. The B2G meetings started with important sessions with companies like Infosys and Ola. This was followed by Team Yogi’s meetings with Federation of Karnataka Chamber of Commerce President BV Gopal Reddy and Managing Director of Kisan Craft Ravindra Aggarwal. BT Infosys corporate affairs head Santosh Ananthapura and Ola Electric Managing Director Mohit Sevakramani and Group CFO GR Arun Kumar met Deputy Chief Minister Keshav Prasad Maurya and proposed investment in UP.

Apart from this, Arunakar Mishra, MD & CEO of Zensar Aerospace & Information Technology Pvt Ltd, expressed his desire to invest in the aerospace sector in Uttar Pradesh. Besides veteran companies, young entrepreneurs also attended the meeting and expressed their desire to work in different sectors of Uttar Pradesh.

Ravindra Agarwal, Chairman of Kisan Craft Limited, said that his company was interested in investing in the agriculture sector of UP, adding that a research was also being conducted on seeds.

“Chief Minister Yogi Adityanath has changed the thinking of the people about Uttar Pradesh. Our company is very excited to invest in changing UP,” he remarked.

Arubito's CMD Gururaj R Itigi said that his company would like to set up a hardware manufacturing plant and a semiconductor plant in UP. “During the tenure of Yogi Adityanath, a lot of development work has been done in Uttar Pradesh, especially in the field of infrastructure. As for us, we are a trusted brand in semiconductor manufacturing and we believe that UP has full potential to become a hub of semiconductor manufacturing. This journey of development of Uttar Pradesh will not only increase employment in the state but will also bring prosperity to it,” he said

HG Harsha, Chairman of Sri Sri Ravi Shankar Vidya Mandir Trust, said that his trust was engaged in the promotion of education across the country for the last 25 years, operating more than 100 schools and expressed willingness to set up a university as well as schools in UP. “UP has undoubtedly entered the era of development. This has been possible only because of the efforts of Chief Minister Yogi Adityanath. Sri Sri Ravi Shankar Vidya Mandir Trust wants to open a university and schools in UP under various boards including, the CBSE, ICSE and UP Board. Today, I met the members of Team Yogi here. The conversation has been very fruitful. We are very optimistic about investing in UP,” Harsha said.

BV Gopal Reddy, President of the Federation of Karnataka Chamber of Commerce, the most prestigious organisation of industry, trade, service and professionals of Karnataka, said that as many as 3,500 business groups of Karnataka were associated with their organisation, adding that they would prepare the ground for big investments in UP by talking to groups associated with the chamber of commerce and industry.

“The Uttar Pradesh government has approached us for investment. The deputy chief minister told us that the Yogi government had adopted 25 new policies to promote industries in Uttar Pradesh. I think Uttar Pradesh has full potential to become the growth engine of a changing India,” Reddy said.

Akshata GN of De Pedro Sugar Industries Pvt Ltd said that her company was excited to invest in UP and remarked that it was the most important state of India, where there was immense potential for employment generation. “Our company wants to invest about Rs 850 crore in the field of sugar industry and super computers in UP. I think UP is a state with infinite possibilities from the point of view of investment. I would request everyone to come forward to invest in UP,” Akshata GN said.

Team Yogi's delegation for B2G meetings was divided into two groups. The first group led by Deputy Chief Minister Keshav Prasad Maurya consisted of ministers Surya Pratap Shahi and Dinesh Pratap Singh, besides Chief Secretary Durga Shankar Mishra, CEO Invest UP Abhishek Prakash and Chief Minister’s Economic Advisor KV Raju. The second group included IT and Electronics Minister Yogendra Upadhyay, Sports Minister Girish Chandra Yadav, Arvind Kumar (IIDC) and nodal officer of UP Defence Industrial Corridor, Air Chief Marshal (Retired) RKS Bhadauria, and other officers were present.

Team Yogi kicked off its domestic roadshows in Mumbai and has so far held seven of them including in Chennai, Kolkata, Delhi, Hyderabad and Ahmedabad, attracting investment proposals worth thousands of crores of rupees.

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