The one-day Lucknow Investors’ Conference at Indira Gandhi Pratishthan on Tuesday brought investment proposals worth Rs 56,000 crore ahead of the Global Investors’ Summit-2023 (GIS). The conference was organised by the district administration and IIA Lucknow Chapter.
The conference was divided into four sessions during which the district magistrate, LDA VC, and CDO provided information about the new investment policies of the government as well as the guidelines for resolving issues faced by industry owners.
The chief guest on the occasion was Deputy Chief Minister Brajesh Pathak while special guest was Union minister Kaushal Kishore. Minister of State Jitin Prasada was also present at the event. Of the 331 investment proposals submitted online, a total of 262 MoUs worth Rs 56,299 crore were signed during the conference.
According to District Magistrate Suryapal Gangwar, MoUs worth Rs 2,032 crore were signed with Shalimar Corporation Ltd, Rs 1,500 crore with Omaxe Ltd, Rs 1,400 crore with Amravati Residency Ltd, Rs 903 crore with Rishita Developers Pvt Ltd, Rs 226 crore with Sapphire Infraventure Pvt Ltd, Rs 300 crore with Aerolay Technology Ltd, and Rs 45 crore by LabCam PathLab.
According to information available at the Nivesh Sarathi portal, 331 intents have been submitted so far and 262 MoUs totaling Rs 56,299 crore have been inked.
At the same time, the government’s new policies were explained in detail in technical sessions. Various departments also set up stalls to help the entrepreneurs.
Director of Morassi Pharmaceuticals Pvt Ltd Ravindra Singh said: “The Uttar Pradesh government’s decision to host the Global Investors’ Summit in the interests of the industry is commendable and will accelerate development. The facilities provided by the government for passing the map before the start of work in any industry — related to land utilisation, simplifying the licence process through a single-window system and approving subsidies during the setting up of the industry — are encouraging for the industries and the industrial sector of the state. It is going to accelerate development and is a step towards a $1-trillion economy.”
Owner of Satyam Foods Rahul said: “Investors are excited to come to the state due to the new policies of the Yogi government for various sectors to promote industry. A lot of concessions have been given to the entrepreneurs as compared to earlier. At the same time, this government is paying more attention to us than the previous governments. Along with this, more focus is being given on solving the problems of entrepreneurs online due to which both our time and energy is being saved. For this, I thank the chief minister very much.”