The Yogi Adityanath model of governance in Uttar Pradesh is drawing a huge response from within the country and abroad with several industrial groups evincing interest in joining the proposed UP Global Investors’ Summit scheduled to be held in February next year.
Team Yogi visiting various countries is attracting investors through trade shows and roadshows. Numerous investors from America to Europe have been seen eager to invest in Uttar Pradesh.
In proposals received, agreements have been signed with Team Yogi for the establishment of several massive units, including units of manufacturing facilities, waste-to-energy units, wellness centres, eco-tourism resorts, information technology (IT) centres, and multi-sports centres. The UP government has set a target of investment of Rs 10 lakh crore in the state through the Global Investors’ Summit and it is expected that this target will be fulfilled 100 per cent as huge investment proposals have been received from abroad.
The Uttar Pradesh government delegation led by Deputy Chief Minister Keshav Prasad Maurya and IT Minister Yogendra Upadhyay received several offers for investment in the Netherlands. TeraWorks and Teamabi signed an intent to invest Rs 800 crore. Through this, it will begin GeoCrete additive manufacturing facilities in Uttar Pradesh. GeoCrete is an additive mixed with cement. Similarly, GC-BV signed two investment intents for 150 million euros (about Rs 132 crore) to set up waste-to-energy units in Muzaffarnagar and Ghaziabad. The deputy chief minister welcomed the investment of GC-BV and invited them to the scheduled Global Investors’ Summit.
Apart from this, Valuecent Group also signed an intent to invest Rs 100 crore to set up a wellness centre, eco-tourism resort and IT centre in Mathura. At the same time, Sports Networking Science filed an investment intent of Rs 600 crore. Through this investment, a multi-sports centre will be established in Uttar Pradesh.
Pickel BV has filed investment intent of Rs 450 crore to set up five biological wastewater treatment plants and a biogas treatment plant in Uttar Pradesh.
Maurya also invited the business communities of the Netherlands to participate. Speaking on the occasion, High Commissioner Reenat Sandhu welcomed the delegation and appealed to the business community to make the most of the investment opportunities being offered in Uttar Pradesh.
The delegation led by Finance Minister Suresh Khanna and former minister Sidharth Nath Singh, met Murali Chirala, CEO of FalconX in the US. Three MoUs were also signed on the occasion. One of these MoUs is specifically for setting up a plant in Noida, while the other two are MoUs involving an investment of Rs 20 crore each. The delegation also met KR Sridhar, Chairman, Bloom Energy and discussed partnership with Uttar Pradesh on innovation in the energy sector. The delegation also met Rajinder Singh, Chairman, Best Bay Trucking and signed an MoU worth Rs 1,000 crore.
On the other hand, many proposals for investment have been received during the roadshows in various cities of Canada under the leadership of UP Assembly Speaker Satish Mahana. The delegation also held several one-to-one business meetings apart from the roadshow. On this occasion, there was a positive discussion about strengthening business relations and investment with Uttar Pradesh. Many big agreements are likely to be signed during the Global Investors’ Summit.