Union Home Minister Amit Shah will inaugurate the second groundbreaking ceremony for the launch of the industrial projects worth Rs 70,000 crore on July 28.
Vice President Venkaiah Naidu will preside over the concluding ceremony on July 29.
During the two-day UP Investors’ Summit in 2018, the Uttar Pradesh government and its various agencies had signed memorandums of understanding (MoUs) with public sector undertakings, private companies and industrial houses for investment of Rs 4.68 lakh crore in UP.
Industrial Development and MSME Minister Satish Mahana on Tuesday presided over a meeting of the steering committee set up to supervise the groundbreaking ceremony. Senior officials, including Chief Secretary Anup Chandra Pandey, principal secretaries of Home and Energy departments, Divisional Commissioner of Lucknow and officials of departments associated with the event attended the meeting.
Mahana said the state government planned to launch industrial and infrastructure projects worth almost Rs 70,000 crore this month.
These projects are part of the 1,047 MoUs signed by various companies with the state government during the UP Investors’ Summit held in Lucknow in February last year.
The second groundbreaking ceremony will be organised after the conclusion of the budget session of Parliament on July 26.
The projects lined up for the second groundbreaking ceremony relate to various sectors, including electronics, infrastructure, food processing and textiles.
The companies and industrial houses whose projects are likely to be launched include Aditya Birla Group, Vivo, Azure Power, Adani Gas, Samsung, Torrent, Medanta Hospital, JK Cement among others.
On July 29, 2018, Prime Minister Narendra Modi had laid the foundation stones of projects worth over Rs 60,000 crore. He had also exhorted Uttar Pradesh and Maharashtra to vie for becoming India’s first trillion dollar state economy.
Later, UP had announced to organise a second groundbreaking ceremony but it was postponed several times owing to lack of adequate groundwork, including land acquisition and clearances. Chief Minister
Yogi Adityanath had expressed displeasure over the delay. He recently directed officials to rationalise processes to encourage investment and to resolve industrial issues within seven days. He even warned of action against district magistrates who failed to resolve no objection certificate (NoC) issues within the stipulated time.
Out of the projects launched at the first groundbreaking ceremony in July 2018, the state claims that 29 projects worth Rs 30,000 crore had started commercial production and the rest 52 were nearing completion.
UP is planning to host the next investors’ summit in February 2020. It will be organised on a grand scale to position UP as an ideal investment destination. In the last such summit, UP had hosted foreign delegates from Mauritius, Japan, the Netherlands, Finland, Czech Republic, Thailand and Slovakia.