In yet another roadshow held at The Oberoi Grand Hotel in West Bengal’s capital Kolkata on Tuesday in the run-up to the Global Investors’ Summit to be held next month, the Uttar Pradesh government signed MoUs worth around Rs 7,000 crore. The projects belonging to different sectors are expected to provide employment opportunities to 14,000 youths of the state.
The agreements were signed in the presence of UP’s Industrial Development Minister Nand Gopal Gupta ‘Nandi’, Labour and Employment Minister Anil Rajbhar, Transport Minister Dayashankar Singh and Minister of State for IT Ajit Pal Singh among others.
The government signed a Rs-2,000 crore MoU with Greentech Environment Pvt Ltd and another worth Rs 1,650 with Captain Steel. An agreement worth Rs 630 crore was signed with Shyam Metallics, Rs 500 crore each with Haldiram Bhujiawala and Balaji Wafers, and Rs 250 crore each with Tata Steel Down Stream Products Limited, and SRMB.
Besides, MoUs worth Rs 50 crore, Rs 200 crore, Rs 25 crore and Rs 50 crore were signed with Anmol Feeds for Fish Farming, Allenberry (Medical Gas), Eastern Equipment ENT and Lux Industry Limited 50 crores in textile, respectively. The government also signed MoUs worth Rs 400 crore, Rs 200 crore and Rs 150 crore with Infinity Infotech Park, Char Nauk Hospital (SKM Group) and Meghdootam Travels, respectively.
Tata Steel Down Stream Products Limited has agreed to provide employment opportunities to 300 people, Haldiram Bhujiawala to 1,500, Anmol Feeds to 200, Greentech Environment Pvt Ltd to 5,000, Allenberry (Medical Gas) to 200, Shyam Metallics to 720, Eastern Equipment ENT to 50 and Lux Industries Limited to 500.
Captain Steel will make available 1,800 jobs, Char Nauk Hospital (SKM Group) 1,700 jobs, SRMB 750, Infinity Infotech Park 500, Balaji Wafers 1,500, and Meghdootam Travels 5,000.
In a video message to the investors on the occasion, Chief Minster Yogi Adityanath invited them to the Global Investors’ Summit to be held in Lucknow in February this year.
The chief minister said that even during the Covid pandemic, the state attracted investment to the tune of Rs 4 lakh crore, reflecting the trust that the state has been able to build among investors in recent times with better law and order and infrastructure in the state.
“Under the leadership of Prime Minister Narendra Modi, India has emerged as a favourite investment destination for investors abroad. By following the PM’s mantra of ‘Reform, Perform and Transform’, UP has emerged as the new growth engine of India. Uttar Pradesh boasts of good governance, sound law and order, ease of doing business in which the state is number two in the country, robust infrastructure and largest consumer market. The state is on the way to becoming the second largest economy in the country. Six expressways have been completed while seven are under construction in UP. Nine airports, including three international ones, are operational while the construction of 10 others, including two international ones, is underway. The national waterway between Haldia and Varanasi has been opened. The government has launched single-window portal Nivesh Mitra to facilitate setting up of units and provide online incentive management for investors,” the CM said.
According to the CM, the GSDP of UP is estimated at 21 lakh crore in the 2022-23 financial year, which is 65% higher than the 2016-17 figure.
He added that Uttar Pradesh is contributing 8% to the GDP while the average annual growth rate of its economy is 11%.
Speaking on the occasion, Nand Gopal Gupta ‘Nandi’ said the Uttar Pradesh government provided incentives worth Rs 1,800 crore to the investors since 2018. He added that the government was providing up to 300% incentives.
Chairman of CII (West Bengal) Prashant Sharma said that the target of $1-trillion economy by the Yogi government was lofty but achievable because of the state’s robust infrastructure, multi-industrial base, agricultural growth, skilled development programme for workers, remunerative employment opportunities and industry-friendly policies of the government.
He pointed out that two industrial corridors, two trade corridors and one defence corridor were also coming up in the state.