Lucknow (Uttar Pradesh) [India]December 14 (ANI): Investors from various countries across the world have submitted investment offers in many sectors in Uttar Pradesh including agriculture, tourism and infrastructure.
This comes as delegations from the Yogi Adityanath government are visiting various foreign countries to invest in the state.
According to an official statement, investors from countries like Belgium, UAE, Canada and the US are coming with investment offers in many sectors including logistics and shipping, agriculture, tourism, infrastructure and renewable energy, ahead of the Global Investors Summit, which is scheduled to be held in Lucknow in February 2023.
“Lakhs of new employment opportunities will be created in the state through these investment proposals,” the statement said.
Chief Minister Yogi has set an investment target of Rs 10 lakh crore for GIS by 2023.
“To achieve this objective, CM Yogi has sent separate teams of his ministers and officers to different countries of the world to hold road shows and one-to-one meetings with the investors,” the statement said.
In Belgium, the delegation led by Industrial Development Minister Nand Gopal Gupta, Nandi and Public Works (PWD) Minister Jitin Prasad signed an MoU worth Rs 200 crore with Gemini Corporation.
“The Minister of Industrial Development himself shared this information through a tweet. In his tweet, he wrote that a memorandum of understanding was signed with Gemini Corporation, which has recycled 2 billion kg of plastic, paper, tires, metal and wood annually since 1989, to set up a recycling facility with a capacity of 300 tonnes of plastic per day in Varanasi at a cost of Rs 200 crore,” the statement said.
The delegation also met with the management of IKEA, a furniture and home appliance and design company, in Stockholm, Sweden, along with embassy officials on Wednesday.
The company’s global expansion head Jan Christensen expressed a desire to invest Rs 4,000 crore.
“With this investment, the company will open retail stores and luxury malls in Uttar Pradesh. On this occasion, apart from setting up the company’s unit in Noida, their future investment plans were discussed,” the statement said.
Earlier, the delegation met the Secretary General of Flanders, Julie Benens, and discussed with him the investments of Belgian companies in the state. The delegation also visited the Swedish Environmental Institute’s IVL campus and discussed cooperation for a successful transition to a sustainable environment in the state through solid waste management and water purification in coordination with Jal Nigam and other departments.
The delegation led by UAE MSME Minister Rakesh Sachan has received 25 letters of intent worth Rs 20,340 crore.
“Through this investment, 27,000 new jobs will be created in the state. The delegation also met the representatives of DP World. DP World representatives agreed to invest in a joint venture in the logistics and shipping sector at Dadri in Uttar Pradesh,” the statement said.
Earlier, this delegation had met Lulu International Group chairman Yusuf Ali and other entrepreneurs and invited them to the Global Investors Summit.
A delegation led by Vidhan Sabha Speaker Satish Mahana and Animal Husbandry and Dairy Development Minister Dharampal Singh met JMQ Global’s chief mentor and co-founder Hilmi Qureshi in Montreal.
Investment opportunities and plans were also discussed during this round table meeting.
“On this occasion, Hilmi Qureshi expressed his desire to invest in health technology. The delegation also discussed the possibilities of partnership with the company in areas such as health, AI, IT and ITES technology,” the statement said.
The delegation also met Eric Krypton, head of the CDPQ. He expressed his desire to invest in renewable energy and highway infrastructure in Uttar Pradesh. The delegation also discussed the possibilities for partnerships in areas such as pension funds and finance.
The delegation also met Fan Camp Explorations CEO and CIO Rajesh Sharma. UP’s Rajesh Sharma discussed investments in the area of mineral exploration and energy reduction.
Pierre Sean Yun, Bombardier’s vice president of government affairs expressed his desire to invest in defense and aerospace, while Jim Integrated Shipping Service Co president Steve M Fielder indicated his willingness to invest in logistics and delivery.
In Vancouver, the delegation met several investors including, among others, Pankaj Agarwal, founder and CEO of Optimus Information Inc. They discussed partnerships in data centers, healthcare, food processing, IT, ITES, defense and aerospace.
At the same time, a Memorandum of Understanding was also signed between Invest UP and the Canada India Global Forum on the promotion of GIS 2023. Similarly, a Memorandum of Understanding was signed with the Indo-Canada Ottawa Business Chamber. It will send a group of investors to the summit.
The delegation, led by Finance Minister Suresh Khanna and former minister Siddharth Nath Singh, met Avi Basu, founder and CEO of WingSure in New York, USA.
On the occasion of this meeting, an in-depth discussion was held on the use of technology in the field of agriculture.
A delegation led by Technical Education Minister Ashish Patel and Tourism and Culture Minister Jaiveer Singh hosted a separate roadshow in Seoul, South Korea. (ANI)