The government increased its investment target from Rs 10 lakh crore to Rs 17 lakh crore. And then to Rs 21 lakh crore after initially setting it at Rs 10 lakh crore.
The Uttar Pradesh government announced that it has received domestic investment proposals and intents totaling Rs 21 lakh crore. In addition to the Rs 7.12 lakh crore worth of proposals from foreign investors. Ahead of the Global Investors Summit in Lucknow.
The government increased its investment target from Rs 10 lakh crore to Rs 17 lakh crore. And then to Rs 21 lakh crore after initially setting it at Rs 10 lakh crore.
To get investments, the government has been holding roadshows for the last two months. Several groups, led by ministers, visited countries like the Netherlands, Denmark, Singapore, Japan, South Korea, Australia, United Kingdom, United States, Germany, France, Argentine, Mexico, United Arab Emirates, and Mauritius to seek investment.
This was follow by similar roadshow in the country’s major cities, including Mumbai, Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad.
The third round of roadshows was held in the state’s districts and divisions. According to officials, some district roadshows are still ongoing. It will conclude before the three-day investors’ summit in Lucknow, which begins this Friday.
UP Government :
The government announced on Monday that among the cities in the country, Mumbai received the most investment proposals (Rs 5 lakh crore), while the Kolkata roadshow received the fewest (Rs 7,000 crore).
“The Delhi roadshow attracted investment proposals worth Rs 2.75 lakh crore, Ahmedabad at Rs 40,000 crore, Hyderabad at Rs 25,000 crore, Bengaluru at Rs 25,000 crore, Chandigarh at Rs 10,000 crore, Chennai at Rs 9,000 crore, and Kolkata at Rs 7000 crore,” an official said.
Among the districts of Uttar Pradesh, Jhansi district in Bundelkhand sprung a surprise with maximum intents of Rs 1.1 lakh crore, officials said.
Sources said that almost half of these investment proposals were in the power and energy sector, while the rest were in the defence sector, considering Jhansi being one of the nodes of the Defence Corridor.