UP investors' summit: State govt says inked investment pacts with both public, private firms

WION Web Team Lucknow, Uttar Pradesh, India Feb 22, 2018, 07.45 AM(IST)

Over 5,000 delegates are expected to attend the UP Investors Summit while over 100 speakers will address the gathering. (Photo courtesy: twitter.com/InvestInUp) Photograph:( Others )

Uttar Pradesh government today said that both public sector undertakings and private sector have promised to invest in the state.

On the first day of the UP Investors Summit, public sector undertakings and private sector evinced their interest to invest in the state.

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An UP government spokesperson today said, "Among some of the top MoUs signed with the private sectors are: Adani (Rs 35,000 crore), Birla (Rs 25,000 crore), Essel (Zee Group Rs 18,000 crore), Reliance Jio Infocomm (Rs 10,000 crore) and Hinduja (Rs 10,000 crore)," he added.

Among the public sector undertakings, THDCIL (Rs 12,000 crore), BHEL (Rs 12,000 crore), Mathura Refinery-Expansion (Rs 8,700 crore), DMIC DC (Delhi-Mumbai Industrial Corridor (Rs 5,000 crore), IOCL (Rs 1,500 crore) and GAIL (Rs 1,200 crore). 

'UP Investors Summit' is in line with the summits held by states like Gujarat (Vibrant Gujarat) and Maharashtra (Magnetic Maharashtra Summit) to attract potential investors. 

The UP Investors Summit is the first such event to be held by the Yogi government. Over 5,000 delegates are expected to attend the event while over 100 speakers will address the gathering.

The summit will bring together various stakeholders to find better investment opportunities in the state.

Apart from government and major business heads, representatives from Mauritius, Japan, the Netherlands, Finland, Czech Republic, Thailand and Slovakia will take part.

(With inputs from PTI)