In run up to the Uttar Pradesh Global Investors Summit (GIS) 2023, the state government has received investment proposals of more than Rs 7 trillion from international corporations spread over 16 countries.
The investment proposals were received during the recent pan-global roadshows held by different high level delegations led by UP cabinet ministers and comprising top bureaucrats.
They held confabulations with leading investors, entrepreneurs and business groups in the continents of Asia including the Gulf region, Europe, South America, North America etc.
The UP government is targetting to garner fresh investment proposals to the tune of Rs 10 trillion at the GIS during February 10-12, 2023 in Lucknow. This way, ‘Team UP’ has already achieved more than 70 percent of its ambitious target, the state government said.
On Thursday, after returning from their respective foreign tours, the state ministerial groups briefed UP chief minister Yogi Adityanath about their sojourns and investment proposals.
Expressing happiness over the outcome of the global roadshows, the CM reviewed the preparations for organising the GIS. He said Prime Minister Narendra Modi had given the ‘mantra’ of ‘Triple T’ to speed up the pace of development wherein it stood for Trade, Technology and Tourism.
“The state is dexterously moving forward by imbibing the mantra. This is the first time after Independence that Team UP went on a global tour with the aim to inviting investors from all over the world,” he added.
Yogi noted it was a matter of pride that roadshows in 16 countries paved the way for the investment of more than Rs 7.12 trillion so far. “Investment proposals worth Rs 4 trillion have been received from the UK and USA alone.”
The CM observed that big investments will create a large number of employment opportunities, which will directly benefit the youth. “GIS 2023 will become a major base in fulfilling the goal of making UP a $trillion economy…the Summit will strengthen ‘Brand UP’ on the global stage.”
For the purpose of a sustained follow-up, Yogi said, a dedicated team should be formed by nominating senior officers as the nodal officer for each country. This team will provide every resource according to the needs and expectations of the investors.