Uttar Pradesh is looking to launch a bouquet of private projects totalling more than Rs 5 trillion at a mega ceremony in Lucknow next month.
The 5th Ground Breaking Ceremony (GBC) of projects is expected to be inaugurated by Prime Minister Narendra Modi.
These private projects would span key sectors including energy, infrastructure, manufacturing, services, Global Capability Centres (GCC), tourism, food processing etc.
The event will propel the image of UP as an investment magnet amid the ambitious target set by the Yogi Adityanath government to make UP a $one trillion by 2030.
While projects of Rs 5 trillion are lined up for the 5th edition of the GBC, ‘Invest UP’ is dextersouly working to increase the aggregation of projects to about Rs 10 trillion by then.
Invest UP is already holding meetings with top domestic and global investors to showcase the state’s progressive industrial policies.
The global investors being wooed by UP include USA, Australia, Russia, Japan, South Korea, Germany, France, Singapore, Thailand etc.
At the UP Global Investors Summit (GIS) 2023, the Yogi government had garnered investment proposals to the tune of Rs 40 trillion, of which projects worth Rs 10 trillion were launched at the GBC 4.0 by PM Modi on February 19, 2024.