Prime Minister Narendra Modi will lay the foundation of industrial and infrastructure projects worth Rs 80,000 crore in Lucknow at a big ticket groundbreaking ceremony on June 3.
The event, which will be attended by 50 top industry captains and industrialists, is the 3rd groundbreaking of the UP Investors’ Summit, which was inaugurated by Modi in February 2018.
Earlier, projects worth Rs 1.25 trillion have already been launched at the previous two groundbreaking ceremonies. The Yogi Adityanath government 1.0 (2017-22) had garnered investment proposals totalling Rs 4.68 trillion at the mega 2018 Summit.
Moreover, the government has claimed projects worth Rs 3 trillion had either been completed or the work was already in progress and at different stages across the 75 districts.
Meanwhile, the government is looking at fresh employment and self employment opportunities of nearly 0.5 million in the state with the projects lined up for the groundbreaking this week.
According to a senior UP government officials, prominent industry veterans, who have confirmed their presence at the June 3 event, include Torrent Group chairman Sudhir Mehta; Hiranandani Group managing director Niranjan Hiranandani; Jindal Group director Parth Jindal; godrej Properties executive chairperson and Godrej Group director Pirojsha Godrej; ITC managing director Sanjiv Puria; Lulu Group managing director Yousuf Ali; and Maruti Suzuki India chairperson R C Bhargava among others.
Recently, CM Yogi had reviewed the nearly 1,400 projects to witness groundbreaking at the hands of the PM. He said these projects will spur the per capita income of the state.
“The CM is personally supervising the arrangements of the groundbreaking ceremony to ensure it marks a turning point in the emergence of UP as a $trillion economy in near future,” he added.
Meanwhile, about Rs 20,000 crore are expected to be invested in the state data centre domain. In terms of the number of projects, the food processing sector tops with 474 projects worth Rs 4,118 crore. Although IT and electronics landscape will witness 14 projects, the projected investment is highest at over Rs 20,587 crore.