Targetting to garner almost Rs 10 trillion in investment, the Uttar Pradesh government will host a mega ‘UP Global Investor Summit’ in January 2023.
In run up to the big ticket event, the state will organise roadshows in leading countries, including the UK, USA, UAE, Canada, Sweden, Singapore, the Netherlands, Israel, France, Germany, South Korea, Russia and Australia.
The roadmap is significant in view of the state aspiring to become India’s first $trillion economy.
Meanwhile, the Yogi Adityanath government 2.0 will also explore the possibility of roping in countries such as the Netherlands, Japan, Slovakia, Czech Republic, Finland, Thailand, Belgium and Sweden as ‘partners’ for the Summit.
At the UP Investors Summit 2018, UP had netted nearly Rs 4.68 trillion in public and private investments from national and multinational firms. Of these, the state has already launched projects totalling Rs 3 trillion so far.
Recently, UP chief minister Yogi Adityanath had presided over a meeting of senior officials to review the preliminary work and to set the agenda for the global summit.
In June 2022, the UP government had signed a memorandum of understanding (MoU) with the Paytm parent company, One97 Communications, to facilitate digital payments and lending solutions to the micro, small and medium enterprises (MSME).
The state firmly believes that the MSME sector would play a vital role in generating economic activities and providing the much needed leeway to achieve higher Gross State Domestic Product (GSDP).