Lucknow, 16 Dec: The Uttar Pradesh government has claimed that the team of ministers and officials, who are holding road shows and meeting industrial groups in foreign lands, are successfully attracting investors as there is likely to be a ?15,000 crore inflow of foreign funds.
There have been extensive discussions with investors in countries like America and Singapore, in an attempt to make Uttar Pradesh an attractive place for investors. The Yogi government has also received six MoUs worth ?1200 crore from Vancouver, Canada, which proposes to create 600 employment opportunities.
According to official sources, the UP government received significant investment from Sweden. Swedish companies are ready to invest in retail, tourism, and waste management in the state.
During a Thursday roadshow in Stockholm, a team led by Industrial Development Minister Nand Gopal Nandi and Public Works Department Minister Jitin Prasada interacted with the Swedish business sector. Various Business to Business (B2B) and Government to Government (G2G) conversations on investment in industries such as defence, textile and garments, food processing, automobile and EV, renewable energy, waste and water management, and transportation have taken place on occasion.
On the other hand, the Additional Chief Secretary (Sports and Youth Affairs) Navneet Sehgal and other Uttar Pradesh government top executives informed the Swedish business community about the devoted investment facilities and the strength of the state.
The team also paid a visit to the IKEA Gallerien in Stockholm. Cerner, a Swedish construction business, proposed investing ?10,000 crore in the Uttar Pradesh film city project.
At the same time, Boson Energy has committed an investment of ?1,000 crore for the Waste Energy Project, and tourist investment offers worth ?40 crore were also received. Significantly, the UP team led by Assembly Speaker Satish Mahana and Animal Husbandry Minister Dharampal Singh received multiple investment bids in Vancouver, Canada.
The delegation inked six investment proposals (MoUs) worth ?1,200 crore with the business community. These investment plans are for IT parks, aluminium and kitchen supply manufacturing plants, hotels, and so on.
More than 600 individuals will most likely find work as a result of these investment ideas. The team also met with Raj Chauhan, the Speaker of British Columbia, and reviewed investment opportunities in the state.
