UP govt. inks deals worth Rs 25,000 cr from investors in Hyderabad
Road show in Hyd is part of the run up to the CM’s plan for the Global Investors Summit, 2023, to be held in Lucknow next month
HYDERABAD: The Uttar Pradesh government seeking investments in the state that will make the state a $ 1 trillion economic engine, has inked deals worth Rs 25,000 crore from investors and businesses in Hyderabad at its roadshow in the city.
The Uttar Pradesh team, led by its Deputy Chief Minister Brajesh Pathak, signed deals with various companies for investing in the state on Wednesday. The agreements for investments are expected to result in some 32,000 jobs in Uttar Pradesh.
The road show in Hyderabad is part of the run up to the Chief Minister Yogi Adityanath’s plan for the Global Investors Summit, 2023, to be held in Lucknow next month. On Thursday, 19 Memorandums of Understanding (MoUs) worth Rs 25,000 crore were signed and several were focused on medical, energy, EV manufacturing and infrastructure sectors.
Pathak had said that with Uttar Pradesh accounting for a fifth of India’s population, has targeted to turn itself into a $ 1 trillion economy, contributing it’s share to the country’s plan to become a $ 5 trillion economy in the next few years.
Officials accompanying the team led by Pathak, which also included Cabinet Minister Baby Rani Maurya, Ministers of State Arun Kumar Saxena, Dayashankar Mishra and advisor to Chief Minister GN Singh, said 12 of the deals signed were worth more than Rs 100 crore each, while six worth Rs 1000 crore were agreed upon.
The largest deal was struck by the UP government with Megha Engineering & Infrastructure Ltd which said it was willing to make investments of up to Rs 15,500 crore in four sectors, including Rs 10,000 crore in infrastructure, another Rs 2,000 crore on developing a complete Pharma City, and Rs 1,500 crore in the field of medical infrastructure. The company also expressed willingness to invest Rs 2,000 crore in EV manufacturing.
Businesses willing to invest in UP
Megha Engineering & Infrastructure Ltd. (Rs 15,500 crore)
Pulsus Group (Rs 2000 crore)
Asian Institute of Gastroenterology Pvt. Ltd. (Rs 1500 crore)
Vasai Reality Pvt. Ltd. (Rs 1200 crore)
Fourth Partner Energy Pvt. Ltd. (Rs 1200 crore)
Triveni Renewables Pvt. Ltd. (Rs1200 crore)
NSL Sugars Ltd. (Rs 500 crore)
Marine Car Parks (Rs 350 crore)
Scalar 250 Crore Ecolastic Products Pvt. Ltd. (Rs 150 crore)
Sudhakar PVC Products (Rs 125 crore)
Atlas Financial Research & Consulting Pvt. Ltd. (Rs 100 crore)