Ahmedabad industrialists will invest Rs 38K crore in Uttar Pradesh

Impressed by the policies and investment friendly atmosphere of Uttar Pradesh, as many as 22 investors from Ahmedabad signed memorandums of understanding (MoUs) amounting to Rs 38,000 crores during the B2G meetings and roadshows organised at The Crowne Plaza Hotel on Friday.

Through these MoUs, more than 50,000 employment opportunities will be created directly or indirectly in the state. At the same time, many other investors expressed their desire to invest thousands of crores in UP. These investors will finalize their investment by participating in the UP Global Investors Summit-23 to be held in the capital Lucknow in February.

The B2G meetings and road shows in Ahmedabad were led by Cabinet Minister AK Sharma. He was accompanied by Cabinet Minister Jitin Prasad, Minister of State Jayendra Pratap Singh Rathore and Advisors to Chief Minister Avanish Awasthi, GN Singh and other senior officials of UP Government.

Invited industrialists to invest in the state

Cabinet Minister Urban Development and Energy A K Sharma and Cabinet Minister PWD Jitin Prasada invited industrialists to invest in the state while outlining the Yogi government's investment-friendly policies.

During this, Minister of State Jayendra Pratap Singh Rathore said that UP's policy and environment are the best, so we are inviting all of you investors  to benefit from the sizable market.

Amul to set up milk plant in Baghpat with an investment of Rs 900 crores

Before the road show, business to government (B2G) meetings took place all day. During this, more than 30 investors took information from the delegation of Uttar Pradesh about investment prospects in the state as well as the many exemptions and reliefs that are provided by the policies.

Torrent Pharma, a well-known pharmaceutical business from Gujarat, signed the largest MoU, which was for Rs 25,000 crore. Along with this, Amul India signed an MoU of Rs 900 crores to set up a new milk plant in Baghpat district of Uttar Pradesh. Whereas, 9 MoUs were of Rs 1,000 crore or more. A total of 22 MoUs amounting to Rs 38,000 crores were signed.

Investment proposals received in these sectors

Investments were received in sectors including Milk Processing Units, Dairy Farm, Research and Development Lab, Training of Herdsman, Renewable Energy, Solar City, Pharma Park, Green Hydrogen, Infrastructure, Textile, Manufacturing, Pharmaceutical, Medical Device Park, Drugs, Healthcare Products, Hotel Industry, Tourism, Chemical sector, Food and Beverage industry, Sports industry, Waste management solution, Multi-specialty hospital, Hydro power plant, Petrochemical industry, Data Centre, Logistics and Warehousing, among others

List of Investors

     Investor                MoU (Cr)          Employment
Torrent Pharma         25000           7900
Arvind Mills Limited   100              2000
Zydus Lifescience           1100             2000
Platinum Tie-Up Pvt. Ltd. 300     400
Hirise Hospitality                     1000             500
TransStadia Enterprise               500              700
Vadilal                                         300              600 
Shalby Ltd.     200          500
McLake Technical    2000   7600
Azul Denimkart LLP   25          1500
Balaji Foods Pvt. Ltd.        500          1200
FTA HSRP Solutions Pvt. Ltd.        75   500
Hester Biosciences Ltd.         35   200
Amul India      900   4400