UP receives investment proposals worth over Rs 1.68 lakh cr.

Progressing towards becoming the growth engine of India’s development, the state of Uttar Pradesh before the ‘Global Investors Summit-2023’ has received investment proposals worth more than Rs 1.68 lakh crore till November 30 through Nivesh Sarathi, a portal launched by the government.

The Yogi government has set a target of attracting an investment of Rs 10 lakh crore. Out of the investment proposals received, MoUs worth Rs 1.25 lakh crore have been signed which are expected to generate over 5.5 lakh employment opportunities in the state.

It is noteworthy that Chief Minister Yogi Adityanath has set a target of making Uttar Pradesh a $1 trillion economy in line with Prime Minister Narendra Modi's intention to make the country a $5 trillion economy. To fulfill this goal, the Global Investors Summit is being organized from 10th to 12th February in the state capital.

As per the Nivesh Sarathi dashboard, a total of 148 MoUs have been signed so far with investors through the portal. Through these 148 MoUs, the government has received proposals worth a total of Rs 1.25 lakh crore. The investment through these MoUs is likely to create 5,63,496 jobs in Uttar Pradesh. Apart from these MoUs, there are still 315 investment proposals through the portal which are currently in process.

Total of 472 intents received

Till November 30, a total of 472 intents have been received from the investors on the portal. The proposed investment of these is over Rs1,68,759. If all these intentions are converted into MoUs and investments, then it is possible to create 6,79,338 jobs.

To bring in more investment, the Nodal officers are also doing follow-ups with interested investors. Efforts are being made to sign maximum MoUs. Owing to the sustained efforts of the state government, even before its official launch, the state has received investment proposals worth more than Rs 1.25 lakh crore on this portal.

Along with Nivesh Sarathi, another portal Nivesh Mitra will also play an important role. This portal will facilitate the process of the incentives of the investors. For this, the government has launched Online Incentives Management System (OIMS) on the portal. Process, acceptance and payment of incentives will be done through this.