70% investment target received ahead of summit in Uttar Pradesh

Since UP is itself aiming to become a trillion-dollar economy, the global investors summit is expected to give a major fillip to the endeavour

Yogi Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath (ANI photo)
Virendra Singh Rawat
2 min read Last Updated : Jan 10 2023 | 1:00 AM IST
Ahead of the Uttar Pradesh global investors summit (GIS) next month, the state government has received investment proposals of Rs 1.2 trillion from domestic and international investors.

Against the GIS target of Rs 1.7 trillion fixed by Chief Minister Yogi Adityanath, the state has achieved 70 per cent of the proposed investment goal four weeks in advance for the big ticket event in Lucknow during February 10-12, 2023.

While global investment proposals worth Rs 7 trillion were netted during the roadshows in 16 countries, domestic investment proposals of about Rs 5 trillion were garnered when the CM visited Mumbai on January 5 to kick-start the domestic leg of roadshows.

“A galaxy of Indian industrialists and business leaders representing groups such as RIL, Tata Sons, Adani, Godrej, Birla, Piramal, Lodha, Vedanta, Parle, and Hinduja met the CM during his two-day Mumbai visit,” a senior UP government official said.

In his interaction with domestic industrialists, investors, bankers, entrepreneurs, the CM called upon them to invest in UP for realising the vision of Prime Minister Narendra Modi to make India a $5-trillion economy in the next few years.

Since UP is itself aiming to become a trillion-dollar economy, the GIS is expected to give a major fillip to the endeavour by hard-selling the landlocked state as an ideal investment destination with unlimited potential in key sectors.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Uttar PradeshInvestmentGlobal Investors Summit

Next Story