GIS-23: City of Nawabs gets investment proposals worth Rs 56K crore

Lucknow: The one-day Lucknow Investors Conference at IGP on Tuesday brought investment proposals worth Rs 56,000 crores ahead of the Global Investors Summit-23. The conference was organized by the District Administration and IIA Lucknow Chapter.

The conference was divided into four sessions, during which the District Magistrate, LDA VC, and CDO provided information on the new investment policies of the government as well as the Yogi government’s guidelines for resolving issues faced by industry owners.

Chief Guest Deputy Chief Minister Brajesh Pathak, Special Guest Union Minister Kaushal Kishore, and Minister of State Jitin Prasad remained present during the event. A total of 262 MoUs worth Rs 56,299 crore were signed during the conference from 331 investment proposals that were submitted online.

Shalimar will invest Rs 2,000 crores

According to District Magistrate Suryapal Gangwar, at the conference, MoUs worth a total of Rs. 2032 crore were signed with Shalimar Corporation Ltd., Rs. 1500 crore with Omaxe Ltd., Rs. 1400 crore with Amravati Residency Ltd., Rs. 903 crore with Rishita Developers Pvt. Ltd., Rs. 226 crore with Sapphire Infraventure Pvt. Ltd., Rs. 300 crore with Aerolay Technology Ltd and 45 crores by LabCam PathLab.

He added that according to information available online at the Nivesh Sarathi portal, 331 intents have been submitted thus far, and 262 Memorandums of Understanding totaling Rs 56,299 crore have been inked.

At the same time, during the conference, the government’s new policies were explained in detail in technical sessions including: manufacturing, textile, MSME and Industrial Investment; Agriculture, Dairy and Food Processing and Bio-energy; Housing, Infrastructure and Logistics;  and Tourism. Along with this, various departments also set up stalls to help the entrepreneurs.

Suryapal Gangwar, District Magistrate, Lucknow, said : “Under the Chief Minister’s instruction, an investor conference for local investors was held at IGP today. Many entrepreneurs attended, and MoUs worth Rs 50,000 crore were inked. Through various sessions in the conference, the entrepreneurs were informed about the policies of the Yogi government. Now in the next phase, efforts will be started to put these MoUs on the ground. I assure the entrepreneur brothers on behalf of the government that the district administration is with them. They will have no problem doing business here. Their every need will be met in time.  The conference’s efforts will undoubtedly help the state flourish, and the capital Lucknow will play an important role in this growth.”

Ravindra Singh, Director, Morassi Pharmaceuticals Pvt.Ltd., said: “The Government of Uttar Pradesh’s decision to host the Global Investors Summit in the interests of the industry is very commendable and will accelerate development. The facilities provided by the government for passing the map before the start of work in any industry, related to land utilization, simplifying the license process through a single window system and approving subsidy during the setting up of the industry, are very encouraging for the industries and the industrial sector of the state. It is going to accelerate development and is a step towards moving towards a $1 trillion economy.”

Rahul, Owner, Satyam Foods, said: “Investors are very excited to come to the state due to the new policies of the Yogi government for various sectors to promote industry in the state. In these policies, a lot of concessions have been given to the entrepreneurs as compared to earlier. At the same time, this government is paying more attention to us than the previous governments. Along with this, more focus is being given on solving the problems of entrepreneurs online, due to which both our time and energy is being saved. For this, I thank the Chief Minister very much.”

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