MSMEs seem to be the sunshine sector ahead of Global Investor Summit

Lucknow: Before the Global Investors Summit, investment proposals worth more than Rs 82 thousand crore have been received so far in the Micro, Small and Medium Enterprises (MSME) sector.

Out of these, the government has also signed Memorandum of Understanding (MoU) for projects worth Rs 70 thousand crore. With their implementation, more than 15 lakh jobs will be arranged directly and indirectly in UP.

The special thing is that out of more than 7 thousand MoUs signed so far before the summit, more than 5 thousand MoUs have been signed by the MSME and Export Promotion Department.

Several proposals are under discussion

As per the information received, efforts are being made by the MSME department to bring more than 300 investment proposals to MoU. In this, the proposal of more than 7 thousand crores can be converted into MoU soon. Investors conferences are being organized by the department in all 75 districts.

15 percent MoU between 25 to 50 crores

According to the data received till January 10, among the MoUs received by the state government under MSME, 15 percent of the MoUs are such whose total cost is between 25 crores to 50 crores. On the other hand, 13 percent of the MoUs are such, whose total cost is between 10 crores to 25 crores. 30 percent of the MoUs are between 5 crore to 10 crore, while the maximum 42 percent of the MoUs cost less than 5 crore. The department has received investment proposals and MoUs from all the 75 districts. Maximum MoUs worth Rs 10,000 crore have been signed with Ghaziabad district.

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