Uttar Pradesh road shows pull $85 billion worth of investment intents

The Uttar Pradesh government has claimed that it has pulled in investment intents worth ₹7.12 lakh crore or $85 billion through the multi-country roadshows held between December 9 and December 19.

This is against the target of attracting investment worth ₹10 lakh crore or $120 billion through the Global Investors Summit 2023, scheduled to be held in February.

According to the government spokesman, nearly half of the total investment proposals worth ₹4 lakh crore or $48 billion were received from the US and the UK.

Stating that this was the first time after Independence that teams from Uttar Pradesh went on a global tour with the aim to invite investors from all over the world, the chief minister has expressed satisfaction over the efforts made so far but told the respective teams to “pursue the ‘intents’ into ‘investment’ with follow-up action and perseverance so that ‘Brand UP’ may be fortified further”.

“For the ease of operation, the officials concerned must form country-specific dedicated teams to follow up with the willing investors,” he stated.

Senior UP ministers, who led the GIS roadshows abroad, apprised Yogi Adityanath about their experience of interacting with the potential investors.

Uttar Pradesh Global Investors Summit (UPGIS) 2023 scheduled from 10-12 February 2023 at Lucknow, is the flagship Investment Summit of the Government of Uttar Pradesh. The 3-day long Investors Summit will bring together policy makers, corporate leaders, business delegations, academia, think-tanks and Political and Government leadership from across the globe, to collectively explore business opportunities and forge partnerships.

Related posts