Global Investor Summit: UP received Rs 33.5 lakh crores of investment

February 13, 2023

PM Modi recently inaugurated the Global Investor Summit in Lucknow. It was a three-day-long summit. Invest UP 2.0 was launched during the summit. Also, Global Trade Show was conducted. More than 18,605 Memorandum of Understanding were signed during the summit. The state received Rs 33.5 lakh crores of investment. These investments are to create 92.5 lakh employees in the state. The investments are primarily in real estate, renewable energy, education, housing, electronic vehicle manufacturing, food processing, and renewable energy.

UK investments in UP

During the summit, it was decided that the UK will invest in aerospace, defence, and in medical sectors.

How did UP attract good investments?

The state of UP has been launching several investment attractive policies. Also, it has been promoting investments in data centres, aerospace, electrical vehicles, tourism, warehousing, etc. the state launched a medical device park. Several logistics hubs are being developed in the Yamuna Expressway. A MEgal food park planned in Bareiily, a Plastic park planned in Gorakhpur, and several other similar initiatives is increasing the investments in the state.

President Murmu concluded the summit.

Region-wise investments received

The west of the state has the maximum investments. Around 45% of the investments received were on this side. District-wise, Noida received the maximum investments followed by Agra.

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