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Foreign investors keen to invest in UP, says Minister

Foreign investors keen to invest in UP, says Minister

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Industry Minister Satish Mahana said that many foreign investors had expressed their willingness to invest in various projects of Uttar Pradesh as they believed that the face of the state had changed after improvement in infrastructure.

Mahana was speaking to a select group of reporters on Thursday after his return from Singapore where he attended the Invest North-2018 organised by the CII.

“We showcased the potential of the state in real estate, aerospace, defence, renewable energy, health and pharma, and tourism sectors. We also highlighted the sops being given by the state government to investors, that have turned UP into the most favoured destinations of the industrialists,” Mahana said.

Mahana was accompanied with Chief Secretary Anup Chandra Pandey. Both of them attended the conclave in Singapore on September 3 and 4 and invited investors to invest in the state.

“We talked about the Investors’ Summit organised by the Government and how within months, foundation stones of projects worth Rs 60,000 crore were laid,” he said, adding that the investors appreciated the speed with which the Government had acted.

The Industry Minister said that many investors, like managing director of Yash Group Ved Krishna, narrated their experiences which confirmed that the present political dispensation in Uttar Pradesh was pro-investor.

The minister also mentioned the names of Jakson group chairman Sameer Gupta and Lohia Group chairman Raj Kumar Lohia for appreciating the UP Government from the dais for its efforts to attract investments. Mahana said that in 2016, Singapore exported items worth Rs 900 crore to India and now it could further boost trade ties by making investments in UP.

Source: dailypioneer
Anand Gupta Editor - EQ Int'l Media Network

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