Lucknow. The Yogi Adityanath government, which is trying to make Uttar Pradesh a one trillion dollar (about Rs 82 lakh crore) economy and create lakhs of employment opportunities, is taking a step forward in this direction every day. In the first roadshow held in Delhi regarding the UP Global Investors Summit 2023, various countries have given enthusiastic response regarding industrial partnership.
Along with this, the way for new investment of Rs 1.5 lakh crore has also been paved in the state. As many as 190 companies have expressed their willingness to invest in 20 different sectors in UP, with this about six lakh employment opportunities will be created. The figures of new investment and employment so far are clearly telling that if the government achieves the target of investment of ten lakh crore rupees, employment avenues for about 40 lakh people will also be opened.
According to the officials of Ivest UP, talks are on with these industry groups and agreements are being signed. Till now about 34 industry groups have also signed MoU (Memorandum of Understanding) with the government. Apart from this, there are 251 groups from which the government has received positive feedback. The State Government is now in the process of bringing these companies to the negotiating table.
Explain that through the Global Investors Summit 2023, the Yogi government has set a target of attracting investment of Rs 10 lakh crore. The state government team engaged in achieving this goal is in direct contact with industries and business groups. According to the latest Invest UP report, the maximum interest of investors is being seen in IT industry, private industrial park, infrastructure and industrial development, alcoholic beverages, textile and real estate.
These 20 sectors should become the choice of investors
Animal Husbandry, Sugarcane Industry, Renewable Energy, Maintenance, Repair & Operation (MRO) in Civil Aviation, Alcoholic Beverage, Film & Media, Wood Industry, Textile, College & University, Food Processing, Real Estate, IT Services, Private Industrial Park, Hospital, Small Scale Manufacturing and Export Promotion, Infrastructure and Industrial Development, Theme Park, Waste to Energy, Expressway and Pharmaceuticals.
Highest employment generation estimate in industrial park
According to the estimated employment generation blueprint prepared by the team of Ivest UP, maximum number of jobs will be created in private industrial parks. It is estimated that 3,93,217 opportunities will be created through the Private Industrial Park. Apart from this, 55,005 jobs will be generated in the theme park of tourism department, 52,113 in textile industry, 41,010 in IT services, 11,770 in infrastructure and industrial development. At the same time, there are good possibilities of employment generation in the field of small scale industries and export promotion, real estate, food processing and hospital. According to a report, about six lakh new opportunities will be created with the recent investment.
Partner countries eager to partner with UP
There have also been encouraging responses from ambassadors, high commissioners and counselors around the world regarding the UP Global Investors Summit-2023. Canada’s Consul and Commerce and Senior Trade Commissioner Annabel Lorche, Singapore’s High Commissioner Simon Wang, Israel’s Ambassador Naor Galon, France’s Legal Advisor Nitin Ramakrishnan, United Kingdom’s High Commissioner Alex Ellis, United Kingdom’s High Commissioner JK Ramaswamy, South Korea’s Consul Misim Qum, UAE Head Economy Fahad Al Bashir, Thailand Ambassador Patret Hongthang, Japan Consul Tsuchiya, Denmark Deputy Head of Mission Martin Stränckgaard, Argentina Head Economy Franco Agustin, Indonesia Ambassador IH Krishnamurthy, Maldives High Commissioner Nguyen Thanh, Malaysia Secretary of Economy Affairs Ibrahim Helmi Abdullah, Taiwan’s Economic Division Director Chen Yu Xi, Russia’s Deputy Trade Commissioner Evgeny Greva and Philippines Mission Officer Mark Antonio P. Dijon have shown keen interest in the UP Investors Summit-2023. Officials from all countries are very keen on strong industrial partnership with Uttar Pradesh.
Rs 10 lakh crore investment target
Infrastructure and Industrial Development Commissioner Arvind Kumar said that the positive attitude of the investors of the country and abroad is being seen towards the UP Global Investors Summit 2023, which is going to be held with an investment target of Rs 10 lakh crore. Along with big investment, the government’s effort is also to provide maximum employment opportunities through this summit. So far, there is talk of creating about six lakh jobs in the proposals for investment of about Rs 1.50 lakh crore. It is natural that with the increase in investment, employment opportunities will also increase further.