A major setback for the state comes from the fact that 29 companies have committed to investing Rs 10,000 crore in Uttar Pradesh, including Nahar Group of Punjab, Trident Group, Spray Engineering, and Madhav KRG Pvt Ltd. In preparation for the UP Global Investors Summit in February, they have signed a Memorandum of Understanding (MoU).
A number of major companies have promised investment, including Nahar Group, which has signed two Memorandums of Understanding worth Rs 800 crore, Spray Engineering Devices (Rs 1,000 crore), Trident Group (Rs 800 crore), and Madhav KRG Pvt Ltd (Rs 700 crore). According to Arvind Kumar, Infrastructure and Industrial Development Commissioner, Uttar Pradesh, 29 MoUs worth Rs 10,000 crore have been signed, which will create jobs for around 22,000 people.
Almost 50 Punjabi industrialists met with Uttar Pradesh Chief Minister Yogi Adityanath again in December.
In recent years, Punjab industrialists have been meeting in their home state with the Uttar Pradesh Government, which has organized a road show in Chandigarh today to attract investment by offering incentives, handholding, and ease of doing business.
On Friday, a delegation from Uttar Pradesh, including three cabinet ministers – Industrial Development Minister Nand Gopal Gupta ‘Nandi’, Minister of State for Agriculture Baldev Singh Aulakh, and Minister of State (Independent Charge) Home Guard Dharamveer Prajapati — addressed industrialists at the eighth and last roadshow organised in Chandigarh.
“Uttar Pradesh is the largest consumer state in India,” said Nandi. A large number of young and skilled workers are available here. The state has emerged as the ‘New Uttar Pradesh of New India’ under the leadership of CM Adityanath.”
The development of expressways and airports has improved connectivity, according to Aulakh. As a result of the development of infrastructure and the availability of 24-hour power, Prajapati said UP is in a good investment climate today.
