Uttar Pradesh has been able to beat the recession blues quite well considering the fact that it registered a growth of over 130 per cent in actual investments in the state during 2009-10 vis-à-vis 2008-09.
Last year, UP attracted investment of about Rs 12,000 crore – which was highest in the last 3 years – compared to Rs 5,200 crore during 2008-09.
Collectively, UP has witnessed investment of over Rs 22,000 crore since 2007-08, which created over 7 lakh employment opportunities.
According to the state industry department, about 1.05 lakh industrial units were established in the last 3 years, of which 37,000 were set up during 2009-10 alone.
Investment during 2007-08 had stood at Rs 4,900, which clearly indicates that investments have been steadily growing and there was no apparent effect of global slowdown.
Meanwhile, 87 heavy industries had been established in the last fiscal, which entailed investment of Rs 7,000 crore compared to Rs 3,200 crore in 2005-06.
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The major investors in UP included, Indo Solar, Ambuja Cement, Haldiram, Motherson Sumi, Parle Agro, Jindal Pipes, Bindal Papers, Sincere Developers, Mathura Refinery, Chadha Sugar, Bajaj Hindusthan, Kribhco Shyam Fertilizers, Mirza International, New India Sugar Mills, Shanti Gopal Concast, Shyam Dairy and Rimjhim Ispat.
The Mayawati government is looking at an investment of about Rs 1,25,000 crore, which includes project in the public private partnership (PPP) mode. The PPP projects have either been launched or awaiting the nod in all the major sectors viz. power, sugar, transport, education, tourism, infrastructure, urban development and health.
The PPP projects include, Greater Noida-Ballia Ganga Expressway, Noida-Agra Yamuna Expressway, power plants in Allahabad, Fatehpur, Anpara and Lalitpur, proposed international airport at Kushinagar and setting up of super specialty hospitals in 7 towns.