More than 80 large projects entailing investment of around Rs 52,000 crore are ready for ground breaking in Uttar Pradesh on the back of regular follow up of industrial proposals signed during the investors' summit in February, a top official said today.
The state had organised UP Investors Summit 2018 in February this year in which 1,045 memoranda of understanding (MoUs) worth Rs 4.28 lakh crore were signed.
"As a result of continuous communication with investors and pursuance of MoUs implementation status after the investors summit, the state is on the verge of ground breaking of investments of around Rs 52,000 crore in the first stage," Infrastructure and Industrial Development Commissioner (IIDC) Anoop Chandra Pandey said.
"Over 80 large projects are ready for ground breaking at state level, for which a formal ceremony will be held soon," he said during a meeting to review progress of MoUs yesterday evening
At the meeting, Industry Minister Satish Mahana said, "Unlike previous governments, when MoUs were signed and forgotten, now entrepreneurs firmly believe that under the Chief Minister Yogi Adityanath, our government is serious about industrialisation and has adopted a proactive approach to make UP the most preferred state for investment."
Disclaimer: No Business Standard Journalist was involved in creation of this content