Business Standard

Multi-country roadshows get investment intents worth Rs 7.12 trn for UP

The Uttar Pradesh government has already pulled in investment intents worth Rs 7.12 trillion through the multi-country roadshows held between December 9 and December 19

Even as billions of dollars diverts toward firms scoring higher on environmental, the funding costs for bad actors has hardly budged

IANS Lucknow

The Uttar Pradesh government has already pulled in investment intents worth Rs 7.12 lakh crore through the multi-country roadshows held between December 9 and December 19.

This is against the target of attracting investment worth Rs 10 lakh crore through the Global Investors Summit 2023, scheduled to be held in February.

According to the government spokesman, nearly half of the total investment proposals worth Rs 4 lakh crore were received from the UK and US alone.

Stating that this was the first time after Independence that teams from Uttar Pradesh went on a global tour with the aim to invite investors from all over the world, the chief minister has expressed satisfaction over the efforts made so far but told the respective teams to "pursue the 'intents' into 'investment' with follow-up action and perseverance so that 'Brand UP' may be fortified further".

 

"For the ease of operation, the officials concerned must form country-specific dedicated teams to follow up with the willing investors," he stated.

Senior UP ministers, who led the GIS roadshows abroad, apprised Yogi Adityanath about their experience of interacting with the potential investors.

Some ministers have also given their inputs for strengthening Brand UP.

--IANS

amita/dpb

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 23 2022 | 10:24 AM IST

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