The Uttar Pradesh government has claimed that fresh investment of nearly Rs 17,000 crore had been in different industrial projects for which the state had earlier signed memorandum of understanding (MoU) with private companies.
Out of 150 MoUs mapped to the UP industrial development department, 18 MoUs worth Rs 4,100 crore started commercial operations, while another 31 MoUs worth Rs 12,860 crore had initiated project implementation, totalling Rs 16,960 crore in net investment inflow so far.
In June 2020, UP chief secretary R K Tiwari had issued a government order for creating an online MoU review mechanism, which included the