Noida attracts investment worth 5.86 lakh crore ahead of UP's investors summit

Noida attracts investment worth 5.86 lakh crore ahead of UP’s investors summit

Gautam Buddh Nagar, which includes industrial cities of Noida and Greater Noida, has received investment proposals worth 5.86 lakh crore since the announcement of Uttar Pradesh Global Investors Summit in November 2022, according to district officials.

The UP Global Investors Summit is scheduled from February 10 in Lucknow and the state government, led by Chief Minister Yogi Adityanath, has set a target of 17 lakh crore investments through the ambitious drive.

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In the run-up to the GIS, Adityanath had also instructed state officials to hold investment summits at district-level in each of the 75 districts of the state, while road shows are being held in other states and foreign countries as well to attract investments.

“The district-level investor summit in Gautam Buddh Nagar was held on January 20 during which investment proposals worth 11,502 crore from around 250 investors were received,” Deputy Commissioner (Industries) Gautam Buddh Nagar Anil Kumar said.

“So far in Gautam Buddh Nagar, investment intents worth 5.86 lakh crore have been received from 871 investors. These investments will create 18.46 lakh jobs. Of these 871 investors, 792 investors have signed MoUs (memorandum of understanding) worth 3.78 lakh crore. These investment intents have come since November 21, 2022,” Kumar told PTI.

The deputy commissioner said the investment proposals have been received in various fields such as agriculture, cooperative, dairy development, civil aviation, information, renewable energy, medical education, MSME, export promotion, food and civil supplies, handloom, textile, IT and electronics, housing, infrastructure, and tourism.

Gautam Buddh Nagar adjoining Delhi in western Uttar Pradesh has often been dubbed as the financial capital of the state and it is show window to the world, owing to the presence of a large number of factories, industries and private firms.