Yogi says Uttar Pradesh received investment proposals worth ₹50,000 crore

Uttar Pradesh has received investment proposals worth over ₹50,000 crore from over 15 companies during a series of industry meetings in Bengaluru chaired by the State’s Chief Minister Yogi Adityanath, claimed a media release from the government

Speaking after the meetings, Mr. Adityanath said the atmosphere of stability and safety provided by the “double-engine government” over the past nine years has enabled Uttar Pradesh to emerge from the ‘Bimaru’ (ailing) category to a revenue-surplus State.

Mr. Adityanath spoke after an industry roadshow and investment exploratory meetings with several companies including Google in Bengaluru. He said his State was moving forward strongly to invite external investment partners into diverse sectors as it has been growing, he claimed.

Making a pitch for his State to the investors’ community, Mr. Adityanath said with sector-specific policies, Uttar Pradesh has created policy support for each business vertical and also developed a comprehensive land bank of 75,000 acres. He said the State has land in 27 locations for developing industrial and logistics clusters and it also has the country’s largest expressway: the Ganga Expressway.

According to Mr. Adityanath, the State has five international airports and 11 domestic airports, two IITs, one IIM in Lucknow, five agriculture universities, 89 Krishi Vigyan Kendras (KVKs) and three technical universities. The State’s agricultural growth is currently 18% compared to 8% earlier. It also has 33,000 large factories and industries, compared to 14,000 earlier.

Mr. Adityanath held a meeting with Google Cloud CTO Tarun Pant and participated in a Growth Dialogue with Google team. Discussions were on AI and technology-based solutions for farmers, youth, start-ups, MSMEs and common citizens. Google expressed commitment to advancing development goals in partnership with his government, said the Chief Minister.

He also deliberated with Google’s team on how the reach and effectiveness of government services could be enhanced through technology.

Other business leaders he met in the city included Westbridge Capital Managing Partner Sandeep Singhal, Accel Partners’ Prashant Prakash, InMobi founder Piyush Shah, Yulu founder Amit Gupta, NVIDIA South Asia Managing Director Vishal Dhupar, representatives of SarvamAI and senior officials of Blackstone.