UP Government to launch 14,000 projects worth Rs 10 trillion

The project is expected to create 33.50 lakh employment opportunities. The Groundbreaking Ceremony 4.0 will unveil Rs 10 lakh crore memorandums of understanding [MoUs] covering 14000 projects in the presence of Prime Minister Narendra Modi in Lucknow. The project investment is expected to be five times greater than the cumulative investment of over Rs 2.10 lakh crore implemented in the previous three ceremonies. According to the state government over 52 percent of these projects will be launched in western UP known to be as Paschimanchal region.

Around 29 percent of the MoUs will be implemented in the Purvanchal region, comprising eastern parts of the state. Additionally, 14 percent MoUs will be implemented in Madhyanchal, and 5 percent in Bundelkhand. The agreements were signed in the previous year's UP Global Investor Summit 2023.

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An additional investment of 19.24% is in the housing sector, meanwhile, 15% investment is in the renewable energy sector, 13% in Manufacturing, 10% in IT and IT-enabled services, 7.83% in logistics and warehousing, 7.5% in energy, 6.01% in food processing and 5.27% in electronics manufacturing.

 

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The Uttar Pradesh Global Investor Summit will be organized in Lucknow on 19th February. Around 3000 people, including eminent industrialists, foreign investors, ambassadors, high commissioners, and other reputed investors will attend the meet.

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