Yogi Govt Signs Pacts Worth Rs 19,265 Crore With Firms In US, Canada Ahead Of UP Global Investors Summit

Yogi Govt Signs Pacts Worth Rs 19,265 Crore With Firms In US, Canada Ahead Of UP Global Investors Summit

by PTI - Jan 5, 2023 09:26 AM +05:30 IST
Yogi Govt Signs Pacts Worth Rs 19,265 Crore With Firms In US, Canada Ahead Of UP Global Investors SummitUP CM Yogi Adityanath (Pic Via Twitter)

Ahead of the Global Investors Summit, the Uttar Pradesh government has signed initial pacts worth Rs 19,265 crore with firms in the US and Canada.

A the team under the leadership of Assembly Speaker Satish Mahana and Animal Husbandry Minister Dharampal Singh showcased the state before investors in the US and Canada and held about 51 government-to-government (G2G) and business-to-business (B2B) meetings in the span of three days.

As many as 27 letters of intent worth more than Rs 41,000 crores were received, out of which eight proposals were converted into memorandum of understanding (MoU), a release said.

Of these MoUs, 4 strategic partnerships were signed. The MoUs on the remaining 19 proposals are expected to be signed before GIS-23, it added.

The maximum investment in the MoUs signed so far is going to be in the Logistics, Defence and Aerospace sectors.

Mobility Infrastructure Group will invest Rs 8,200 crore in this sector within the state. With this, about 100 employment opportunities will be generated in the state. At the same time, QSTC Inc will invest Rs 8,200 crore in defence and aerospace. This will create about 200 employment opportunities.

MoUs totalling Rs 2,055 crore were signed between the state government and health care sector companies.

Under this, My Health Center and ZMQ Companies will invest Rs 2,050 crore and Rs 5 crore respectively. This will create about 500 and 60 employment opportunities. On the other hand, Dezero Labs Inc company will invest Rs 10 crore in medical devices. This will create about 75 job opportunities.

MoUs were also signed during the visit for investment in consumer durables, hospitality and electronic manufacturing sectors.

Akuwa Technology will invest Rs 100 crore in these sectors, providing 25 jobs.

Opulence Management Corp will invest Rs 500 crore in the hospitality sector, creating as many as 300 employment opportunities whereas Virtubox has signed an MoU for investment in the electronic manufacturing sector. It will invest Rs 200 crore, creating about 150 job opportunities.

(This story has been published from a wire agency feed without any modifications to the text. Only the headline has been changed.)

Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Comments ↓
Get Swarajya in your inbox everyday. Subscribe here.

Latest Articles

    Artboard 4Created with Sketch.