The UP Government organised the Lucknow Roadshow on Wednesday as part of its mission to develop the State into a $1 trillion economy by holding the Global Investors Summit from 10 to 12 February in the Capital City.
Leading industrialists from the country and abroad, took part in the roadshow while 79 of them signed Memorandums of Understanding (MoU) worth Rs 76,000 crore with the State Government.
State Industrial Development Department Minister, Nand Gopal Gupta Nandi addressed the eminent industrialists in the programme and discussed with the entrepreneurs, the changes that have taken place in the State during the last 5 years. He further focussed the investment-friendly policies of the Yogi Government.
The investors, who came to participate in the event appreciated the winds of change in the State.
During the road show, Executive Director and Chief Operating Officer of the Varun Beverages, Kamlesh Jain, said: “We have 7 plants in UP. The environment of UP is better than anywhere. We set up a plant in Gorakhpur. The allotment letter for the land arrived within two and a half months. The Uttar Pradesh Government is doing great work. We will invest Rs 3400 crore in Uttar Pradesh.
Haldiram Group’s Manager for Commerce, Sanjay Singhania said that after coming to UP, he saw good governance, good policy and good law and order. “We started with one factory, today it has grown to five. We are signing three MoUs. For the first time, we have got such an atmosphere, which we cannot compare with anywhere else.”
Thanking the Government, he said that it supported the entrepreneurs like him at every step.
President of the Crystal Crop Protection Limited, Nand Kishore Agarwal said that today there is a skilled resource in UP. He said, “keeping this in mind, we will invest Rs 200 to Rs 300 crore here. After Nagpur, Jammu, Haryana, now we will set up plants in UP. For the first time after the Independence, such a Government has come in Uttar Pradesh, which is taking the lead and inviting the investors. Earlier, leaders used to take money. Today, they give to set up industry here. Now, there is no problem in UP.”
Mahesh Gupta, President of the Kent RO System, said that the Uttar Pradesh Government is doing very good work. Due to better law and order, today all the industrialists are willing to set up industries in the state. Since 2017, there has been a lot of change in the policy of Uttar Pradesh. This is the reason that now investors are turning towards Uttar Pradesh.
Michael Tibolo, Minister of Mental Health and Addiction, the Government of Ontario, Canada, said, “I am impressed to hear about the work being done in Uttar Pradesh as our country is also engaged in such innovations. Looking for ways to reduce taxes and providing better infrastructure to develop the market are very positive efforts in this regard.”
Six investors from different States of the country have made proposals for big investments in the Lucknow roadshow. These investors include the City Gold Corporation, Rs 26000 crore, Nexon Energia- Rs 15000 crore, Varun Beverages- Rs 3400 crore, Haldiram- Rs 1310 crore, Dharampal Satyapal- Rs 900 crore, Kent RO System- Rs 500 Crore.6
