According to officials, around 16,478 projects worth Rs 12.10 lakh crore will be launched at the GBC.
File Photo: IANS
The Uttar Pradesh government will launch projects worth Rs 5 lakh crore in the next Ground Breaking Ceremony (GBC) to be held after Diwali.
According to officials, around 16,478 projects worth Rs 12.10 lakh crore will be launched at the GBC.
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The government has earmarked the total investment rollout of Rs 5 lakh crore in the GBC, but it may even reach up to Rs 10 lakh crore.
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UP Industrial Development Minister Nand Gopal Gupta Nandi announced Monday evening that the government will soon hold a GBC here. “We are prepared for the GBC to the tune of over Rs 5 lakh crore,” he confirmed, adding that the GBC could even touch Rs 10 lakh crore by the time the event is held.
He announced that international road shows will be held in China, Singapore, South Korea, UAE, Qatar, and Canada to ensure the event’s success. The minister stressed that every effort would be made to propel the state to a USD 1 trillion economy and provide all possible assistance to entrepreneurs. Around 8,363 projects worth Rs 4.33 lakh crore have already started commercial production, while 8,115 projects worth Rs 7.76 lakh crore are under implementation.
CEO of Invest UP Vijay Kiran Anand said 62 companies have been given Letters of Comfort (LOCs) where investments worth Rs 2 lakh crores would be made. “We have made a target to issue LOCs to 10 companies every month,” he added. He also said that the UP government was targeting companies that are shifting their industrial units from China.
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