GBC 4.0: Increase in number of investment proposals due to surge after UPGIS

The Uttar Pradesh government has responded to nearly 5,000 investment proposals. INR1.68 billion received over the Uttar Pradesh World Investor Summit 2023 (UPGIS-2023) will be held from February 19 to 21 at Indira Gandhi Pratistan (IGP) here Gathered for implementation in Equation 4.0.

More than 14,600 proposals will be implemented during the ceremony. Of these, around 5000 were not included in the Memorandum of Understanding (MoU) signed prior to UPGIS-2023.

Prime Minister Narendra Modi will perform bhoomi pujan for the implementation of the project at a ceremony in the presence of Chief Minister Yogi Adityanath, diplomats, leaders and industry representatives here on February 19. is.

State governments that have signed valuable memorandums of understanding. INR33.50 Crore investment prior to UPGIS-23 and now claims to have received investment proposals of substantial amount. INR4 million billion.Of these, the above investment proposals INRThe groundbreaking ceremony for 4.0 will introduce $10.23 billion.

State government officials said the rise in numbers is a sign of the growing confidence investors now have in Uttar Pradesh.

“Yes, we are continuously receiving investment proposals. Approximately 5,000 of these proposals to be implemented at the groundbreaking ceremony are not included in the memorandum of understanding signed prior to UPGIS-2023. The government received them after UPGIS-2023, which shows the growing confidence of investors in the state government. At the groundbreaking ceremony, nearly half of the proposals (in total number) and three minutes of investment proposals We will continue to strive to realize more investment proposals in the future,” said Manoj Kumar Singh, Infrastructure Industry Development Commissioner.

Six industrial development authorities, including Yamuna Expressway Industrial Development Authority (YEIDA), Greater NOIDA and NOIDA, are making significant investments. In addition to these, various departments of the state government are also making efforts to realize investment proposals. Breaking it down by sector, we see that there are around 300 proposals from the MSME and export promotion sector, with an investment of around $300. INR45,000 billion will be implemented in GBC 4.0. Approximately 60 investment projects in the IT/electronics sector INR62,000 crores are also running. At the same time, approximately 750 residential sector projects will receive an investment of approximately $750. INRA total of $570 billion is expected to be spent at the groundbreaking ceremony. 40 projects in the goods sector with significant investments of approx. INR750 billion will be disbursed at the groundbreaking ceremony.

According to a press release, 37 government ministries contributed to the groundbreaking ceremony, and 16 of them exceeded their respective targets. The basic education sector has achieved an impressive 888% of the set target, and the Uttar Pradesh Industrial Development Board is leading in terms of investment and projects. INR1.5 billion is planned to be introduced.Additionally, the additional energy sources sector is approximately INR1.42 billion. In addition to the Faculty of Basic Education, 15 other faculties have achieved their goals and achieved remarkable results. These include food and civil sector (226%), forestry sector (182%), AYUSH (173%), livestock (167%), energy (165%), secondary education (139%), technical education (133%) ), horticulture (120%), additional energy sources (114%), sugarcane development and sugar industry (112%), medical education (110%), health (105%), YEIDA (103%), civil aviation (100% ), GNIDA (100%). Together, these 16 departments will launch a total of 4,381 projects. INRThe investment amount is 4.5 billion.