The Uttar Pradesh government has signed Memorandums of Understandings (MoUs) with six UAE-based companies worth Rs 18,590 crore, according to the statement released by the state government. The MoUs will help in creating more than 20,000 employment opportunities.
Astha Green Energy Venture and Shree Siddharth Infratech and Services will invest Rs. 4,480 and Rs. 8,000 crore, respectively, in the renewable energy sector, and create 2,560 and 4,800 new jobs. Sharaf Group and Hindustan Port will invest in the Logistics Park sector. Their investments will be Rs. 1,300 crore and Rs. 210 crore, respectively, and generate 1,500 and 1,000 jobs, the statement added. Lulu Group will invest Rs 4,500 crore in retail and food processing sectors, creating 10,000 jobs, while Sobha Realty will invest Rs 100 crore in education and CSR and create 250 jobs.
The UP Government has received investment proposals worth over Rs 7.12 lakh crore ahead of the Global Investors Summit (GIS) scheduled in Lucknow in February. Ahead of the GIS 2023, eight teams of the Uttar Pradesh government visited 16 countries, receiving investment proposals totalling more than Rs 7.12 lakh crore. The largest share of investment proposals worth Rs. 4 lakh crore has been received from the UK and the USA.
