UP Global Investor summit 2023: 18,643 MoUs worth Rs 32 lakh cr signed​

During the three-day summit, a total of 18,643 Memorandum of Understanding (MoUs) for investment intents, worth Rs 33.50 lakh crore, were signed by UP government.

​Gautam Budh Nagar (Noida) district got 27 per cent (Rs 7.85 lakh crore) of the total investment intents, Agra 8 per cent (Rs 2.1 lakh crore), Ghaziabad 3.66 per cent (Rs 1 lakh crore), and Aligarh 1.65 per cent (Rs 47,000 crore). Other districts that contributed to Purvanchal rising share were Sonbhadra, which got 2.57 per cent of the intents (Rs 74,000 crore), Mirzapur 2.21 per cent (Rs 64,000 crore), Prayagraj (Rs 53,000 crore), Ayodhya and Jaunpur about Rs 45,000 crore investment intents each.

​"Renewable energy” turned out to be an upcoming area attracting maximum investment intents, leaving behind “electronics manufacturing” – which has been always the top sector of investment in the state.

Renewable investment secured 12.41 per cent of the total intent amounting to Rs 3.58 lakh crore. Industrial Parks drew about 11.35 per cent, while Higher Education got 9 per cent (Rs 2.57 lakh crore). Manufacturing got close to Rs 2 lakh crore; and Logistics & Warehousing Rs 1.59 lakh crore. The real estate got proposals worth Rs 1.24 lakh crore (4.32 per cent of the total intents); IT-enabled services got Rs 1.12 lakh crore; and tourism Rs 98,000 crore.

, Chairman of Reliance Industries Limited, announced an investment of Rs 75,000 crore in UP in the coming four years. About one lakh new jobs are expected to be created by this investment.

Prime Minister Narendra Modi said if India is considered a 'bright spot' on the globe, Uttar Pradesh is playing a leadership role in driving India's growth, adding, "there has been improvement in every field in the state in 5-6 years from electricity to connectivity."