Yogi says Uttar Pradesh received investment proposals worth ₹50,000 crore

Uttar Pradesh received investment proposals worth ₹ 50,000 crore from more than 15 companies during a series of industry meets chaired by Chief Minister Yogi Adityanath in Bengaluru, a government press release claimed.

Speaking after the meetings, Mr. Adityanath said that the atmosphere of stability and security provided by the “twin-engine government” in the last nine years has enabled Uttar Pradesh to emerge from the ‘Bimaru’ (sick) category to become a revenue surplus State.

Mr. Adityanath spoke after an industry tour and investment scouting meetings in Bengaluru with several companies, including Google. He said that his State is making strong progress in inviting foreign investment partners into different sectors as it grows.

Making a pitch to the investors community on behalf of his State, Mr. Adityanath said that with sector-specific policies, Uttar Pradesh has created policy support for every sector and has also developed a comprehensive land bank of 75,000 acres. He said the state has land at 27 locations to develop industrial and logistics clusters and also has the country’s largest highway: the Ganga Expressway.

According to Mr. Adityanath, the State has five international airports and 11 domestic airports, two IITs, one IIM in Lucknow, five agricultural universities, 89 Krishi Vigyan Kendras (KVKs) and three technical universities. The state’s agricultural growth is currently 18% compared to 8% previously. It also has 33,000 major factories and industries, compared to 14,000 previously.

Mr. Adityanath had a meeting with Google Cloud CTO Tarun Pant and participated in the Growth Dialogue with the Google team. Discussions were held on AI and technology-based solutions for farmers, youth, start-ups, MSMEs and ordinary citizens. The Prime Minister said Google expressed its commitment to advancing development goals in partnership with his government.

He also spoke with the Google team about how to increase the reach and effectiveness of government services through technology.

Other business leaders he met in the city included Westbridge Capital Managing Partner Sandeep Singhal, Accel Partners’ Prashant Prakash, InMobi founder Piyush Shah, Yulu founder Amit Gupta, NVIDIA South Asia General Manager Vishal Dhupar, SarvamAI representatives and senior officials from Blackstone.