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Tuesday, November 30, 2021

UP ready to provide resources, facilities and security to investors, offers of more than 500 crores from foreign investors

The Uttar Pradesh government says that it is ready to provide resources, facilities and security to those investing in the state. Foreign investors can conduct business effectively without fear in the state. These things were said by Uttar Pradesh Industrial Development Minister Satish Mahana in a global webinar of PIO Chamber of Commerce, a prestigious institution of overseas Indians on Monday night. He was addressing investors from Canada, USA, UK, Europe, Africa, Singapore and Australia.

He said that India’s respect in the world has increased due to Prime Minister Narendra Modi. Due to this, foreign investors are also getting attracted to business in Uttar Pradesh. He further said that the state government is ready to give resources, facilities and security to the investors. Under the transparent policies of the Yogi government, they can do business in Uttar Pradesh without fearlessness.

Giving the example of Samsung company, Minister Mahana said that we got the work done in record time after seeing all the necessary permissions, due to which the Noida-based Samsung factory is the largest factory to make mobiles in the world. 50 million mobile phones are produced in this factory every month. The PIO Chamber of Commerce is present in more than 150 countries.

500 million investment proposals received

Industry Minister Mahana also received several proposals for investment in Uttar Pradesh in the Global Webinar of PIO Chamber of Commerce. Paul Johnson, the Indian-origin CEO of the prestigious Singapore Indian Chamber of Commerce, founded 96 years ago, showed interest in investing in the food editions sector of Uttar Pradesh.

Amit More, president of the Indian Association of South Africa, said that there are about 1.5 million people of Indian origin in South Africa, of which 60 percent are Tamil and the rest are Telugu, Hindi and Gujarati speakers. Out of these, 50 thousand people come to India every year. Naturally, everyone has a deep affinity with India’s cultural capital, Varanasi. On the lines of Holiday Resort abroad, he proposed to build a Spiritual Holiday Home in Varanasi. He said that if the Uttar Pradesh government cooperates, then the rich diaspora of South Africa can easily invest more than 250 crores in Varanasi in the first phase itself.

Investment proposals for education, technology as well

Vancouver Canada’s chartered accountant Vijay Gupta proposed to invest in education in Banda district of Uttar Pradesh. Sejal Kothari and Julie Desai of Europe proposed to build a technology hub in Uttar Pradesh. Only Boda Singh, the largest African farmer of Indian origin, showed interest in investing in agriculture in Uttar Pradesh.

PIO Chamber of Commerce Uttar Pradesh Convenor Manish Khemka, while inviting overseas Indians to invest in Uttar Pradesh, said that the Yogi government had signed MoUs worth more than four lakh crore rupees. Out of this, work has already started on investment proposals of nearly two lakh crore rupees. Uttar Pradesh’s excellent performance in the Yogi government’s zero tolerance policy and the Ease of Doing Business ranking against criminals is the main reason for this. Our rich overseas Indians can take advantage of these favorable conditions to develop not only themselves but also the country.

These people are present

In the webinar, Canada-based British Columbia India Network Chairman Vivek Savakur, Senior Vice President of Invest-related Central Government Invest India Siddharth Anand along with Noida Authority Chairman Alok Tandon, Additional Chief Secretary, Department of Industrial Development, Alok Kumar and PIO Chamber’s officials Many prominent overseas Indians including Manish Khemka, Anoop Gupta, Munish Gupta and Abhay Aggarwal were present.

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