Adani Group says will invest Rs 35000 crore in Uttar Pradesh


"Uttar Pradesh has vast potential of growth.This summit will pave way for greater investments into the state and facilitate development", the minister said.

Earlier in the day, Prime Minister Narendra Modi inaugurated the two-day "UP Investors Summit"-the first such event by the Yogi Adityanath government". Uttar Pradesh government wants to pull out at all stops to make the investors summit a grand success. President Ram Nath Kovind will attend the valedictory function on Thursday. He also added that the investors are now showing confidence in investing.

"ITC�??s agro-forestry model in Uttar Pradesh aims to provide food, fodder and wood security and de-risk farmers through alternative sources of remuneration, while contributing to carbon sequestration and soil conservation", Puri said.

Advising the state government to set up a yarn depot, Irani said it would "directly benefit the industrialists here and they will be able to manufacture competitive products".

The Prime Minister said the Adityanath government had pushed the state from negativity towards positivity and rekindled hope among the people.

"Uttar Pradesh has values and virtues, but it also needs value addition in all spheres".

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The Aditya Birla Group today said it will invest Rs 25,000 crore in Uttar Pradesh over the next 5 years.

According to the Central Statistics Office data, the size of the Maharashtra and Uttar Pradesh economies was $308 billion and $172 billion, respectively, in 2015-16.

Prime Minister Narendra Modi hailed UP as a state where each district is home to an industry. Other top industrialists like Gautam Adani, Anand Mahindra, Subhash Chandra, N. Chandrasekaran, Kumar Mangalam Birla and Shobana Kamineni will also speak during different sessions.

Chief Minister Yogi Adityanath has rolled out the red carpet to welcome the PM, his Cabinet colleagues, the President and business heads from India and overseas.

The focus of the summit will be on the key sectors like farming, dairy, information technology, civil aviation, tourism, electronics, MSME, and renewable energy that will get investment, apart from that sectors like logistics, textiles and garments will also get investment.