5 major sectors forms epicenter of GIS-23 investments spree in U.P.

Lucknow: According to the Uttar Pradesh government, international tourists have expressed a strong desire to invest in five of the state’s 25 industrial sectors ahead of the Uttar Pradesh Global Investors’ Summit (GIS)-2023.

Apart from Film City, the five sectors include data centre, logistics park, renewable energy, fashion and textile, according to a press statement.

In the run-up to the UPGIS-2023, which will be held in Lucknow from February 10 to 12, Chief Minister Yogi Adityanath dispatched eight teams overseas to perform international roadshows in 21 locations across 16 nations to solicit investment.

According to a state government spokeswoman, 108 memorandums of understanding (MoUs) worth Rs 7.12 lakh crore were signed there.

When executed, the investment ideas are estimated to create 7 lakh jobs in the state.

A data hub investment of more than Rs 17,000 crore has been envisaged, making the industry the preferred option of investors.

The logistics park was the second priority. According to the spokesman, the Yogi government’s measures have resulted in the establishment of the first data centre in Greater Noida.

Global State Capital Pvt Ltd expressed interest in spending Rs. 8,260 crore to develop a data centre in the state during roadshows in Singapore and Australia, while Star Consortium Private Limited drew up a plan for an investment of Rs 1,000 crore.

Sify International offered an investment of Rs 8,300 crore during roadshows in the UK and the US.Investment bids of Rs 16,810 crore have been inked in the logistics park industry. These included nearly Rs 8,200 crore in investment offers received in Canada and the United States, as well as requests for Rs 1,000 crore in logistics services obtained at roadshows in Singapore and Australia.

Aastha Green Energy Ventures Private Limited suggested an investment of Rs 4,480 crore during the roadshow in the UAE, whereas Shree Siddharth Infratech and Services announced an action plan to spend Rs 8,000 crore.Boson Energy SA has proposed a Rs 1,000 crore investment in road shows in Germany, Belgium, and Sweden.

Geothermal Core Inc proposed spending Rs 820 crore to build a renewable energy facility.

Apparel and textile are the fourth priority sector.Japan India Industry Promotion Association inked a Rs 2,500 crore MoU in Japan, while Nisenken Quality Evaluation Centre signed a Rs 10,000 crore MoU in South Korea. In this sector, an investment of Rs 12,500 crore has therefore been planned. The film industry has risen to fifth place after International Group AB opted to spend Rs 10,000 crore in the state’s Film City during roadshows in Germany, Belgium, and Sweden.