The recently concluded UP Global Investors Summit saw a significant amount of investment proposals being directed towards renewable energy, electronics manufacturing and industrial parks. These sectors emerged as the top contenders in terms of the total value of investment being proposed.
The summit, which was a platform for investors to come together and discuss investment opportunities, witnessed a substantial interest in these areas, with a large number of proposals being submitted for these sectors.
This highlights the growing importance of these industries and the increasing demand for investment in these areas. The successful conclusion of the summit is a clear indication of the increasing investment interest in these sectors and the promising potential they hold for growth and development.
The UP Global Investors Summit was a huge success, attracting a total investment of ₹33.50 lakh crore through the signing of 19,058 Memorandums of Understanding (MoUs). The Chief Minister of Uttar Pradesh, Yogi Adityanath, highlighted the significant potential for job creation as a result of this investment, estimating that more than 93 lakh jobs could be generated.
He also assured investors of a safe and secure investment destination, emphasizing the commitment of the government to provide a favorable environment for business growth and development. This success at the summit further underlines the tremendous potential for investment in the region and the willingness of the government to support and encourage investment activity.
Renewable energy received the highest value of investment among various sectors, amounting to ₹4.47 lakh crore, which is 15.4% of the total investment proposals received. The second largest recipient of investment was electronics manufacturing with ₹3.58 lakh crore and industrial parks received ₹3.28 lakh crore. Manufacturing as a whole attracted the most number of proposals, with 7,711 proposals promising to bring in ₹1.97 lakh crore worth of investments.
When it comes to region-wise distribution of investment, West UP emerged as the major hub, attracting 45% of the total investment. Eastern UP received 29% of the investment, while central UP and Bundelkhand received 13% each. In terms of district-wise distribution, Noida was the most attractive, receiving 27% of the investment, followed by Agra at 7.5% and Lucknow at 6.79%.