Investment Plan of UP's CM Akhilesh Yadav
  • 5 years ago
Essel Group, Reliance Jio, Fortis and 17 others today signed initial pacts to invest over Rs 39,000 crore in Uttar Pradesh, with Chief Minister Akhilesh Yadav promising the investors all possible support.

At an Investors' Conclave here, Subhash Chandra-led Essel Group signed a Memorandum of Understanding to invest Rs 20,000 crore in areas like urban development and distribution of power; Mukesh Ambani's Reliance Jio pledged Rs 5,000 crore outlay for implementation of 4G network.
FMCG major ITCBSE 0.54 % plans to invest Rs 2,100 crore in various sectors; Fortis HealthcareBSE 1.60 % promised Rs 800 crore outlay for setting up three 250-bed hospitals each at Kanpur, Lucknow and Greater Noida.

Amity Group pledged Rs 2,000 crore investment for setting up an educational complex in Kanpur. UflexBSE 1.62 % promised Rs 4,000 crore for setting up a 300 MW solar park in Bundelkhand region.

Investment of Rs 2,200 crore was committed by JVL Agro IndustriesBSE -1.68 % in agro and food processing sectors. River Engineering plans to set up an air taxi base for Rs 350 crore. Sonalika plans Rs 200 crore investment for setting up a farm equipment and tractor manufacturing base.

Shree CementBSE 0.16 % plans to build its maiden manufacturing base in the state with Rs 550 crore investment for setting up a cement grinding unit. UK-based Ultra Fairwood Group has also tied up.

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