Uttar Pradesh Investors Summit 2018 First Day event investment MoU

Uttar Pradesh Investors Summit 2018 –Key Highlights (First Day-21st February 2018)

UP Investors Summit 2018 is a two-day mega event (21st & 22nd Feb) organised by UP Chief Minister, Yogi Adityanath in Indira Gandhi Pratishthan, Lucknow.

Prime Minister, Narendra Modi inaugurated the mega-summit event on 21st February 2018 in Lucknow.

UP Investors Summit 2018 inaugural session showcased the business potential of the state. The event got attended by around 100 speakers and 18 Union Ministers includingYogi Adityanath, Rajnath Singh, Nitin Gadkari, Suresh Prabhu and Business leaders such as Mukesh Ambani, Gautam Adani, Kumar Mangalam Birla, Anand Mahindra and others.

PM Narendra Modi on the occasion, focused on the investment potential of the UP state, adding that it will deliver a “super hit” performance under the leadership of CM Yogi Adityanath.

UP Investors Summit 2018 in its inaugural day, acclaimed some huge investment laurels for the state

CM Yogi Adityanath proclaimed the signing of the 1,045 Memorandums of Understanding (MoUs) of worth Rs 4.28 lakh crores.

PM Narendra Modi announced the development of ‘Defence Industrial Corridor’ to come up in the Bundelkhand region of Uttar Pradesh. He also informed that the development of ‘Defence Corridor’ will initiate an investment of Rs 20,000 crores and generate employment for about 2.5 lakh people.

PM Narendra Modi also laid emphasis on the importance of UP state’s ‘One District-One Product’ policy. He said that the central government is keen to support the policy mainly through Skill India, Start-Up India and Pradhan Mantri Mudra Yojana.

PM Narendra Modi also launched ‘Nivesh Mitra’, an entrepreneur-friendly application to boost the ease of doing business in UP. The digital portal has features such as one payment gateway that will quicken digital clearances.

UP Investors Summit 2018 also unveiled the commitment and interests of business tycoons in investment of Rs 98,000 crores in the future, which includes Reliance Industries, Mukesh Ambani (Rs 10,000 crores), Adani Group’s, Gautam Adani (Rs 35,000 crore), and Aditya Birla Group’s, Kumar Mangalam Birla (Rs 25,000 crore).