CM Akhilesh Yadav signs deals for Rs 33,000 crore in Mumbai investor meethttps://indianexpress.com/article/business/business-others/cm-akhilesh-yadav-signs-deals-for-rs-33000-crore-in-mumbai-investor-meet/

CM Akhilesh Yadav signs deals for Rs 33,000 crore in Mumbai investor meet

According to Akhilesh Yadav, there is a wide difference between the perception of people have about Uttar Pradesh and the ground reality.

Assuring the best infrastructure facilities, including uninterrupted power, Uttar Pradesh Chief Minister Akhilesh Singh Yadav on Thursday held an investor meet that drew investments of over Rs 33,000 crore into various sectors in the state.

Yadav said the investors meet witnessed good response from business community across the country. During his brief media interaction, he said, “we have signed investment intentions worth Rs 32,963 crore resulting in an employment generation of more than 1,50,000 people.”

According to Yadav, there is a wide difference between the perception of people have about Uttar Pradesh and the ground reality. “There has been a good response from investors who are looking at UP with great hope and promise.”

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Earlier, at the investors meet, representatives from big industrial houses and Bollywood were present. Giving details about the various companies which signed intents of cooperation, he said, “Toshiba has agreed to set up two power plants. We have Reliance Jio, Godrej Agrovet, ITC, Ideal Cellular and so on. Some of the companies already have their projects and ready to expand further.”

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The sectors which got investments include electronics (Rs 1578 crore), food and agro processing (Rs 6,630 crore), infrastructure (Rs 13,405 crore), manufacturing (Rs 6,150 crore), power (Rs 3,400 crore), biomass (Rs 1000 crore), solar (Rs 700 crore) and IT (Rs 100 crore).

In a meeting with bankers, Akhilesh Yadav assured them active cooperation of the state government in their efforts to recover bad loans. The banks also promised to positively consider the viable investment proposals from industries in the country’s most populous state.