PM Modi and top tycoons expected at breakthrough Yogi Govt event on June 3

The re-elected Yogi Adityanath government in Uttar Pradesh is now preparing for another inauguration ceremony on June 3 in Lucknow, with Prime Minister Narendra Modi in attendance. Chairmen, CEOs, directors and representatives of top national and multinational companies including Adani Group, Microsoft India, Reliance Industries, Hiranandani Group, Birla Group, ITC Group, etc. are also likely to attend.

Chief Minister Yogi Adityanath held a meeting with senior officials on Monday and gave instructions on the outline of the program. He said Uttar Pradesh has emerged as the top destination for industrial investment in the country over the past five years under the leadership of Prime Minister Modi.

“UP, which was ranked 14th until 2017 in the national ranking of the ease of doing business, is now at the second position. Now ‘Team UP’ is working diligently to achieve the highest ranking,” the CM said.

During the previous UP Investor Summit, the state received investment proposals worth more than Rs 4.68 lakh crore. Among these, proposals worth more than Rs 3 lakh crore are being made on the ground even as two groundbreaking ceremonies were held during CM Yogi’s previous stint, officials say.

Designating Invest UP as the nodal agency for the ceremony, the CM said private institutions, companies as well as government investment programs should be included in the ceremony. He also gave the necessary instructions to make the event a grand affair.

No less than 1,500 projects worth over Rs 70,000 crore are expected to be launched during this third groundbreaking ceremony. Major projects include Adani Group’s Rs 4,900 crore enterprise, Hiranandani Group’s two data centers in Noida with an investment of Rs 9,100 crore, Microsoft’s Rs 2,100 crore software development center, factory Rs 600 crore cement manufacturing plant of Dalmia Group in Mirzapur, Hamirpur. It is also the detergent manufacturing plant of Hindustan Unilever Limited.

At present, projects worth about Rs. 21,000 crore in investment are solely in the IT and electronics sector, while many companies related to the MSME, textile, tourism, energy, food processing, food security and pharmaceuticals are due to start very soon, officials say. .

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