UP Govt's Road Shows get an investments of ₹20,000 cr in UAE

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UP Govt

The UP government has set an ambitious target to bring investments worth Rs 10 lakh crore during the Global Investors Summit set to be held in Lucknow in February 2023

In which  an investment of more than Rs 50 thousand crore will come to UP from the United Arab Emirates (UAE). The results came after roadshows in Abu Dhabi and Dubai and meetings with different groups. More than 200 top industrialists or representatives of their companies participated in these.
As part of preparations for the Global Investors Summit to be held in February, a delegation led by MSME Minister Rakesh Sachan has returned after staying in the UAE for three days. 150 top entrepreneurs met in the road show held during this period. Individual meetings were also held with 50 high potential investor groups. All of them were given information about UP's infrastructure, law and order and industrial peace.

How many MoUs were signed in total?

 On this the MSME minister says that at present nothing can be said about its exact number. An agreement was signed with the Chambers of Commerce and Industry in Abu Dhabi for investment. There are 130 members in this organization. Most of them have given their consent to invest in UP. Top representatives of over 200 business groups operating in the energy, real estate, food processing, electrical vehicles, logistics, hospitality, logistics, tourism and healthcare sectors met. Among them were representatives of companies owned by the UAE government.

Representatives of Abu Dhabi Global Market, Lulu Group, Transnational Computer LLC Group, Elana and Burjeel Hospital inquired about investment in UP. Sachan told that these entrepreneurs had the image of UP six years ago in their mind, when law and order was in the dock. Road and air connectivity was not only poor, but there was no hope of improving it far and wide. When we put the picture of today's UP in front of him, he gave his consent to participate in the Global Investors Summit. Ahmed Jassim Al Zaabi, Chairman of Abu Dhabi Global Market, discussed the investment opportunities in detail. Also said that he would come to attend the Investors Summit. Abu Dhabi Chamber's DG Mohd. H-al Muhari said that UP is a fast moving state. Met UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi and discussed investment plans as there are many government-owned companies there. Principal Secretary, PWD Narendra Bhushan also described the response received there as very encouraging

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