Rs 9,000 crore investment in Uttar Pradesh signed by foreign companies

25th November 2020

25th November 2020

Several foreign companies, at least 20 at last count, are making investments in Uttar Pradesh totalling Rs 9,000 crores. A government spokesman said that 57 Indian and foreign companies have signed agreements to invest Rs 46,501 crores in the state. Out of these, 28 foreign companies are investing Rs 9,357 crores and 29 Indian firms are investing Rs 37,441 crores.

Reports said that a footwear making company has shifted to UP from China and has set up factory in Agra by investing Rs 300 crores. So far, the state government has allotted 850 plots to entrepreneurs during the pandemic. At least 350 acres have been allotted in Sector 28 near Yamuna Expressway for making medical parks.

Chief Minister Yogi Adityanath has issued instructions for handing over possession of the allotted plots to entrepreneurs within two months. Not only this, the state has also amended labour laws to make them more friendly for investments.

Among the foreign companies are those drawn from Canada, Germany, Hong Kong, Japan, Singapore, UK, USA and South Korea. To help the migrant labourers, Yogi Adityanath had started some schemes in May itself. There were meant to provide 9.5 lakh jobs in the state.

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