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Uttar Pradesh Govt inks MoUs

Friday, 13 Jun 2014
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The government of Uttar Pradesh has inked investment agreements worth Rs 63,000 crore, with various industrial houses, at the UP Investors' Conclave.


The state government has signed an MoU with Essel Group, which will invest Rs 20,000 crore. Reliance Jio will invest Rs 5,000 crore to roll out its 4G network.


Further, ITC has inked an MoU to invest Rs 2,100 crore in various sectors. Fortis signed a pact to invest Rs 800 crore, to set up three hospitals, one each in Kanpur, Lucknow, and Greater Noida.


Amity Group has pledged Rs 2,000 crore investment for an educational complex in Kanpur. Uflex will invest Rs 4,000 crore to set up a 300 MW solar park in the Bundelkhand region. JVL Agro Industries has tied up with the state government to invest Rs 2,200 crore in the agro and food processing sectors.


Shree Cement plans to invest Rs 550 crore to build a manufacturing base and set up a cement grinding unit, while Madhura Refineries has pledged Rs 8,000 crore. Hindustan Paper Mills has inked a pact to invest Rs 4,000 crore.


Investments have also been proposed by Azure Power worth Rs 800 crore; UP Food & Logistics Park worth Rs 500 crore; Reekriti Food Park worth Rs 200 crore; and Dunkan Goenka Group will invest Rs 100 crore among others.


GAIL has signed an MoU with Uttar Pradesh State Industrial Development Corp (UPSIDC) to build CNG highway corridors in the state, at a cost of Rs 141 crore.

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