The Yogi Adityanath-led government in Uttar Pradesh, which set a record by signing MoUs worth over Rs 38 lakh crore during the Global Investors Summit, is set to translate this investment into reality through a Groundbreaking Ceremony (GBC).
Currently, more than 8,000 projects totaling approximately Rs 6.80 lakh crore are ready for implementation through GBC, expected to begin early next year.
According to government officials, they set targets for all departments for the groundbreaking ceremony. So far, more than 8,000 projects, with a total investment potential exceeding Rs nine lakh crore, are prepared for GBC. Of these MoUs have been signed for more than 6,000 projects and around 2,000 projects are non-MoU.
Notably, Uttar Pradesh signed over 26,000 MoUs, potentially bringing in more than Rs 38 lakh crore in investments. The government assigned 33 departments to implement MoUs worth over Rs 9 lakh crore. The Additional Sources of Energy department achieved the most success by getting MoUs worth more than Rs 1 lakh crore ready for GBC. The department signed a total of 503 MoUs with a combined investment potential exceeding Rs 8 lakh crore.
The Energy department aimed for Rs 1.25 lakh crore for GBC and achieved over 83 percent of its target with 111 projects worth Rs 1.04 lakh crore ready for investment. Similarly, UPCIDA has prepared MoUs worth more than Rs 94,000 crore for GBC. They had a target of Rs 2 lakh crore and have achieved over 47 percent of it.
Noida Authority is also prepared for significant investments, with 115 projects worth Rs 54,000 crore ready for GBC. They achieved 61 percent of their Rs 90,000 crore target by signing 426 MoUs, whose investment potential was more than Rs 1 lakh crore. Higher Education has consent for 257 projects worth Rs 51,000 crore in GBC.
Deputy CM Brijesh Pathak said that through the new industrial policy, the single window system and ease of doing business has expanded the opportunities in Uttar Pradesh and the government has been successfully able to attract industrialists to the state.
Through a set target, every department is making an effort, and these investments will soon materialize through the groundbreaking ceremony. Uttar Pradesh’s image has changed, attracting investments exceeding 37 lakh crore.
Meanwhile, the opposition in the state questioned the GBC preparations, with Samajwadi Party leader Ameeque Jamai stating that the government talks about investments but does not implement them on the ground. He emphasised the need for actual groundwork before such ceremonies can effectively attract investment to the state.
