The Uttar Pradesh government has claimed that the team of ministers and officials, who are holding road shows and meeting industrial groups in foreign lands, are successfully attracting investors as there is likely to be a Rs 15,000 crore inflow of foreign funds.
According to official sources, on Thursday, the UP government received significant investment from Sweden. Swedish companies are ready to invest in retail, tourism and waste management in the state.
The Yogi government has also received six MoUs worth Rs 1200 crore from Vancouver, Canada, which proposes to create 600 employment opportunities.
There have been extensive discussions with investors in countries like America and Singapore, in an attempt to make Uttar Pradesh an attractive place for investors.
Also, a delegation led by Industrial Development Minister Nand Gopal Nandi and Public Works Department Minister Jitin Prasada met the Swedish business community during a Thursday roadshow in Stockholm.
On occasion, various Business to Business (B2B) and Government to Government (G2G) discussions were held regarding investment in sectors like defence, textile and garments, food processing, automobile and EV, renewable energy, waste and water management and transportation.
On the other hand, the Additional Chief Secretary (Sports and Youth Affairs) Navneet Sehgal and other Uttar Pradesh government senior officers assured the Swedish business community about the dedicated investment facilities and the strength of the state.
Notably, the delegation also visited the IKEA Gallerien in Stockholm. Cerner, a Swedish construction company, proposed to invest Rs 10,000 crore in the film city project in Uttar Pradesh.
At the same time, Boson Energy proposed an investment of one thousand crores for the Waste Energy Project, while investment proposals of about Rs 40 crores related to tourism were also received.
Significantly, In Vancouver, Canada, the UP delegation led by Assembly Speaker Satish Mahana and Animal Husbandry Minister Dharampal Singh received several investment proposals.
The delegation signed six investment proposals (MoUs) with the business community, costing Rs 1200 crore. These investment proposals are related to IT parks, manufacturing units of aluminium and kitchen supplies, hotels etc.
These investment proposals will likely create employment opportunities for more than 600 people. The delegation also met the Speaker of British Columbia, Raj Chauhan, and discussed the possibilities of investment in the state.