November 1, 2023: The Uttar Pradesh government, on October 29, 2023, said that investment projects, the MoUs for which were signed during the Global Investors Summit in February 2023, would be launched soon with their ground-breaking ceremony in the next two months. The state government, which had signed MoUs worth over Rs 38 lakh crore during the investors’ summit, had earlier given a target to every department for organising the ground-breaking ceremony of the MoUs signed.
Till now, there are more than 8,000 projects worth about Rs 6.80 lakh crore that are ready to get off the ground. Of these, there are more than 6,000 projects for which MoUs have been signed, while about 2,000 are projects for which MoUs have not been signed. The state government has shortlisted about 8,000 MoUs for the ground-breaking ceremony whose total investment potential is more than Rs 9 lakh crore. The UP government has so far signed more than 26,000 MoUs, through which investment of more than Rs 38 lakh crore will be made in Uttar Pradesh.
A total of 33 departments were given a target by the government to implement MoUs worth more than Rs 9 lakh crore. Out of these, Additional Sources of Energy Department received the highest number of 503 MoUs worth more than Rs 8 lakh crore, of which projects worth Rs 1 lakh crore are ready for launch.
The UP State Industrial Development Authority (UPSIDA) has also prepared MoUs worth more than Rs 94,000 crore for launch. The UPSIDA had signed a total of 625 MoUs with an investment potential of more than Rs 3.45 lakh crore. UPSIDA was given a target of Rs 2 lakh crore for the ground-breaking ceremony, of which more than 47% has been achieved. Similarly, the Noida Authority has made 115 projects worth Rs 54,0000 crore ready for the launch. The Noida Authority had signed a total of 426 MoUs with an investment potential of more than Rs 1 lakh crore.
The Higher Education Department has got consent to launch 257 projects worth Rs 51,000 crore. It had signed a total of 95 MoUs with an investment potential of more than Rs 2.63 lakh crore. At the same time, the Horticulture Department has given the green signal to 843 projects worth Rs 42,000 crores, while Energy and MSME departments have prepared projects worth about Rs 38,000 crore for the ground-breaking ceremony.
The Basic Education Department has achieved almost 900% of the target. This department was given a target of Rs 63 crore, against which it has given the green signal to 47 projects worth Rs 558 crore. Similarly, the Technical Education Department was given a target of Rs 4,500 crore, against which it has prepared 535 projects worth about Rs 5,200 crore, more than 115% of the target.
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