ALLAHABAD: RS 485 CRORE

ALLAHABAD : The UP Investors’ Summit and the keenness of the state government to attract investment seems to be having a positive impact on entrepreneurs, officials say.

The District Industries Centre, Allahabad, has identified 21 industrialists, who have shown interest in investing in the Allahabad region alone, an official says.

Sanjay Kumar, assistant manager, District Industries Centre, Allahabad, says: “These 21 industrialists are ready to invest around Rs 485 crore in different sectors like electronics, hospitality, food processing etc in Allahabad region. One of them is the United Group which had proposed to invest around Rs 200 crore.” He says a majority of these investors want to set up food processing units in the Naini industrial area of Allahabad. Some have also proposed to set up small industrial units in Soraon tehsil, he adds.

“These investors have held four rounds of meetings with the district administration officials of Allahabad. We have now sent the list of these 21 industrialists and the investors based in Allahabad to the state government for their participation in the investors’ summit,” the officer says. Satpal Gulati, vice-chairman of the United Group, has confirmed plans to invest Rs 200 crore in Allahabad. He says, “Keeping the need for quality medical treatment and medical professionals in mind, we are going to set up a medical college as well as a fully equipped modern hospital along with it.” “Likewise, we will set up a modern university that will focus on quality education aimed at preparing youths for jobs as per today’s needs,” he says.