GOVT: GULF INVESTORS INTERESTED IN U.P.
LUCKNOW: Investors from the Gulf region have shown interest in investing in Uttar Pradesh, the state government has said.
Their inclination towards investing in the state comes in the wake of the Uttar Pradesh Global Investors Summit (GIS), proposed to be held between February 10 and 12, 2023. According to a communique issued by the state government on Sunday, interested entrepreneurs from Dubai (UAE) and Abu Dhabi have been extended the invitation to attend the GIS 2023 event.
The six sectors they have shown interest in include -power (renewable energy), hospital and medical education, apparel and textiles, agro and food processing, leather and footwear, and infrastructure, as per Invest U.P., a department of the state government. Notably, Invest U.P. has been appointed as the nodal agency for GIS 2023. This comes just a few days after the U.P. government issued a release mentioning how a few American companies have shown their willingness to invest in the state.
Meanwhile, the Confederation of Indian Industries (CII), on behalf of the U.P. government, is holding talks with entrepreneurs from the Gulf countries regarding investment in the state. It is worth mentioning that the state government has set a target of attracting an investment of Rs 10 lakh crore through the Uttar Pradesh GIS 2023 event.