UP attracts over Rs 50L cr in investments in 9.5 years: CM
In Short
More than Rs 15 lakh crore worth of projects have advanced to the ground-breaking/implementation stage, he said.
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Chief Minister Yogi Adityanath
Lucknow: Uttar Pradesh has received investment proposals worth more than Rs 50 lakh crore over the last nine-and-a-half years, Chief Minister Yogi Adityanath said on Thursday, asserting that the state had emerged as a major investment destination. More than Rs 15 lakh crore worth of projects have advanced to the ground-breaking/implementation stage, he said. Addressing the groundbreaking ceremony of CNH Industrial’s new tractor manufacturing plant in Gautam Buddh Nagar virtually from Lucknow, Adityanath said the company was investing over Rs 1,200 crore in the project on nearly 100 acres in Sector 8D of the Yamuna Expressway Industrial Development Authority (YEIDA) area.
The project would create thousands of direct and indirect employment opportunities while strengthening local businesses and the regional economy, he said. “The trust in doing business is reflected in CNH Industrial setting up a new tractor manufacturing plant with an investment of more than Rs 1,200 crore,” the CM said, adding that the state government would stand with the company as a partner and provide all necessary support. The CM said UP’s improved law and order since 2017 has been a key driver of investments into Uttar Pradesh. He said UP accounted for around 18.5 per cent of India’s total tractor market and the combination of the state’s market potential and CNH Industrial’s technical and manufacturing expertise could create new opportunities in the sector.
