Investment summit in Uttar Pradesh attracts 4.28 lakh crore: Yogi Adityanath

Reliance Industries chairman Mukesh Amban at the inaugural session of UP Investors Summit-2018

Reliance Industries chairman Mukesh Amban at the inaugural session of UP Investors Summit-2018

Gautam Adani announced investment of RS 35000 crore over next three years in UP while Mukesh Ambani announced at UP investors' Summit in Lucknow, "Jio is one of the largest investors in UP with investments over Rs 20,000 Cr investment".

Emphasising on making Uttar Pradesh an "Uttam Pradesh", Ambani said India can not rise to its full potential without the rise of 22 crore people of the state.

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Uttar Pradesh has signed 1,045 pacts worth Rs 4.28 lakh crore on the first day of the UP investors' summit, Chief Minister Yogi Adityanath said today.

The company will also establish a Centre for the Fourth Industrial Revolution on the campus of a reputed universityin Uttar Pradesh. "We are very bullish and invest Rs 25,000 crore in the next five years on various sectors", Kumar Mangalam Birla said. We will continue to be the biggest investor here. However, he explained that the telecom operator and its parent company, Reliance Industries will not stop just here and create thousands of additional jobs in the coming years. By December 2018, Jio will have presence in every state.

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Promising to be a reliable partner of the people and government of UP, Ambani said he has come to the state to assure that Jios digital revolution will make maximum contribution to UPs development, and announced four commitments in this regard including investment of another Rs 10,000 crore by Jio in the next three years.

To create an industry-friendly ambience in the state for the ease of doing business, big business honchos belted out a number of impressive investment offers to the tune of over Rs 88,000 crore at the inaugural session of UP investors' summit-2018 here on Wednesday. Similarly, Aditya Birla Group committed an investment of Rs 25,000 crore, Mahindra group and Essel group offered an investment of Rs 200 crore and Rs 18,000 crore respectively in different sectors.

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Avaada Power, a clean energy company, said it will invest Rs 10,000 crore in setting up 1,600 MW solar projects in Uttar Pradesh. However, a major chunk of this investment was used by the company to make inroads into the most populous state of the country - Uttar Pradesh. While inaugurating the event, Prime Minister Modi said the foundation of UP has been made, and that it's time to build it a magnificent state.

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