CM Yogi leaves Mumbai with investment proposals for UP

Chief Minister, CM Yogi Adityanath returned to Uttar Pradesh with investment pledges reportedly totaling more than Rs 5 lakh crore after inviting Indian companies to the Uttar Pradesh Global Investors Summit in the financial centre of Mumbai.

Industrialists from key companies like Reliance, Tata Sons, Adani, Godrej, Birla, Piramal, Vedanta, Parle, Hinduja, Lodha, and Ramki met with the Chief Minister during his two-day visit to Mumbai, and he urged them to support Prime Minister Narendra Modi’s $5 trillion target.

CM Yogi

Piramal’s CSR

Ajay Piramal of Piramal Enterprises stated (as part of their Corporate Social Responsibility CSR initiative) that he would start a special campaign in Varanasi by assisting the Prime Minister in his efforts to eradicate tuberculosis and expressed his interest in establishing a Pharma Park.

Investment in aviation services and electric vehicles

Tata Sons chairman N Chandrasekaran has expressed interest in developing hotels and launching Air India flight service at all of the state’s airports in order to broaden Uttar Pradesh’s spiritual circuit. The executive chairman of the most prestigious conglomerate in the country also talked about the company’s plans to invest in the electricity, hydrogen, electric vehicle (EV), food processing, and semiconductor industries.

JSW Group MD Sajjan Jindal discussed the construction of a new paint factory, an EV manufacturing facility, and a modern Pumped Storage Plant for power generation in Sonbhadra. Jindal has expressed his willingness to assist in the construction of a temple and Naimishdham in Kanpur.

Investing in renewable energy

Reliance Industries CEO Mukesh Ambani has proposed making large investments in the renewable energy and electronics manufacturing sectors, as well as providing 5G internet coverage to all of Uttar Pradesh and enhanced health services utilising artificial intelligence to the state’s rural areas.

Waste management and satellite cities

Ramky Group is ready to create a private Pharma Park in Uttar Pradesh in the same vein as its Pharma Park in Hyderabad. Plans for STPs and solid waste management facilities have also been suggested. Rami Reddy, the founder of the organisation, also requested assistance from the CM in establishing a satellite city between Kanpur and Lucknow.

Purchasing solar energy

Aditya Birla Group Chairman Kumar Mangalam Birla requested help from the government in order to construct a convention centre in Noida. A Birla Group action plan for investments in the solar energy sector, data centres, warehousing, and the food processing industry was also made available to the chief minister.

Medical school, hospital, and ammo hub

Dr. Tushar Motiwala of the Kokilaben Dhirubhai Ambani Hospital talked about his plans for the Kanpur-based Hub and Spoke Kokilaben Dhirubhai Hospital.

The Adani Group has expressed interest in developing medical schools in Ballia and Shravasti under a public-private partnership (PPP) model as well as a 10,000-person skill development centre in Noida.

Real estate investment

The Godrej Group intends to quickly begin development on a new city while also opening a new factory in Barabanki. In UP, the company already has four locations. Godrej Property would invest Rs 20,000 crore over the next five years.

Ayodhya, Varanasi, and Gorakhpur will receive housing projects from Lodha Group thanks to an investment of Rs 3000 crores.

Various investments

Darshan Hiranandani, the CEO of the Hiranandani Group, discussed goals for semiconductor investment in conjunction with foreign partners as he signed memorandums of understanding for new projects.