Industry captains announce huge investments in UP

| | Lucknow
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Industry captains announce huge investments in UP

Monday, 29 July 2019 | PNS | Lucknow

The captains of Indian industry announced to make investments in UP which, they said, would create sizeable job opportunities in the state.

The Medanta Group announced to provide employment to 15,000 people while Lulu International said it would generate 5,000 jobs in the state.

The Medanta Hospital will be inaugurated here on October 15.

Gautam Adani, Chairman of Adani Group, said the saga of development of India was directly linked with the development of Uttar Pradesh. He said the Yogi Adityanath government, by rooting out corruption, had implemented the Prime Minister’s vision of ‘Sabka Saath, Sabka Vikas’ in letter and spirit.

Adani said that at the February 2018 UP Investors’ Summit, he had announced to invest Rs 5,000 crore in the power transmission sector.   He said work on two projects was in progress to lay 1,500 circuit km-long transmission lines and power sub-stations of 915 MVA had been constructed.

He said in the next five years, the Adani Group would invest additional Rs 5,000 crore in UP. He said his group was also investing in grain storage and logistics in the state.

Adani said a steel silo of 500 MT capacity had been constructed and multi nodal logistics station would be constructed at Jewar near Noida.

He said his group would also construct multi nodal river terminal in Varanasi.

The Adani Group will also invest Rs 500 crore in food processing by constructing rice, flour and dal mills and oil refinery for mustard oil. The group is also in the process of investing in data centre and defence industrial corridor coming up in Bundelkhand region.

“UP can become a market leader in data centre by providing direct, indirect and induced employment,” Adani said, adding that his group would also invest in UP defence industrial corridor.

He said the Adani Group was committed to making Uttar Pradesh an ‘Uttam Pradesh’.

Dr Trehan of Medanta Group said they would provide jobs to 15,000 persons the state. He said the 1,000-bed Medanta Hospital in Lucknow had been constructed in a record time of 2 years 6 months.

Dr Trehan said the law and order situation was very good in UP and his company would set up hospitals in Noida, Gorakhpur and Varanasi.

Tata Sons Chairman N Chandrasekaran said his group had old association with UP and there was huge potential in the state. He said the Tata Group companies were present in UP in power, aviation, electric vehicle and charger, renewable energy sectors. He said the Tata Cancer Hospital would soon be operational.

Chandrasekaran said last year there was furore  that the Tata Group intended to close down the operations of Tata Consultancy Services (TCS)  in UP. He said presently there were 10,000 persons working in TCS and the company had plans to expand the operations in UP.

Torrent Group Chairman Sudhir Mehta was of the view that there has been considerable improvement in the investment climate in UP and overall positive change in the perception about the state.

Mehta said in February 2018, his group had announced to invest Rs 6,000 crore in power and gas sectors. “We have translated the announcement on the ground by investing Rs 3,000 crore. We have developed city gas supply network in 14 districts that will serve four lakh people. He said in the next phase, his company would invest Rs 3,000 crore for setting up 2,000 CNG stations in the state.

Yusuf Ali of Dubai-based Lulu International said his company would make big investments in UP and provide direct employment to 5,000 persons in Lucknow.

He said his group was constructing the biggest shopping mall of Asia in Lucknow where 70 percent work had been completed and the company also planned to invest in food processing sector in UP.

Yusuf said his group would construct shopping malls in Noida and |Varanasi also.

Samsung Group Chairman HC Hong said Korea had historical relations with Ayodhya. He said in 2018, Samsung had set up the largest mobile phone factory in the world and the product was exported around the globe.

Hong said UP government had developed global standard infrastructure and Samsung was developing its Noida centre as a global hub. He said Samsung would remain a reliable partner of the UP government.

Federation of Indian Chamber of Commerce and Industry Chairman Sandip Somani said UP had taken important steps in formulating policy-based institutional framework which would go a long way in ease of doing business in the state. He said commercial production in 81 factories had started after the first groundbreaking ceremony in July 2018. He said the confidence of the business community had increased with the improvement in law and order and 24x7 power supply in the state.

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