UPGIS 2023: Minister A K Sharma’s Department Topped the Investment List, Bagged Overall Rs. 9.75 Lakh Crores

UPGIS 2023: The UP Global Investors Summit 2023 inaugurated by PM Narendra Modi on February 10, 2023, has come to an end today. The event could successfully draw the attention of leading industrialists of the nation who attended this summit and showed interest in investing in Uttar Pradesh. Reliance Industries Chairman Mukesh Ambani, Tata Group, and Birla Group made big announcements regarding investment in the state. Proposals worth Rs. 35.50 lakh crores of investment were received in the state through this summit.

Investment of about ten lakh crores for urban development & energy

The field of new energy emerged as the top investment sector. If we look at the total investment in the energy sector, this particular wing fetched the maximum deal.
Ministry of Urban Development & Housing, led by A K Sharma bagged an investment of Rs. 9.75 lakh crore. This is about one-third of the total investment of Rs. 35.50 lakh crore made in this summit. Minister A K Sharma thanked all the investors, and also congratulated the officers, and directed them to take forward these investment proposals immediately and efficiently on the ground.

You walk one step and I will walk five – A K Sharma

Addressing a session on ‘Sustainable Development Through Renewable Energy’ at the UP Global Investors’ Summit (UPGIS), A K Sharma said he would extend all the cooperation to investors in the efforts to set up projects in the energy sector in the state.

He assured entrepreneurs signing MoUs for investing in renewable energy that his department would resolve their issues at the speed of electricity. “You walk one step and I will walk five steps,” he added, spelling out the new solar and bio-energy policies that the government had already issued, giving a slew of incentives and concessions to investors.

He stated that there were largely two options to increase energy production. “One is to continue to produce coal-based power and contribute to the environmental pollution in the process and the second is to depend on renewable sources to meet energy requirements as well as save the environment,” he added. “Multiplication of energy is the need of the hour, efforts have to be made to meet the energy requirement from renewable sources as much as possible,” he further said.

Department-wise investment figures

As per statistics, an investment of Rs. 6.33 lakh crore has come in the field of new energy through the Global Investors Summit. At the same time,  the field of energy has fetched an investment of Rs. 1.34 lakh crore and urban development could bag an amount of Rs. 2.08 lakh crore.

Earlier, a meeting and roadshow of Business to Government (B2G) held in Ahmedabad last month was led by A K Sharma, Cabinet Minister for Urban Development and Energy in the UP government. During this, he put the investment-friendly policies of the Yogi government in front of the industrialists and invited them to invest in the state. The government of Uttar Pradesh seems to be working vigorously on taking the economy of the state to one trillion. These investment proposals will definitely be a booster to the motive of the government.

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