UP Investors Summit in June to witness the launch of the state MSME growth programme

UP Investors Summit in June to witness the launch of the state MSME growth programme

15,000 new projects will be given a go-ahead in the upcoming UP Investor's Summit

In a big step toward the dream of a self-reliant Uttar Pradesh, the state will be hosting the third leg of the state investors summit in the first week of June. As per reports, the groundbreaking ceremony will witness the launch of about 1,500 projects, worth ₹75,000 crores in Uttar Pradesh. A major facet of the programme will be the installation of 865 units of MSMEs here, set up at the total cost of ₹3,586 crores.

Meerut to be the epicentre of MSME launch

Uttar Pradesh has buckled up to be recognised as a major economy in the country, one that is lucrative and nurtures new opportunities and employment for all. In an attempt to do so, the state plans on fostering the growth of the Micro, Small and Medium Enterprises (MSME) sector, paving way for over 48,766 jobs.

Notably, Meerut has been marked as the epicentre of this exponential growth programme. Over 283 MSME units will be set up in the district, which is touted to open about 3,985 employment opportunities at an investment of ₹702 crores.

Following next would be Ayodhya, where approximately 128 MSME units, at an investment of ₹915 crores will be set up. These MSMEs are expected to generate over 6000 employment opportunities in the district.

IT & Electronic Sectors to bring heavy investments

The investors summit will also be a launchpad for big-budget data centres in UP by Adani and Hiranandani Groups. Marked at an investment of ₹4,900 crores and ₹9,100 crores, respectively, these projects will be accompanied by ₹2,100 crore software development centres by Microsoft.

As per the officials of the Industrial Development department of UP, around ₹21,000 crore investment in the upcoming summit is in the Information Technology (IT) and electronic sectors.

Besides, work on a cement manufacturing plant of ₹600 crores by Dalmia Group in Mirzapur and detergent plant of Hindustan Unilever Limited would also be given a go-ahead at the third season of the Investor's Summit. Many other projects in textile, tourism, energy, food processing and pharma would also be launched.

- with inputs from IANS

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