Akhilesh woos investors, says UP is a land of opportunities

Uttar Pradesh Chief Minister Akhilesh Yadav on Thursday pitched for his state as an investment destination at an Investors` Conclave here.

By Deepak Nagpal | Updated: Jun 12, 2014, 12:12 PM IST

Zee Media Bureau/ Deepak Nagpal

New Delhi: Uttar Pradesh Chief Minister Akhilesh Yadav on Thursday pitched for his state as an investment destination at an Investors` Conclave here.

Addressing the gathering of international and Indian investors, Akhilesh welcomed them with both hands, saying his government was working hard in all sectors and that it wants to increase investment in Uttar Pradesh.

Wooing investors, the CM said, “Uttar Pradesh is a land of great rivers, it`s a fertile land. The state has investment opportunities in many sectors; further, laptops have reached in every village of the state.”
He added: “No (other) state can compete with Uttar Pradesh as far as tourism is concerned - everybody knows Taj Mahal.”

Stating that education was priority for his government, the Samajwadi Party leader assured that Uttar Pradesh will be the biggest destination for colleges and universities in the future.

The Uttar Pradesh government has organised the Investors` Conclave to engage with top global and Indian investors from across several sectors with an aim to attract private sector investments and create jobs in the state.
Meanwhile, PTI reported that the state government has signed 20 initial agreements with corporates entailing investments worth Rs 35,000 crore.

These MoUs include a pact with Reliance Jio for providing 4G services and commitments worth Rs 2,100 crore from the ITC group in multiple sectors.

Amity group has also signed a pact with the state government for setting up educational campuses across the state at an investment of Rs 2,000 crore.

However, no timeline of finalising these agreements or projects was announced.

The MoUs were signed here by representatives of the companies with CM Akhilesh at the conclave.