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U.P. govt signed 8,829 MoUs with MSMEs during GIS

451 MoUs are in the range of 20 crore- 30 crore. These are valued at 11,956 crore. According to the state government, U.P. currently has 95 lakh registered MSMEs.

Published on: Feb 16, 2023, 23:57:19 IST
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LUCKNOW The Uttar Pradesh government has signed 8,829 MoUs worth over 1.37 lakh crore with MSMEs at the recently-concluded Global Investors’ Summit.

According to the MSME department, 6,212 MoUs are worth less than  ₹10 crore. (HT Photo)
According to the MSME department, 6,212 MoUs are worth less than ₹10 crore. (HT Photo)

According to the MSME department, 6,212 MoUs are worth less than 10 crore. These pacts will bring in a total investment of 26,124 crore. In addition to this, 938 other MoUs are worth less than 20 crore but higher than 10 crore. These agreements will bring a cumulative investment of 15,341 crore.

Similarly, 451 MoUs are in the range of 20 crore- 30 crore. These are valued at 11,956 crore. According to the state government, U.P. currently has 95 lakh registered MSMEs. The three-day investors’ summit concluded on February 12.