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UP Investors Summit 2018: Small, medium investors too show intent

If stated intent and MoUs are anything to go by, Uttar Pradesh is all set for a turnaround.

Published on: Feb 22, 2018, 14:44:08 IST
Hindustan Times, Lucknow | By , Lucknow
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If stated intent and MoUs are anything to go by, Uttar Pradesh is all set for a turnaround.

Atul Gupta, an investor from Meerut, signed an MoU for a five-star hotel that will come up in Amausi with investment of Rs 300 crore. (HT Photo)
Atul Gupta, an investor from Meerut, signed an MoU for a five-star hotel that will come up in Amausi with investment of Rs 300 crore. (HT Photo)

“It was always said and widely felt UP required several Noida-type industrial hubs. The state appears to be on way now towards realising the objective,” union minister Manoj Sinha said after Prime Minister Narendra Modi had set the tone for the summit by saying that under Yogi Adityanath, the most populous state was set to shed its ‘BIMARU’ image.

After top industrialists had pledged impressive commitments, small and medium investors followed.

There were scores of such investors who showed intent, going for the nearly 73 MoUs of Rs 1000 crore or above that had been revealed by the evening.

For instance Atul Gupta, a wheel-chair bound differently-abled investor along with his partner Harsh Garg, arrived from Meerut to ink a Rs 300 crore pact for setting up a five star hotel in Amausi industrial area.

“This is a good time to invest in the state,” said Gupta echoing a popular sentiment first expressed by the PM Modi during inaugural session.

An elated UP’s industry minister Satish Mahana told HT that the government plans to channel these investments to underdeveloped and hitherto neglected areas of the state.

 
ABOUT THE AUTHOR
Manish Chandra Pandey

Manish Chandra Pandey is a Lucknow-based Senior Assistant Editor with Hindustan Times’ political bureau in Lucknow, Uttar Pradesh. Along with political reporting, he loves to write offbeat/human interest stories that people connect with. Manish also covers departments. He feels he has a lot to learn not just from veterans, but also from newcomers who make him realise that there is so much to unlearn.

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