UP Global Investors Summit: Top industrial houses including Reliance, Aditya Birla Group to invest Rs.1 lakh cr in Uttar Pradesh
Reliance Industries chairperson Mukesh Ambani announced an investment of Rs.75,000 crore in the state of Uttar Pradesh over the next five years, while Aditya Birla Group chairman Kumar Mangalam Birla announced an investment of Rs.25,000 crore.
While addressing the UP Global Investors Summit, Ambani said that UP’s ‘swarnim yug’ (golden era), has begun and Uttar Pradesh is the center of hope for all of India, like India had become a hope for the entire world.
The investment, in largely Reliance Retail and renewable energy, will generate over one lakh jobs, Ambani said, adding that Reliance Retail will revolutionise thousands of small stores and kiranas, enabling them to earn and grow more. It will also increase its sourcing of a wide range of agriculture and non-agro products. Reliance will be setting up 10 gigawatts of renewable capacity, the largest in UP, along with a new bioenergy business.
Speaking on the occasion, Aditya Birla Group chairman Kumar Mangalam Birla said, “It is heartening for me as an investor to see UP undergo a metamorphosis in the past few years under the leadership of Chief Minister Yogi Adityanath under the guidance of PM Narendra Modi. This reminds me of one of the PM’s speeches which went quite viral later… UP plus Yogi … bahut hain ab Upyogi.”
Tata Sons chairman N Chandrasekaran said that Air India had an elaborate plan to connect every part of UP with the rest of India and important global cities. “Air India also has a detailed plan to connect every part of UP with the rest of India and potentially to the important destinations of the world. We are already having huge investments in Noida, through TCS, and we are going to build an integrated multi-modal air cargo at the new Jewar airport,” he said, sharing the long history of the company’s presence in UP and their expansion plans.
“From our steel to automotive business, 18 companies of the group are deeply present in UP with a workforce of 50,000 people. And we are on a huge expansion mode across all our businesses in the state, especially in the hotel sector because of the tourism opportunity here,” Chandrasekaran said, adding that UP was well placed to capitalize on the elements of the transitioning world economy.
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Hope Yogi will continue to be CM of UP until all the investments are fully realized.
UP Global Investors Meet
Saying a lot
Mukesh Ambani & Kumar Mangalam Birla are the Global Investors
It is once karma which elevates or dumps the individual fate. No doubt Indian businessmen are all crony capitalists & never believed in social welfare like Tatas. Anyway are there anyone to bet on India’s capability now other than those two big thugs ? Need to live with it, till some good & truthful man dares to invest purely on merits.
Cannot believe on Michaels (Michael Lal) or its blue eyed boys nor Uncle Sam sons
Ha ha.
Ambani the actual culprit who brought Modi to power and Kumar Birla who just got his Vodafone dues of Rs 16000 crores converted to equity
How long can Modi , Shah and Yogi treat the Indian as fools. Or for that matter foreigners with money as fools.