PM Modi lays foundation stones for Rs 60,228 cr projects in UP

Lucknow: Prime Minister Narendra Modi on Sunday laid the foundation stones for various industrial projects worth 60,000 crore rupees to be set up by 81 companies here.

The foundation laying ceremony was held at the Indira Gandhi Pratishthan in presence of several industrialists, union ministers and others which was telecast live across 75 districts of the state. The projects after completion are expected to create two lakh fresh jobs in the state.

The function was held here where PM along with Union Home Minister Rajnath Singh, UP governor Ram Naik, chief minister Yogi Adityanath along with other union and state ministers were present.

The PM also gave electronic signature on the play-carts of the foundation of the 81 industrial projects.

The key projects, for which the foundation was laid are spread out in 24 districts, with an investment of Rs 10,000 crore by Reliance Jio infocom and Rs 5,000 crore by BSNL for laying optical fiber cable network in the state. Infosys, the Bengluru based major IT company and Tata consultancy services another IT firm will invest Rs 5,000 crore and Rs 2,300 crore respectively in setting up their respective campus in the state. Adani Power is investing Rs 2,500 crore for 765 KV Ghatampur-Hapur transmission line. Paytm, the e commerce and digital wallet company is investing Rs 3,500 crore to build its campus in the state.

Several prominent industrialists including Gautam Adani, Aditya Kumarmanglam Birla, and Sanjeev Puri of ITC, Subash Chandra, Rajya Sabha MP and chairman of Essel Infra group Dr B R Shetty of Abu Dhabi based NMC healthcare and Indian billionaire Yusuf Ali of Lulu group with an annual turnover of 7.4 billion US dollars employing largest number of Indian outside India were present.

In a bid to promote industrialization and attract investors, UP government had organized the first ever ‘UP Investors summit;’ here in February where the MoUs worth  over Rs 4.28 lakh crore were signed by the different corporate groups with the state government for investing in the state. (UNI)