Ghaziabad Will Chip In Rs 4,400 Crore With MoUs For UP Investors Summit -18
Various agencies in Ghaziabad will be chipping in with Memorandum of Understandings (MoUs) of nearly Rs 4,400 crore for the upcoming UP Investors Summit 2018 in Lucknow. Prime Minister will be the chief guest of the two-day event which will start on February 21.
UP government has invited investors, projecting the state as a major investment destination by showcasing its skilled manpower, connectivity, locations and proactive governance. For the summit, the Ghaziabad officials have so far signed 90 MoUs with investors from the private sector and have prepared proposals for projects worth nearly Rs 3,671 crore.
The state government is focussing on bringing in investment in sectors such as electronics manufacturing, textiles, tourism, IT & IT enabled services, civil aviation and renewable energy, among others.
The development authority’s proposals are mostly in the real estate sector with majority investments coming in from private developers in the form of group housing projects, affordable housing projects, ‘Pradhan Mantri Awas Yojana’, malls, schools, hotels, etc.
GDA vice chairperson told, they have proposals from the industries department as Ghaziabad is also a major industrial hub. The other proposals are being prepared by the UP State Industrial Development Corporation. The development authority also has some industrial and commercial plots which will be sold in an auction. These (plots) are worth nearly Rs 350 crore but we will not be able to incorporate these into the proposals for the investors’ summit 2018.
The projects proposed by the GDA are located in Raj Nagar Extension, Indirapuram, NH-24, Koyal Enclave and Indraprastha housing scheme areas.
Apart from the GDA, its counterpart authorities in Noida, Greater Noida and Yamuna Expressway areas in Gautam Budh Nagar district will also be chipping in with investment MoUs running into thousands of crores of rupees.
The UP Investors Summit -2018 will also include partner countries such as The Netherlands, Japan, Slovakia, Czech Republic, Finland and Mauritius, to name some.
Source Link- https://www.hindustantimes.com/.