Looks like Uttar Pradesh will be next hub of development in India.

The UP Investors Summit witnessed a signing of over 900 MoUs. According to reports, MOUs worth Rs 4 lakh 28 thousand crore were signed. Investors will also have the feasibility of 'Digital Single Window Clearance System’.

Suresh Prabhu, Minister of Commerce and Industry, said, the central government is working with the states with the spirit of cooperative federalism for ensuring growth and greater flow of investments. He also added that the government is working on a new industrial policy.Dixon Technologies will invest Rs 500 crore to build a consumer electronics unit on a fifteen-acre land in Noida.

This is expected to create 1,200 jobs in Uttar Pradesh.

“Uttar Pradesh has immense potential of growth.This summit will pave way for greater investments into the state and facilitate development,” the minister said.

Biometronic Technology from Singapore will invest Rs 500 crore to set up a manufacturing unit in Yamuna Expressway on a fifty-acre land. This manufacturing unit will focus on building camera modules, lithium ion electrode & PCB.

Adani Group has promised to invest Rs 35,000 crore over the next 5 years across sectors.

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