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Investors from Ahmedabad eager to invest in UP, say, UP has enormous potential
Go Back | Yugvarta , Jan 20, 2023 04:36 PM
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News Image Ahmedabad :  As part of the Uttar Pradesh government's push to draw investors in the run-up to the Global Investors Summit 2023, Team Yogi continued to receive a resoundingly positive response from investors in Ahmedabad on Friday during one-on-one meetings. The investors described UP as a ‘state with enormous potential for investment’.

There was a great deal of enthusiasm among the industrialists during the B2G meetings held at The Crowne Plaza in Ahmedabad regarding CM Yogi's image and his industrial policies. The investors said that many positive developments have occurred in UP over the past five and a half years.

* Investors show up for a one-on-one meeting with Team Yogi prior to the roadshow

* Industrialists praise CM Yogi’s development-oriented approach

* Large companies of the Pharma sector have expressed interest in establishing operations in UP

In such a situation, along with investing in UP, they also want to contribute to making it a trillion-dollar economy.

In the B2G meetings, the veteran firm of the medical field praised the merits of the Yogi government along with agreeing to invest.

More than 30 investors attended one-to-one business meetings. The team was headed by Cabinet Minister AK Sharma, while Cabinet Minister Jitin Prasad, and Minister of State JPS Rathore were present with him.

*CM Yogi transformed the state's image*

Jinal Mehta, Managing Director, Torrent Group praised the robust infrastructure of UP. They are already working in the electricity, gas sector in 16 districts of UP and now want to invest in the pharma sectors. For this, an MoU was signed with an investment proposal of Rs 25,000 crores.

Mehta said: “The work done by the Yogi government in the last five and a half years to make UP crime free, create solid infrastructure, expressway, airport or road connectivity is commendable. He wants to invest more and more because of this.”

*We support UP in becoming the growth engine of New India*

Amit Gosia, Corporate Head of medical device manufacturing giant Merrill Group, said that the state has advanced significantly in the healthcare sector under the leadership of CM Yogi . “We are witnessing this growth and are now ready to be a part of it. CM Yogi himself has conveyed this message that our investment is safe in Uttar Pradesh. In light of this, we made the decision to establish a medical device park close to Jewar Airport to produce equipment for orthopedic, diagnostic, and cardiovascular surgery in Uttar Pradesh. This is a very good opportunity for us. In this regard, we will discuss with our expert team and prepare a further strategy to start the project soon.”

*Innovative ideas of Yogi Govt is a new experience for us*

Dr. Viranchi Shah, National President of the Indian Drug Manufacturers Association, expressed confidence in UP's capabilities to establish India as the leading nation in the pharmaceutical industry. He said that the way the Uttar Pradesh government is promoting innovative ideas, it has encouraged us to invest in the state. Impressed by the government's start-up policy and ease of starting business, we are keen to set up our unit in UP. The investors are really pleased with the facilities and reliefs that the government has chosen to offer.

*Hester Biosciences admired the Yogi government's industrial policy*

Rajiv Gandhi, founder, CEO, and MD of Hester Biosciences Limited lauded Uttar Pradesh for its infrastructure, sizable market, and easy manpower availability. His company manufactures animal vaccines on a large scale in Gujarat. Looking at the industrial policy of the Yogi government in Uttar Pradesh, he has expressed his desire to set up a plant for animal health products, natural products, and formulations because there are a lot of advantages in UP. Also, the infrastructure there has become much better than before.

He said, “It is great to hear that the Yogi government is supporting industrialists more than the previous governments. We are impressed by his policies, and we will definitely support him in carrying out his resolutions.”
  Yugvarta
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