A war room has been prepared at Lok Bhavan to coordinate and facilitate the activities for the Global Investors Summit 2023 in Uttar Pradesh. The formal announcement was made through a curtain raiser event on 22 November in New Delhi while the actual event is scheduled to take place between 10 and 12 February next year. On the other hand, on Tuesday, more than 100 potential investors participated in Assocham’s UP Leadership Summit-2022, where investment proposals of more than one lakh crore rupees were placed before the government.
During this it was also announced that UP’s first private war room would be set up to provide necessary banking services and tax payment facilities to the investors. Assocham’s Policy and Taxation Committee Chairman, Manish Khemka, and Kotak Mahindra Bank’s Shashank Mishra and Deepak Katiyar signed the MoU to set up the war room. Investors are looking forward to their investment due to the security, prospects, support by the government and the innovation environment. They are coming to UP on their own.
Nandi assures investors
Industrial Development Minister Nand Gopal Gupta Nandi said that UP has emerged as a leading state in economy and industries. He advised investors to increase their creditworthiness if they do not have enough cash. One should always try to improve credit worthiness through trustworthy dealings. If businesses are able to do this, they will never be short of money.”
War room will provide convenience to investors
The war room, on the other hand, is being run by Invest UP, knowledge partner Ernst & Young and representatives from industry partners Confederation of Indian Industries (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI), besides representatives from the state industries and infrastructure development department.
The Curtain Raiser event will be followed by a series of national and international roadshows over the next few weeks. CM Yogi is likely to do many roadshows abroad. Officials said that the government is rapidly preparing a policy framework to make investment attractive and generate employment in UP.
Invitations have been sent to over 300 companies including Google, Apple, Walmart, Amazon, Johnson & Johnson, Philips, HCL, Samsung and Suzuki. Heads of various sectors, from IT to agriculture, have also been invited. Additional Chief Secretary, Industries and Infrastructure Development Department, Arvind Kumar said, “Hectic but focused work is going on to put up a good show. Visits to other locations will start soon.”
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