Nivesh Sarathi: UP gets investment proposals worth Rs 1.68 lakh crore for GIS 2023

Through Nivesh Sarathi, a platform that the government developed prior to the “Global Investors Summit-2023,” the state of Uttar Pradesh has received investment offers totaling more than Rs 1.68 lakh crore.

Additionally, MoUs worth Rs 1.25 lakh crore that will generate more than 5.5 lakh job opportunities in the state have been signed. The Yogi administration has set a goal of luring in investments worth Rs. 10 lakh crore.

Notably, Chief Minister Yogi Adityanath has set a goal of making Uttar Pradesh’s economy worth USD 1 trillion, which is in line with Prime Minister Narendra Modi’s desire to make the nation’s economy worth USD 5 trillion. The Global Investors Summit is being held in the state capital of February 10–12 to accomplish this objective.

“As per the Nivesh Sarathi dashboard, a total of 148 MoUs have been signed so far with investors through the portal. Through these 148 MoUs, the government has received proposals worth a total of Rs 1.25 lakh crore. The investment through these MoUs is likely to create 5,63,496 jobs in Uttar Pradesh. Apart from these MoUs, there are still 315 investment proposals through the portal which are currently in process,” the statement by the chief minister’s office said.

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472 intents have been received from the investors on the portal

A total of 472 intents have been received from the investors on the portal till November 30.

“The proposed investment of these is over Rs1,68,759. If all these intentions are converted into MoUs and investments, then it is possible to create 6,79,338 jobs,” it further said.

To bring in more investment, the Nodal officers are also doing follow-ups with interested investors.

“Owing to the sustained efforts of the state government, even before its official launch, the state has received investment proposals worth more than Rs 1.25 lakh crore on this portal,” the statement read.

Along with Nivesh Sarathi, Nivesh Mitra, another portal, will be crucial. This portal will make the process of the investor incentives easier. The Online Incentives Management System (OIMS) has been made accessible via the internet by the government as a result. This will be used for the process, acceptance, and payment of incentives.

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