PM to lay foundation of Rs 80,000 cr industrial projects in UP on Jan 20

Topics Narendra Modi

File photo: Prime Minister Narendra Modi and Uttar Pradesh Chief Minister Yogi Adiyanath during the unveiling and inauguration of Kumbh Mela 2019 . (Phtot: PTI)

Prime Minister Narendra Modi is likely to lay the foundation of industrial projects in Uttar Pradesh totalling up to Rs 80,000 crore at a groundbreaking ceremony here on January 20.

These projects, mostly related to IT and electronics sector, are part of the Rs 4.68 trillion worth Memorandum of Understanding (MoUs) signed by the Yogi Adityanath government with public and private sector companies during the UP Investors' Summit held here in February last year.

"We are planning to lay the foundation stones of projects worth nearly Rs 1 trillion this month. We are confident that projects worth Rs 75,000 crore to Rs 80,000 crore would be launched at the groundbreaking ceremony," UP Industrial Development Minister Satish Mahana told PTI.

The state government is, however, awaiting official confirmation from the PMO about the prime minister's visit next Sunday, an official said.

The first groundbreaking ceremony, held in July last year, was attended by the prime minister who laid the foundation stones of 80 projects worth Rs 60,000 crore.

The Adityanath government is also pushing its other mega infrastructure projects, including the Bundelkhand Defence Corridor, Bundelkhand Expressway and Jewar International Airport.

While, the defence corridor is expected to attract an investment of almost Rs 50,000 crore, the 289-km Bundelkhand Expressway is estimated to garner investments worth Rs 10,000 crore.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel