Biz honchos ready to invest more in UP
Lucknow: UP govt's investment promotion and facilitation agency, Invest UP hosted a high-level 'Investor Roundtable' at Mumbai's Jio World Convention Centre on Tuesday. Chaired by chief secretary Manoj Kumar Singh and moderated by CEO of Invest UP, Vijay Kiran Anand, the event saw business leaders praising UP's policies, seamless facilitation and investor-friendly environment.
Industry pioneers reaffirmed their confidence in UP's business ecosystem, announcing investment commitments across key sectors. Addressing the meet, chairman of Hiranandani Group, Niranjan Hiranandani said: "The govt of UP and its agency, Invest UP, catalysed the successful establishment of Yotta Data Services (UP's first 30 MW data centre) in just 18 months amid the pandemic. We are now looking to double its capacity with an additional 30 MW.
" He also unveiled a Rs 28,440 crore chip manufacturing project under Tarq Semiconductors in Noida, recently approved by the state cabinet.
Vice-chairperson of Avaada Group, Sindoor Mittal highlighted the commissioning of a 1.5 GW solar module manufacturing unit within four months, attributing the achievement to swift govt approvals. "Avaada is committed to UP's renewable energy sector and will invest an additional Rs 20,000 crore," she said.
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Managing director of UltraTech Cement Ltd, KC Jhanwar shared that the company expanded to seven locations, including Aligarh, Bara, Dalla, Dadri, Tanda, Sikandrabad and Lucknow. "The state leadership must be lauded for streamlining unified clearances. We are now ready to expand in Aligarh, Shahjahanpur and Tanda with a Rs 1,981 crore investment," he said.
CEO and MD of Tata Power Renewable Energy Ltd, Sanjay Banga outlined the group's vision for developing large-scale renewable energy projects in Bundelkhand and other areas.
He announced plans to introduce two 800 MW ultra-supercritical power units with a combined investment of Rs 13,700 crore.
Chief finance officer of Balrampur Chini Mills, Pramod Patwari, and chairman of UP development forum, Pankaj Jaiswal, commended the govt's unwavering support and shared the company's intent to explore innovative ventures.
Earlier, the chief secretary said: "UP's commitment to fostering an investor-friendly environment defined by speed, transparency and integrity under the leadership of CM Yogi Adityanath has made UP India's most attractive investment destination."
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