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Noida investor summit attracts investment proposals worth Rs 11,500 crore

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With the latest development, Noida yesterday got an investment proposal worth Rs 11,500 from 50 investors during the district-level investors’ summit, officials said here. In the investor summit, around 250 investors participated that was organised in the Sector 6 Indira Kala Kendra along with Jewar MLA Dhirendra Singh, UP MSME minister Rakesh Sachan, Police Commissioner Laxmi Singh and District Magistrate Suhas L Yathiraj to name a few.

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“We got investment intents worth Rs 11,502 crore from 50 investors during the Gautam Buddh Nagar investors’ summit today, Deputy Commissioner (Industries) Anil Kumar told PTI.

According to officials, three investors were even allotted land by the Noida Authority on Friday itself.

Uttar Pradesh is all set to host Global Investors’ Summit (GIS) that will be organised in Lucknow next month. Yogi Adityanath, Chief Minister of UP has instructed the officials to conduct a district-level investors’ summit in order to attract all kinds of investment for the state. 

Additionally, the Noida officials also stated that an investment proposal worth ₹5,87,000 crore has been received by many firms who are hoping to set up their units in UP states mostly in Greater Noida, Noida under the jurisdiction of the Yamuna Expressway industrial development authority (Yeida).

“We hope that at least 33% of these investment proposals materialise within the next one or two years so that new opportunities can be created and employment generated. We are making efforts so that all of the proposals are realised and the district performs better,” said Anil Kumar, deputy commissioner of the District Industries Centre (DIC), Gautam Budh Nagar.

As per District Industries Centre, the 884 investment proposals have been received from various departments by international as well as domestic investors. 

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