Essel, Reliance Jio, 18 others plan to invest Rs 39K cr in UP

Posted By: Staff
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New Delhi, Jun 12 (PTI) Essel Group, Reliance Jio, Fortis and 17 others today signed initial pacts to invest over Rs 39,000 crore in Uttar Pradesh, with Chief Minister Akhilesh Yadav promising the investors all possible support.

At an Investors' Conclave here, Subhash Chandra-led Essel Group signed a Memorandum of Understanding to invest Rs 20,000 crore in areas like urban development and distribution of power; Mukesh Ambani's Reliance Jio pledged Rs 5,000 crore outlay for implementation of 4G network.

FMCG major ITC plans to invest Rs 2,100 crore in various sectors; Fortis Healthcare promised Rs 800 crore outlay for setting up three 250-bed hospitals each at Kanpur, Lucknow and Greater Noida. Amity Group pledged Rs 2,000 crore investment for setting up an educational complex in Kanpur.

Uflex promised Rs 4,000 crore for setting up a 300 MW solar park in Bundelkhand region. Investment of Rs 2,200 crore was committed by JVL Agro Industries in agro and food processing sectors. River Engineering plans to set up an air taxi base for Rs 350 crore. Sonalika plans Rs 200 crore investment for setting up a farm equipment and tractor manufacturing base. Shree Cement plans to build its maiden manufacturing base in the state with Rs 550 crore investment for setting up a cement grinding unit. UK-based Ultra Fairwood Group has also tied up with the state government to invest Rs 220 crore in the state.


Read more about: essel, reliance jio, fortis
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