Ambani: Mukesh Ambani says UP’s ‘swarnim yug’ has begun, to invest Rs 75K cr in state | India News – Times of India

LUCKNOW: The opening day of UP Global Investors Summit saw India Inc. gather in the City of Nawabs. The industry tycoons and honchos came up with big investment plans for the state as the sun shone bright on a clear Friday noon.
Calling Uttar Pradesh the “centre of hope for all of India, like India had become hope for the entire world”, Reliance Industries chairperson Mukesh Ambani announced an investment of Rs 75,000 crore in Uttar Pradesh over the next five years, saying that UP’s “

swarnim yug

” (golden period), had started.
The investment, in largely Jio Retail and renewable energy, will generate over 1 lakh jobs, Ambani said. He said that Reliance Retail will revolutionise thousands of small stores and kiranas, enabling them to earn and grow more and will also increase its sourcing of a wide range of agriculture and non-agro products. Reliance will be setting up 10 gigawatts of renewable capacity, the largest in UP, along with a new bioenergy business.
Aditya Birla Group chairman Kumar Mangalam Birla announced an investment of Rs 25,000 crore in the state. He said that as an investor in UP, he was delighted to witness the way the state was metamorphosing.
“It is heartening for me as an investor to see UP undergo a metamorphosis in the past few years under the leadership of chief minister Yogi Adityanath under the guidance of PM Narendra Modi. This reminds me of one of the PM’s speeches which went quite viral later…

UP plus Yogi … bahut hain ab Upyogi

,” he said, extending support to the state government.
Tata Sons chairman N Chandrasekharan said that Air India had an elaborate plan to connect every part of UP with the rest of India and important global cities.
“Air India also has a detailed plan to connect every part of UP with the rest of India and potentially to the important destinations of the world. We are already having huge investments in Noida – both through TCS and we are going to build an integrated multi- modal air cargo at the new Jewar airport,” he said, sharing the long history of the company’s presence in UP and their expansion plans.
“From our steel to automotive business, 18 companies of the group are deeply present in UP with a workforce of 50,000 people. And we are on a huge expansion mode across all our businesses in the state especially in the hotel sector because of the tourism opportunity here,’Chandrasekharansaid, adding that UP was well placed to capitalize on the elements of the transitioning world economy.

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