For Gorakhpur, Rs 1467 crore investment proposals flow in
Over 18 industrialists have shown interest in setting up factories with a total investment of Rs 1467 crore in Gorakhpur, the hometown of chief minister Yogi Adityanath, an official said.
Over 18 industrialists have shown interest in setting up factories with a total investment of Rs 1467 crore in Gorakhpur, the hometown of chief minister Yogi Adityanath, an official said.
The products proposed to be manufactured at the Gorakhpur Industrial Development Area (GIDA) here include sanitary pads, packaged breads, beverages, oxygen cylinders , cattle feed and disposable syringes.
Puja Srivastav, assistant commissioner, district industries and enterprise promotion centre ( DIC), said: “Eighteen industrialists, including one from Kolkata, have submitted proposals for setting up factories with Rs 1467 crore (in GIDA). Another Industrialist has applied for setting up a food processing industry worth Rs 150 crore in Kushinagar. Possibly one or two such (more) proposal will also come in a day or two. They will move to Lucknow to sign MoUs at the UP investors’ summit scheduled on February 21 and 22.”
She said a delegation of 100 entrepreneurs had registered for participation in the UP Investors Summit in Lucknow.
These entrepreneurs will move to Lucknow to attend summit and sign memorandums of understanding (MoU) with the government to set up their Factories
During his recent visit to Gorakhpur, the chief minister had inaugurated the new administrative building of GIDA and announced the UP Investor Summit will open doors to investment worth Rs 1500 crore in the district..
The GIDA was set up in 1995 to foster economic growth in east UP.
Since its establishment, GIDA had witnessed total investment of Rs 1200 crore, which was not adequate, Adityanath said.
Vijay Aggarwal, former president of the Chamber of Commerce and Industries, said under the Yogi regime, industrialists from across UP were encouraged to move beyond Noida and other cities to set up industries in Gorakhpur, which with investment of nearly Rs 1500 crore.
“The perception has changed now. Better road connectivity, good infrastructure, rebate in cess, access to round the clock power supply and all other necessary facilities have attracted the investors here. The day seems not too far away when Gorakhpur will become an industrial hub,” he said.
“A friend of mine had bought land in Uttarakhand to set up a factory but now he is coming back to Gorakhpur, seeing the favourable invest climate here,” Aggarwal added.
By setting up industries, the government aimed to stopping migration of people to other cities in search of jobs by setting up industries in their areas, said Satendra Sinha, a BJP spokesperson.