UP Global Investors Summit 2023: Ambitious Step to Make State $1-Trillion-Economy

UP Global Investors Summit 2023 is just a day away! It will be a historic congregation of world business, political, and government leaders as well as a positive step to make the state a trillion-dollar economy. On February 10, Prime Minister Narendra Modi will inaugurate UPGIS-2023.

More than 10,000 delegates (domestic and foreign) from more than 20 countries are expected to attend UP Global Investors Summit 2023. This event will have a significant impact and serve as a unique forum for business networking, knowledge sharing, and strategic alliances by bringing together business executives, political and economic dignitaries, entrepreneurs, and industry professionals from all over the world.

The Yogi government has created a new online system for signing Memorandums of Understanding (MoUs) and overseeing their implementation with the goal of attracting investment intents totaling Rs 10 lakh crore at UPGIS 2023.

Additionally, PM Modi will inaugurate the Global Trade Show and introduce Invest UP 2.0. In Uttar Pradesh, there is a comprehensive investment ecosystem called Investor UP 2.0 that aims to provide investors with pertinent, clearly defined, standard services.

The arrangements for the Global Investors Summit and the G20 are so well ongoing. The tourism department is working to showcase investors the rich culture and sacred sites of Uttar Pradesh. The UP Transport Department has also made extensive preparations to welcome the G20 guests. The luxurious tent city will have 250 tents and amenities for investors such as a gym, spa, shopping mall, and game zone.

Teams of ministers & bureaucrats held roadshows in 21 cities across 16 countries, resulting in 108 MoUs worth Rs 7.12 lakh crore. Data centres, logistics parks, renewable energy, apparel and textiles, and film city have been the most popular sectors for foreign investment. The data centre sector has seen investment proposals worth Rs 17,000 crore, with logistics parks coming in second with Rs 16,810 crore.

Twenty-four hours before the beginning of the UP Global Investors Summit -2023, the total value of signed MoUs has surpassed Rs 27 lakh crore, nearly three times the initial target of Rs 109 lakh crore.