Investment projects worth Rs 65,000 crore to be announced in second ground breaking ceremony

Union Home Minister Amit Shah will inaugurate the two-day second ground breaking ceremony in Lucknow on Sunday. (Image | PTI)

Union Home Minister Amit Shah will inaugurate the two-day second ground breaking ceremony in Lucknow on Sunday which will see the launch of more than 250 projects worth Rs 65,000 crore.

Speaking to India Today, state industrial development minister Satish Mahana said “The first ground breaking ceremony last year was highly successful and this time again more than 250 projects worth around Rs 65,000 crore rupees will be announced in the ground breaking ceremony. Out of the projects that were announced in the first ground breaking ceremony, only two projects couldn’t be started due to policy related issues. Other projects have materialised.”

“Since our government has come to power, an atmosphere for investment has been created. Industrialists have confidence in this regime, this is why second ground breaking ceremony has been organised in a year” added Mahana.

Uttar Pradesh Chief Minister Yogi Adityanath also hosted a dinner for the top industrialists ahead of the event which included Shiv Nadar from the HCL, Yusuf Ali from the Lulu group, Ahmed El Sheikh from Pepsi Co, Shishir Bajai from Bajaj electricals, Dr Naresh Trehan from Medanta, HC Jong etc.

These top industrialists will attend the ground breaking ceremony and will also be investing in the state.

The dinner was also attended by Prasoon Joshi who is a renowned lyricist and CEO of the McCann World Group India and film producer Boney Kapoor.

Issuing a statement, Yusuffali MA, chairman and managing director of the Lullu group said ” We have 174 shopping malls across the country. It was decided by us to open a mall in northern India and we have chosen to invest in Lucknow. When I met CM Yogi Adityanath with the proposal, he decided to provide us every possible help. This is how an investor gets confidence. Many industrialists are participating in the second ground breaking ceremony and are ready to invest because of support from the state government.”

Dr Naresh Trehan said “We have planned to lay the foundation stone for 700 bed hospital in Noida during the ground breaking ceremony. In future we will also build institutions like Medanta in Varanasi and Gorakhpur which are in eastern part of the state. The ground breaking ceremony has created a healthy environment for investment in the state and it is undoubtedly going to be a huge success.”

Last year, during the first ground breaking ceremony, foundation stone for development projects worth Rs 1 lakh crore were laid in the presence of Prime Minister Narendra Modi.


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