UP attracts 6.9 lakh crore investment

By Newsgram Staff Writer

Uttar Pradesh has attracted an investment of Rs 6.9 lakh crore in the last two years and an additional sum of Rs 2-3 lakh crore is expected to reach the state coffers by the end of this year.

Releasing the Assocham's report titled "UP: Inching towards double digit growth", Uttar Pradesh Chief Minister Akhilesh Yadav said the investor confidence has increased and if the state continues to progress like this, it would set an example for others.

The CM also announced setting up an "Innovation Fund" for giving boost to the development.

Assocham chairman Lalit Khaitan said that UP has made several remarkable achievements on development front.

The chamber's secretary General D S Rawat said studies reveal that the state has made surprising progress in agriculture, infrastructure, construction, small industries, power, education, health, realty and other sectors.

Besides, it is the best time for UP to get investments from China as during a recent meeting, the Chinese Ambassador has shown interest in investing in the state, he added.