MoUs for investment in Uttar Pradesh signed at Dubai summit

Lucknow, May 3: Memoranda of Understanding envisioning investment of thousands of crore rupees in Uttar Pradesh have been signed at the 'UP Investment Summit' held in Dubai recently, a senior official said here on Tuesday.

Infrastructure and Industrial Development special secretary Kanchan Verma said these deals include a Rs.18,000-crore MoU inked with the Bin Zayed Group for the Samajwadi Poorvanchal Expressway and a Rs.1,000 crore MoU with Alana Sons Pvt. Ltd. for a theme park.

Another MoU, for investment of $100 million (around Rs.665 crore), has been signed with the Sharaf Group and pertains to setting up a logistics park.

Other MoUs are for a cold chain and air freight station, and IT and skill development sectors.

Chief Minister Akhilesh Yadav said Uttar Pradesh has emerged as an attractive investment destination for people the world over due to his government's industry-friendly policies.

IANS