PM Modi will launch projects worth Rs 60,000 crore in lucknow

PM Modi will launch projects worth Rs 60,000 crore in lucknow

Courtesy : NJ30/07/2018 09:07

 A day after attending an event to mark the third anniversary of three government initiatives related to urban development, Prime Minister Narendra Modi will be back in Lucknow today to attend a groundbreaking ceremony for projects involving an investment of Rs 60,000 crore, pledged during the UP Investors' Summit earlier this year.
"PM Modi will be in Lucknow today to attend a programme for the Ground Breaking Ceremony for various projects of investment in Uttar Pradesh," the Prime Minister's Office said in a tweet. 
"In its endeavour to attract investments and promote industrialisation, the Government of Uttar Pradesh had organised the UP Investors Summit in February 2018. This led to generation of investment intent across various sectors like Renewable Energy, Infrastructure, Power, IT & Electronic Manufacturing, Tourism etc," the PMO said. 
Within a few months, investment proposals for 81 projects amounting to an investment of about Rs 60,000 crore have now materialised for Ground Breaking, it added. 
The event will take place at the Indira Gandhi Pratishthan in the Uttar Pradesh capital. 
Ahead of the ceremony, the Yogi Adityanath government in UP said the investors' summit led to the generation of investment worth more than Rs 4.28 lakh crores across the state and investment worth more than 60,000 crores has materialised. 
Out of 1,045 memorandums of understanding (MoUs) signed at the Uttar Pradesh Investors’ Summit in February, 81 have materialised and will be inaugurated by the Prime Minister today. 
"To felicitate these investments, the state government is organising a ceremony on Sunday which will be inaugurated by PM Modi. These investments have the potential of attracting 2 lakh employment in the state", UP govt said in a statement.
Projects include a Rs 10,000 crore investment by Reliance Jio, Rs 5,000 crore by BSNL for optical cable network. Infosys and Tata Consultancy Services (TCS) are investing Rs 5,000 crore and Rs 2,300 crore respectively to establish IT/TES centres across the state.
There is also Rs 2500 crore Adani Power project to lay 765 KV Ghatampur-Hapur transmission line. Besides, Paytm is investing Rs 3500 crore to build its headquarters and campus in the state.
Modi had visited the UP capital on Saturday to attend an event marking the third anniversary of three key government initiatives related to urban development -- Pradhan Mantri Awas Yojana (Urban), Atal Mission for Rejuvenation of Urban Transformation (AMRUT) and the Smart Cities Mission.
In his address, Modi said the government will provide a roof to all homeless people by 2022, reiterating his government's promise.
By 2022, we will try to ensure that everyone has a house. In order to meet this target the government has approved 54 lakh houses in the cities and also provided more than one crore houses to people in villages," he said during his 30-miute speech highlighting his government's efforts to build houses for the poor.
Earlier this month, Modi has visited his parliamentary Lok Sabha constituency Varanasi, Azamgarh and Mirzapur of Uttar Pradesh. He had visited Sant Kabir Nagar on June 28.

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