Consulate General of India, Birmingham organises event to apprise businesses about the upcoming UP Global Investors Summit 2023

Tuesday 31st January 2023 09:07 EST

The Consulate General of India, Birmingham organised a business event on 28 January 2023, at Birmingham Events and Conference Centre to apprise businesses in Birmingham and North England about the UP Global Investors Summit 2023, the flagship Investment Summit of the Government of Uttar Pradesh. This event bought together investors, businesses and responded to the queries regarding the flagship market entry support initiatives provided by the Uttar Pradesh Government.

UP Global Investors Summit 2023 will take place in Vrindavan Colony, Lucknow, Uttar Pradesh from 10 until 12 of February 2023. The 3-day long Investors Summit will bring together policy makers, corporate leaders, business delegations, academia, think-tanks and Political and Government leadership from across the globe, to collectively explore business opportunities and forge partnerships. 

The event commenced with welcome address by Consul General Dr Shashank Vikram where he highlighted the initiatives taken by the Government of India to improve regulations and attract foreign capital. Dr Shashank also stated that UP is on the trajectory of becoming a $1 trillion economy and substantial support is being offered to industrialists intending to be part of UP's growth story. 

Soon, a presentation by Suresh Kumar Khanna, Hon'ble Finance Minister of UP and Arvind Kumar, ACS UP Government on the benefits of investing in Uttar Pradesh followed. The detailed presentation elaborated on how UP has become the preferred investment destination, under Hon’ble Chief Minister, Shri Yogi Adityanath, where projects are not just conceptualised but also actualised. It also included details of the various reformative steps taken in creating a holistic ecosystem for industrial development, through policy driven governance by formulating 25+ policies to attract investment across Defence & Aerospace Manufacturing, EV Manufacturing, Warehousing & Logistics, Electronics Manufacturing, Tourism, Textile, MSME, etc. Through this flagship Investment Summit, the State Government aspires to reinforce the investment attractiveness of Uttar Pradesh amongst the investor’s community and create opportunities for an inclusive development of the State.

This was followed by a Special address by Hon’ble Chief Minister, Shri Yogi Adityanath, where he highlighted the progress of Uttar Pradesh and mentioned that it is the growth engine of India, and country’s third largest economy growing at a fast rate. He also mentioned about the investor friendly policy direction of the Government and the Good Governance initiatives, complementing the inherent strengths of the state, which will definitely go a long way in transforming the state into a preferred investment destination.

Thereafter, the Q & A session followed where the queries of the investors were addressed by the UP Government. Finally, the letters of Intent worth about 350 million USD of investment in UP were signed by the investors before they attend the summit in February 2023. About 60 businesses benefitted from the event and lauded the ease of doing business, better law & order, & policy-based good governance in UP.

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