On the first day of the UP Global Investors Summit, several Indian business tycoons unveiled significant investment intentions for the region. Mukesh Ambani, chairman of Reliance Industries, declared Uttar Pradesh to be the "hub of hope for all of India, like India had become hope for the entire globe," and planned an investment of £7.5 billion over the next five years. “UP’s ‘swarnim yug’ (golden era), has begun,” he said.
According to Ambani, over 100,000 jobs would be created by the investment, which will mostly go towards Reliance Retail and renewable energy. He also added that Reliance Retail will revolutionise thousands of small shops and kiranas, enabling them to profit and expand more. It will also enhance the number of agricultural and non-agricultural items it sources. The highest renewable energy capacity in UP, 10 gigawatts, will be installed by Reliance coupled with a new bio-energy company.
Kumar Mangalam Birla, the chairman of the Aditya Birla Group, disclosed an investment of £2.5 billion. "Seeing UP transform over the past few years under the leadership of chief minister Yogi Adityanath and under the direction of PM Narendra Modi is encouraging for me as an investor. This reminds me of a speech by the prime minister that afterwards became very popular. He endorsed the state government by saying, "UP plus Yogi... bahut hain ab Upyogi."