Groundbreaking ceremony set to propel investments across 25 sectors in UP

• The Groundbreaking Ceremony (GBC) 4.0 in Uttar Pradesh aims to kickstart nearly 14,500 projects valued at ₹10.11 lakh crore across various sectors
• Investments are expected to span 25 sectors, including renewable energy and information technology, with 325 projects exceeding ₹500 crore each
• INVEST UP, the state government's investment promotion agency, has played a pivotal role in facilitating investments

Prime Minister Narendra Modi set to perform 'bhoomi pujan' at the Groundbreaking Ceremony (GBC) 4.0 on February 19, held at the Indira Gandhi Pratisthan (IGP), the event is poised to catalyze investments in Uttar Pradesh. Nearly 14,500 projects, valued at ₹10.11 lakh crore, are slated for implementation across various sectors, including renewable energy and information technology. The ceremony signifies a significant step towards economic development, with 325 projects surpassing ₹500 crore each, showcasing the state's commitment to fostering growth and prosperity.

The state government has constantly interacted with the investors after signing the MoUs through the Uttar Pradesh Global Investors Summit-2023. The state government had recruited 105 Udyami Mitras (friends of investors) to keep in touch with the investors and they were posted in various development authorities too to get the issues concerning the investors resolved.

“The Udyami Mitras have been helpful in handholding of the investors,” said the officer, adding the Nivesh Mitra portal has been the single window clearance system for all the investors to bring the investment to the ground. The state government had also set up at least six country desks to keep in touch with the investors in the USA, Europe or in other countries. It also has eight support units each coordinating with some departments.