The Uttar Pradesh Government is hoping the proposed ‘Global Investors Summit’(GIS) scheduled in January 2023 will play a major role in achieving the ambitious target of making the State a one-trillion-dollar economy by 2027. In the run-up to the GIS-2023, many departments of the State Government are upgrading the policies and will bring new rules for the purpose of getting more foreign direct investment. “The Global Investors Summit (GIS) will play a major role in achieving the target set by CM Yogi Adityanath to make the State, a one trillion-dollar economy, we are working to bring more and more foreign investment,” said Arvind Kumar, Infrastructure and Industrial commissioner.
The State Government had also written letters to the Indian External Affairs Ministry, 93 Indian embassies and foreign organisations requesting them to help the State for the GIS-2023 and to figure out the sectors and industries abroad from where the investment could come in U.P. The State Government said that it had received an investment worth more than ₹50,000 crores in the last five years from foreign investors.
In the run-up to the Global Investor’s summit (GIS)-2023, the State Government will send multiple delegations led by the Cabinet Ministers on tours of at least 17 countries including the United States of America (U.S.A.), United Arab Emirates (UAE), Canada, Sweden, Singapore, France, Germany, South Korea, Mauritius, Russia and Australia to showcase the State as an ‘investment hub’ and the delegations will organise roadshows and other events to create a conducive environment for the summit.
