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Ground breaking ceremony in UP: The first ground-breaking ceremony, marking the beginning of the implementation of the MoU signed during the Global Investors Summit in February in Lucknow, the capital of Uttar Pradesh, is scheduled to be held in September or October this year.
The government has spent about 200 crore rupees so far. Rs. More than 5,000 MoUs have been shortlisted for an investment of Rs 8 lakh crore, which will be included in the programme. An official said around 1,200 investors had withdrawn their estimated Rs. will attend the groundbreaking ceremony of the 72,000 crore project.
A presentation by Invest UP to Chief Secretary DS Mishra on Thursday said the government will initially invest Rs 200 crore through the foundation stone ceremony. It was targeted to complete projects worth over 10 lakh crores.
According to information available with Invest UP, there are around 1,200 investors who have lined up their projects for the groundbreaking ceremony. The total cost of these projects is around Rs 72,000 crore. All the blocks have been given targets for the next operations.
After signing the relevant MoUs with their departments, they will be able to shortlist those ready for grounding by September, a government spokesperson said. The UP State Industrial Development Authority will receive a maximum of Rs. An investment target of 1.6 lakh crore has been given, of which Rs. Till now Rs. 224 MoUs worth over Rs 82,000 crore have been shortlisted.
UP New and Renewable Energy Development Agency has allocated Rs. For MoU Rs. 1.35 lakh crore has been shortlisted, while the Urban Development and IT and Electronics departments have been given Rs. 1.06 lakh crore Rs. 1.02 lakh crore projects have been shortlisted. All three were given a target of Rs 1 lakh crore.
