GVK Group evinces interest in Jewar International Airport in UP

Lucknow: Several leading business investors have shown keen interest in Uttar Pradesh, significant being GVK Group desires to invest in upcoming Jewar International Airport and Power Sector.

The UP government received such encouraging feedback during the third roadshow in Hyderabad on Tuesday in the series of several roadshows being organised to attract investments in the State. The roadshow was spearheaded by a delegation led by UP Industrial Development Minister Satish Mahana and comprised of senior bureaucrats UP Infrastructure and Development Commissioner Dr Anup Chandra Pandey, Additional Chief Secretary, Department of IT & Electronics Sanjiv Saran, Principal Secretary, Khadi & Village Industries Navneet Sehgal and CEO of Greater Noida Debashish Panda and several senior officers.

The roadshow was attended by over 200 decision makers from organisations like Micromax, Musaddilal Projects Ltd., HP, Dr. Reddy’s, Aurobindo Pharma, Apollo Hospitals, Tech Mahindra, Celkon Mobiles, Dodla Dairy, etc . PV Prasanna Reddy, Whole-Time Director, GVK Power & Infrastructure Limited was also present at the event. Prasanna Reddy of GVK group expressed interest to invest in upcoming airports, specially Jewar Airports, GVK group has already constructed Mumbai and Bangalore airports and they have already been awarded work of Navi Mumbai International Airport.

It was followed by B2G meetings with top industrialists from corporations like Micromax, HP, Dr. Reddy’s, Aurobindo Pharma, Apollo Hospitals, Tech Mahindra, Celkon Mobiles, Dodla Dairy, Centum etc. and several others. During the B2G meetings the companies expressed their willingness to invest in the state and were also briefed by the delegation on the opportunities and potential offerings of the State.

Also Read: ‘UP Investors’ Summit 2018’: Yogi rolls out red carpet for investors

Welcoming investments across all the focus sectors of the state like IT, electronics, manufacturing, food processing, energy, textiles etc., UP IIDC Anup Chandra Pandey laid his emphasis on the recently launched MSME policy of Uttar Pradesh. He said that since MSME is the backbone of Indian economy and Uttar Pradesh is home to the 2nd largest MSME base in the country, the State Government envisages to strengthen the sector in order to gain competitive edge and create mass employment opportunities. It may be noted here that the recently launched MSME policy of the Uttar Pradesh offers attractive incentives like land at subsidised rates, exemption from stamp duty, EPF reimbursements and financial support in preparing detailed project reports for MSMEs set up in the state.

It may be highlighted here that the Government of Uttar Pradesh is organising the UP Investors’ Summit 2018 on February 21 and 22 at Lucknow. The 2 day Summit would focus on showcasing investment opportunities in the state and provide an opportunity to understand the potential and offerings of the state of Uttar Pradesh in sectors like Agro & Food Processing, IT & Start-up, Electronics, Civil Aviation, Micro, Small & Medium Enterprises, Tourism, Renewable Energy, Textile, Film, and Dairy.

The Government of Uttar Pradesh will be organising the next roadshow at Mumbai on December 22 where the UP Chief Minister Yogi Adityanath is also expected to be present.