Investment in Uttar Pradesh Experiencing a Significant Surge | 14 Feb 2024

Why in News?

The Prime Minister of India will perform “bhoomi pujan” to bring an investment of ₹10.11 lakh crore to ground at the Groundbreaking Ceremony (GBC) being organised at the Indira Gandhi Pratishthan (IGP) in Lucknow from 19^th to 21^st February, 2024.

Key Points

• The projects involve more than 14,000 units in various sectors such as non-renewable energy, information technology, automobile, and film city.
• This is going to be a quantum leap in terms of investment from ₹60,000 crore at the first groundbreaking ceremony held in Lucknow on July 29, 2018 to ₹10.11 lakh crore now.
• The state government has also prepared an exhibition on Artificial Intelligence (AI), featuring a team from ETH Zurich University, Switzerland.
• The film city project, which will be set up in over 230 acres of land with an investment of ₹ 1,500 crore, is one of the most attractive investments in the state.