The Uttar Pradesh government secured contracts with investors during Lucknow’s Global Investor Summit. Preparations for bringing the projects to success have now begun. At least 452 contracts have been signed by the Noida Authority, and it has finished preparations to bring investors’ projects to fruition under 302 contracts, accounting for 83.68 percent of the objective.
On Tuesday, Dr Lokesh M, CEO of the Noida Authority, sent its account to Chief Minister Yogi Adityanath. it is noteworthy that after carrying out projects worth Rs 75310 crore, almost 3,52,993 youngsters would have new job opportunities.
The state government is always seeking to encourage investment. A Global Investor Summit was held in February to address this. The Noida Authority signed 452 contracts with the government totaling Rs 103374 crore as part of this scheme.
This investment was expected to create 441,179 jobs in Noida. The Noida Authority has already begun finishing preparations for the investors’ projects to be implemented in accordance with the contract.
On the other side, the administration has begun to prepare to send a message to the state’s people by arranging a major Ground Breaking Ceremony (GBC), also known as Bhoomi Pujan, for these projects.
Status of Noida Authority under Global Investor Summit
- Total Contracts: 452
- Proposed investment: Rs 103,374 crore
- Proposed Employment: 441179
- GBC Target: Rs 90,000 crore
- GBC Ready Project: 75310 Crore
- Target achieved: 83.68 percent
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“Efforts are being made to bring the projects of the investors who were allotted land under the contract on the ground as soon as possible, and to a large extent, success has been achieved,” said Dr Lokesh M, CEO, Noida Authority.
