ITC’s 2000cr Food, Solar foray in UP. Biz Roadshow May Also See TIL’s Plant Promise In G Noida.
The Kolkata roadshow is the fifth of six roadshows to invite investors to a mega investors’ summit to be held in Lucknow on Feb 21-22, 2018. CM Aditya Nath Yogi attended the Mumbai roadshow
In a meeting with industries minister Satish Mahana in Kolkata on Thursday, ITC has expressed interest in investing Rs 2,000 crore in a food processing plant and a solar power plant in Uttar Pradesh. Tractors India, too, has agreed to invest in heavy machines and defence equipment plant in Greater Noida.
The meeting with the investors took place on the sidelines of an investors’ roadshow that is scheduled to be held in Kolkata on Friday. Infrastructure and Industrial Development commissioner Anup Chandra Pandey said that ITC CEO Sanjiv Puri and Tractors India managing director Sunil Chaturvedi held discussions with the minister about investment opportunities in UP and committed to setting up various facilities in the state.
The roadshow in Kolkata is the fifth of six roadshows to be held across India to invite investors to a mega investors’ summit scheduled to be held in Lucknow on February 21-22, 2018. The last roadshow will be held in Ahmedabad on January 18 where the industries minister is scheduled to meet representatives of the Adani Group, among other potential investors. Roadshows have also been held in Delhi, Mumbai, Hyderabad and Bengaluru. Chief minister Aditya Nath Yogi attended the event in Mumbai.
Officials said that Friday’s event was expected to be attended by representatives of Thermax Ltd, Charnock Hospitals, Techno Electrics, L&T, Seahawk Shipping, India Power Cell, Dental World, Indo Net Technology, Shyam Steel Ltd, Amit International, ITC etc. Several other business houses from West Bengal and the northeastern states were also expected to be present.
A UP government official said: “The main objective of these road shows is to ensure a grand success of the UP investors’ summit in February. The summit, which aims at achieving an investment of Rs 1 lakh crore, is likely to be attended by eminent industrial houses and investors, including many from foreign nations like Finland and Netherland.