UAE-Based Indian Firms To Invest USD 3.6 Billion In UP
DUBAI: Five leading Indian-owned businesses in the UAE will invest over USD 3.68 billion in infrastructure and industrial development initiatives in Uttar Pradesh after an MoU was signed in this regard during an investment forum held in Dubai.
The move comes after UP Chief Minister Akhilesh Yadav had launched an ambitious programme to boost all-round development of the state by attracting NRI investments from across the globe, especially from the Middle East.
The UAE-based Indian companies signed a Memorandum of Understanding with the state government which was represented by a high-level delegation of officials who visited the UAE on Thursday.
The names of the investors will be announced by the UP government in the coming weeks.
The companies pledged to invest in the state's ...