Uttar Pradesh roadshow in Bengaluru secures Rs 50,000 crore investment pledges
Uttar Pradesh's investment roadshow in Bengaluru concluded with pledges totaling Rs 50,000 crore, according to state officials. The investments are expected to boost industrial development, Global Capability Centres (GCCs), electronics manufacturing, and logistics, while generating large-scale employment opportunities across the state.
Key sectors and expected impact
The pledged investments span multiple sectors including electronics manufacturing, IT and IT-enabled services, automotive, and logistics. Officials highlighted that the roadshow specifically targeted Bengaluru's strength in technology and innovation to attract GCCs and high-tech manufacturing units.
"These investments will create thousands of direct and indirect jobs, particularly in electronics and IT sectors," said a UP government spokesperson. The state aims to leverage its strategic location and policy incentives to become a major manufacturing hub.
Strategic focus on Global Capability Centres
A significant portion of the pledges is directed towards establishing Global Capability Centres (GCCs) in UP, leveraging Bengaluru's expertise. The state government has offered streamlined approvals and land banks to facilitate quick setup.
According to industry sources, companies are attracted by UP's large domestic market and improving infrastructure. The roadshow witnessed participation from over 200 companies, including major tech firms and manufacturers.
Employment generation and logistics boost
The investment pledges are expected to generate direct employment for over 50,000 people, with additional indirect jobs in logistics and supply chains. UP's logistics policy, offering subsidies for warehousing and cold chains, was a key draw for investors.
"We are committed to making UP a preferred destination for investment," said a senior state official. The roadshow is part of a series of events planned to attract investments ahead of the upcoming Global Investors Summit.
