The Uttar Pradesh government said it has received investment proposals worth Rs 7,000 crore from its Calcutta roadshow in the run up to the Global Investors Summit, scheduled to take place on February 10-12 in Lucknow.

A team of ministers and bureaucrats from UP were in the city to promote the state as an attractive business destination and interact with industries based in Bengal. Following the roadshow and follow-up meetings, organised with the help of industry body CII, the UP government said it has received interest from the fields of steel, green technology and foods among others.

Speaking at the roadshow, UP’s industrial development minister Nand Gopal Gupta ‘Nandi’ said the state has set a target to attract investment proposals worth Rs 17 lakh crore during GIS, which will be inaugurated by Prime Minister Narendra Modi.

“We received investment intent of Rs 7.12 lakh crore from overseas, and about Rs 8 lakh crore from Mumbai and Delhi,” Gupta said.

During his address, the ministers and bureaucrats showcased UP’s success in rapidly building infrastructure such as expressways, freight corridors, industrial parks and airports. They also repeatedly pointed out how the government of Yogi Adityanath has managed to establish good law and order in the state.

Minister Gupta also stressed on the generous incentive schemes formulated by the UP government to attract investors. Depending on various parameters, new units are likely to get land rebate, capital subsidy, SGST refund, stamp duty exemption, electricity duty subsidy, EPF reimbursement among others.