Investment worth Rs 2-3L cr likely in UP by year-end: Assocham

Uttar Pradesh attracted an investment of Rs 6.9 lakh crore in last two years and an additional sum of Rs 2-3 lakh crore is expected by the end of this year, industry body Assocham has said.
Releasing the chamber's report titled "UP: Inching towards double digit growth", Uttar Pradesh Chief Minister Akhilesh Yadav asked the industry body to give more suggestions to the state government on improving its policies.
Yadav said industrialists, who were earlier shy of coming to UP, are now willing to invest in the state.
He said investor confidence has also increased and if the state continues to progress like this, it would set an example for others.

Meanwhile, Yadav announced giving Rs 5 lakh to Himanshu Garg, a student from Agra, who has developed a technique in which a two-wheeler would not start if a person is not wearing a helmet or is in an inebriated condition.
The CM also announced setting up an "Innovation Fund" to promote such activities.

Assocham chairman Lalit Khaitan said that UP has made several remarkable achievements on development front, which has been highlighted in studies conducted by various independent agencies and even the industry body.
The chamber's secretary General D S Rawat said studies reveal that the state has made surprising progress in agriculture, infrastructure, construction, small industries, power, education, health, realty and other sectors.

Besides, it is the best time for UP to get investments from China as during a recent meeting, the Chinese Ambassador has shown interest in investing in the state, he added.