UP to hold 2nd ground breaking ceremony for Rs 65,000 cr projects on Sunday

The Uttar Pradesh government will hold the second ground-breaking ceremony for projects worth Rs 65,000 crore, for which MoUs were signed during the UP Investors' Summit last year, here on Sunday, officials said.

Union Home Minister Amit Shah will inaugurate the ceremony, an official release said.

The state government would also hold sessions, a CEO round table and B2G meetings during the event to discuss issues related to various sectors.

The Group CEO of e-commerce major Flipkart, Kalyan Krishnamurthy is also expected to attend the event, officials said.

Flipkart, which was acquired by the US retail firm Walmart last year, is keen on collaborating with the MSMEs and local artisans, they said.

Besides collaborating extensively with the micro, small and medium enterprises (MSMEs), Flipkart is equally keen on ODOP and state artisans in Uttar Pradesh, Flipkart Group's Chief Corporate Affairs Officer Rajneesh Kumar told PTI.

The ODOP project is one of the key initiatives of the Yogi Adityanath government which seeks to promote traditional industries synonymous with their respective districts to spur the local economy and create jobs, Kumar said.

Krishnamurthy has described the ground breaking ceremony as a "stellar example of effective public-private partnership" which will go a long way in giving a boost to investor confidence in the state.

The state government during the investor meet in February 2018 had signed 1,047 initial agreements entailing proposed investment of Rs 4.68 lakh crore by private and public sector companies.

The state in July last year organised the first ground-breaking ceremony to mark the launch of industrial proposals worth Rs 60,000 crore.