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ITC proposes investment worth over Rs 1,100 crore in UP

Press Trust of India  |  Lucknow 

ITC today met at his official residence here and proposed investments worth over Rs 1,100 crore in the state.

An UP today said that during his meeting with the UP chief minister, Puri proposed investments in and consumer goods, and establishment of a logistics hub in Ghaziabad worth more than Rs 1,100 crore.

The ITC also praised the investment promotion and industrial development policies of the state government, and said that his company is willing to expand its business activities in the state.

Speaking on the occasion, Adityanath said the state government is making every effort to encourage 'ease of doing business'. Policies pertaining to different sectors have been implemented, in which there are attractive provisions for establishing industries.

He said that influenced by these facilities and developmental works, the investors are considering UP as an ideal state for investment.

The also invited Puri to participate in the two-day Investors' Summit to be held in beginning February 21.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, February 10 2018. 20:55 IST