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Friday, 13 June 2014

Essel, Reliance Jio, Fortis Healthcare, 17 others to invest Rs. 39,000 crore in UP, Know Why?



At an Investors' Conclave in Uttar Pradesh, Subhash Chandra-led Essel Group signed a Memorandum of Understanding to invest Rs 20,000 crore in areas like urban development and distribution of power; Mukesh Ambani's Reliance Jio pledged Rs 5,000 crore outlay for implementation of 4G network.

FMCG major ITC plans to invest Rs 2,100 crore in various sectors; Fortis Healthcare promised Rs 800 crore outlay for setting up three 250-bed hospitals each at Kanpur, Lucknow and Greater Noida. Amity Group pledged Rs 2,000 crore investment for setting up an educational complex in Kanpur. Uflex promised Rs 4,000 crore for setting up a 300 MW solar park in Bundelkhand region. Investment of Rs 2,200 crore was committed by JVL Agro Industries in agro and food processing sectors. River Engineering plans to set up an air taxi base for Rs 350 crore.

Read More at Deccan Chronicle
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