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₹17,000 crore foreign investment proposals amid COVID: Officials

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Uttar Pradesh has received foreign investment intents worth over ₹17,000 crore from various companies during the COVID-19 pandemic, government officials said on Thursday.

Overall, the state got 96 investment intents, including proposals from domestic as well as foreign entities, since April 2020 worth around ₹66,000 crore, they said.

UP Industries Minister Satish Mahana said the foreign investors include some big-ticket projects from countries like the US, the UK, South Korea, Japan, France and Germany.

The Cabinet minister, while speaking to a group of journalists, credited the BJP government's “pro-industry" policies for helping the state reach the second rank in the country in terms of ease of doing business.

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