Investment Summit..Mahakumbha of investments

Business summits are held in states where a festival is being celebrated, how many crores of MoUs have been signed are proudly announced.

Industries capable of providing employment to 92 lakh people have shown readiness for an investment of 32 lakh crores. For that there have been about 18000 MoUs in various fields

Investment summit held in Assam has resulted in 200 MoUs guaranteeing investment of 15.6 billion US dollars. Despite the fact that there is not as much investment coming in as the MoUs, investors know how much they want

E investment summit season seems to be underway. Currently, the investment summit in Uttar Pradesh is under wraps. Every chief minister is talking to big companies to get investors from reputed companies in their state. The idea of ​​business summit is to offer every small and big companies, big companies are ok but small companies also hold meetings together.

Business summits are held in states where any festival is being celebrated. How many crores of MoUs have been made is proudly announced. Despite the fact that there is not as much investment coming in as the MoUs, every state every two years starts attracting investors and attracts some investment.

Business people and companies also look at how many facilities the states provide and take decisions based on what will benefit them. In such deals, most of the time the hands of the companies are up and the list of many facilities given to the companies behind the scenes is never known.

Big companies list their required facilities and show readiness to set up factories in that state once they are completed. Every state very clearly believes that if one big company comes to the state, other companies will follow it and due to this the prosperity of the state will increase and employment will also increase.

Once the image of the state gets bad, big companies are not ready to set foot there. For example, West Bengal and Bihar can be taken. Even if the government provides many facilities, no company is ready to invest there. The riots in West Bengal's Singur for the land of the Tata-Neno project and the subsequent shift of the entire project to Gujarat have been frequently mentioned.

Currently, the situation is that the Chief Minister of West Bengal goes to Ambani's house and requests to set up a unit of Reliance in the state. His forays into Mumbai to get business resulted in political rallies. An investment summit is also held in West Bengal and top businessmen participate in it. It is not that there are no industries in West Bengal but Mamata Banerjee cannot create an environment of industries there.

Employees vandalized the company's factory near Bengaluru that assembles Apple's phones and caused a loss of 400 crores. Everyone thought that Apple would close down the factory but Apple kept the business environment in Karnataka and today it manufactures most of the smart phones in India.

Small businesses seek a number of guarantees from states, chief among which is that local people and politicians should not be manipulated.

Every industry wants its own security and light taxation etc. The burden of taxes ultimately falls on the buyer but factory riots etc. damage the company's production. Industries that want to grow cannot face bully from local people.

Political ties with businessmen like Ambani, Adani may be criticized on political platforms, but no chief minister of a state can run without relations with big businessmen. An MoU worth one trillion rupees was signed in Uttar Pradesh even before the Global Investment Summit. Uttar Pradesh is the only state to have four international airports. Every state is adopting Gujarat's vibrant model to learn how to attract investors on one platform. Top companies and foreign companies have set up business in Gujarat because of Vibrant.

Uttar Pradesh had road shows in 16 decades. Chief Minister Yogi Adityanath also held a business meeting in Mumbai last month to meet investors at the local level. The project to shift Bollywood from Maharashtra to Uttar Pradesh is also attracting a lot of attention.

Both Gujarat and Rajasthan are the center of attraction for investors. According to a report by the Center for Monitoring Indian Economy (CMIE), there has been a 273 percent increase in new investments in Gujarat in the financial year 2022. Rajasthan is second in attracting new investments.

The Chief Minister of Uttar Pradesh said that MoUs worth more than 32.92 trillion rupees have been signed in the current business summit. Every head of state knows that we are bright with eminent industrialists and investors. If big industries come in the state, the number of employment will increase.

Recently, an investment summit was held in Assam at the beginning of February, in which 200 MoUs were signed, guaranteeing an investment of 15.6 billion US dollars.

Each state says for its pro-business campaign that Gujarat means business, Rajasthan means business, West Bengal means business, etc. In short, awnings have to be built to get business and investors have to be given more facilities than other states.

...so employment to 92 lakhs

Uttar Pradesh Chief Minister Yogi Adityanath announced that Urdyoga, which can provide employment to 92 lakh people, has prepared for an investment of 32 lakh crores. For that, about 18000 MoUs have been signed in various fields. Companies have also shown interest in investing in backward areas like Boondelkhed in eastern Uttar Pradesh. It can be said that investments are raining in Uttar Pradesh.