Essel Infraprojects Ltd pledges Rs 18,750 Cr for Uttar Pradesh at UP Investors Summit 2018
New Delhi, Feb 22 (IBNS): Essel Infraprojects Limited (EIL) an enterprise of Subhash Chandra led Essel Group, committed an investment of INR 18,750 Crores for the development of infrastructure in the state of Uttar Pradesh.
EIL inked Memorandum of Understanding to this effect at the UP Investors Summit in Lucknow on Wednesday.
Congratulating the UP Government and the Chief Minister Yogi Adityanath, Member of Parliament, Rajya Sabha and Chairman – ZEE & Essel Group, Subhash Chandra said the event had opened up the state to the global audience.
“Compared to any other state, Uttar Pradesh has a huge potential to attract investments with its natural resources and human resources and under the able leadership of Shri Adityanathji, we can already see the signs of transformation,” said Chandra.
He also added that the company’s investment through these MoUs will generate more than 54000 employment activities.
Essel Infraprojects Limited, through these MOUs, will cover sectors like energy, roads and tourism. Effort will be to improve power transmission and distribution in the state and also to bring in the company’s expertise in expressway Development and other road projects. Essel has also pledged to invest in projects of waste management, 24x7 water supply and smart cities.
The company has also prepared a vision document for the Smart City Governance Framework and Revenue Model for Integrated, Inclusive and Sustainable Smart Cities in India.
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