Sweden likely to invest 150,000 million in UP
ECONOMY & POLICY

Sweden likely to invest 150,000 million in UP

Swedish businesspeople are interested in making investments in Uttar Pradesh totaling 150 million euros. According to a statement, the business intentions were submitted at the Stockholm Investment Roadshow on Wednesday.

Swedish corporate houses were invited to the United Provinces' Global Investors Summit in 2023 by Industries Minister Nand Gopal Gupta and Public Works Minister Jitin Prasada, who were leading a delegation of the state government there.

"UP has been chosen by Sweden as the location of its investment in India. At the roadshow, investment intentions were registered for waste management, Film City, retail, and tourism, according to the statement. Ikea submitted a notice of intent to expand its business in Uttar Pradesh, announcing plans to invest $43,000,000,000 in the construction of luxury malls and retail stores, including those in Noida.

Serneke, a Swedish construction business, announced plans to invest 10,000 crore in the Uttar Pradesh Film City project.

Six Memorandums of Understanding totalling 1,200 crore in investments were signed at the same time in Vancouver, Canada. A memorandum of understanding for the establishment of nurture start- ups in Uttar Pradesh was inked during a meeting between the UP government delegation and iCreate founder Parag Amin in New York.

Arvind Kumar, commissioner of infrastructure and industrial development, claimed that UP had grown in popularity as an investment location. Awanish Kumar Awasthi, the chief minister's advisor, stated, "If you are not doing business with UP, then you are missing out on the potential of the largest state in India.

Swedish businesspeople are interested in making investments in Uttar Pradesh totaling 150 million euros. According to a statement, the business intentions were submitted at the Stockholm Investment Roadshow on Wednesday. Swedish corporate houses were invited to the United Provinces' Global Investors Summit in 2023 by Industries Minister Nand Gopal Gupta and Public Works Minister Jitin Prasada, who were leading a delegation of the state government there. UP has been chosen by Sweden as the location of its investment in India. At the roadshow, investment intentions were registered for waste management, Film City, retail, and tourism, according to the statement. Ikea submitted a notice of intent to expand its business in Uttar Pradesh, announcing plans to invest $43,000,000,000 in the construction of luxury malls and retail stores, including those in Noida. Serneke, a Swedish construction business, announced plans to invest 10,000 crore in the Uttar Pradesh Film City project. Six Memorandums of Understanding totalling 1,200 crore in investments were signed at the same time in Vancouver, Canada. A memorandum of understanding for the establishment of nurture start- ups in Uttar Pradesh was inked during a meeting between the UP government delegation and iCreate founder Parag Amin in New York. Arvind Kumar, commissioner of infrastructure and industrial development, claimed that UP had grown in popularity as an investment location. Awanish Kumar Awasthi, the chief minister's advisor, stated, If you are not doing business with UP, then you are missing out on the potential of the largest state in India.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?