Foreign-based entrepreneurs and industry groups on Tuesday lauded strong infrastructure, ease of doing business, and investment-friendly environment in  the state. Representatives of various industry groups expressed their views during the UP: An Emerging Destination for Foreign Investment in India conclave on the second day of the fourth edition of ground-breaking ceremony(GBCIV) here on Tuesday. Chairman of Lulu Group MA Yusuf Ali, Vice-Chairman of Sharaf Group Major General (Retd) Sharafuddin Sharaf, Managing Director of Air Liquide Benoit Renard, CEO of Dorna Carmelo Espeleta and representative of Greenko Group were prominent among those who appreciated the excellent investment environment in the state. MA Yusuf Ali said: Foreign investment has excellent investment potential in many sectors, including food processing. Investors look for four things before investing: visionary leadership, resources, good infrastructure, and ease of doing business. We have all these things available in India and Uttar Pradesh. Major General (Retd) Sharafuddin Sharaf said: Whether it is an individual, a family or a society, they are ready to invest when they are completely assured of good returns. Our relationship with India and UP will prove to be a milestone. This is because we treat each other like a family. Whenever needed, we got the required support from India and UP for our decision to invest in a venture. On behalf of Air Liquide Group, I would like to express our strong commitment towards progressive investment in India in the coming years, Benoit Renard said. Carmelo Espeleta appreciated the opportunity provided by the UP government to host an important event like MotoGP India, which created 12,000 employment opportunities. Eighty per cent of the spectators came to watch the event in UP from outside. In particular, 5,000 international staff and journalists participated from abroad. The year 2023 was an important milestone for MotoGP, he stated. The representative of Greenko Group said, We are a new company in the green energy sector. We have been successful in producing 10 gigawatts so far. Till now, we have invested $12 billion in various states of the country. For the first time, India is transitioning from an energy importing country to an energy exporting one. We have facilitated a total of eight pumped storage-based projects in different states. He expressed happiness that while in other states it takes at least 2 to 2.5 years to clear the first approval stage, Uttar Pradesh is the first state to get them this approval within six months. This investment will not only make India self-reliant but also make UP a leader in green energy, he pointed out.

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