LUCKNOW: Gorakhpur, considered backward for decades, has emerged as a preferred destination for investors. In global investors summit 2023, the district attracted Rs 1.71 lakh crore investment—which is 5.93% of the total out of state.
Leading Purvanchal among all the 75 districts of the state in terms of raising investment, Gorakhpur overall stood at fourth position. Maximum investment commitment was made to Gautam Budh Nagar with Rs 7.85 lakh crore, followed by Agra with Rs 2.18 lakh crore and state capital Lucknow with Rs 1.96 lakh crore. Industrial districts like Ghaziabad received Rs 1.05 lakh crore worth of proposal, Kanpur Nagar 56,941 crore and Moradabad Rs 22,520 crore investment. While PM’s constituency Varanasi district attracted Rs 1.37 lakh crore of investment.
According to the state government, the massive investment in Gorakhpur is likely provide job opportunities to 1.97 lakh people. Apart from traditional industries involved in agro, many new sectors have also joined for investment in the district. For instance, for the first time investment has been proposed in green and renewable energy in Gorakhpur.
An MoU worth Rs 22,500 crore has been signed by M/s Avada Ventures Pvt Ltd to set up a Green Ammonia Plant in Gorakhpur. While RG Strategy Group signed an investment agreement of Rs 1,772 crore for setting up the Solar Energy Park. An MoU was signed by Rudra Gas Enterprises Pvt Ltd for an investment of Rs 200 crore for the Green Hydrogen Plant.
The other companies who have committed for investment in Gorakhpur were, RG Strategy Group for the paper mill project with an investment agreement of Rs 2,935 crore, Rs 1,800 crore from Indian Oil Corporation for LPG pipeline, Rs 1,400 crore from Artisan Agrotech for bamboo based product, Rs 1,200 crore from Cayan Distilleries for ethanol and distillery, and Varun Beverages for carbonated drink- fruit pulp plant (Pepsico’s franchisee) signed an MoU for investment of Rs 1,071 crore.
The district also received investment proposals on a large scale in the hotel and hospitality, residential projects, hospitals, heavy engineering etc. sectors.

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