Lucknow: The government has once again taken a big step in the development of Uttar Pradesh. This time, the UP government has signed an MoU with Sweden’s furnishing company IKEA. After the signing of the Memorandum of Understanding between the Noida Development Authority and IKEA at CM Housing in Lucknow, the Sweden company will now invest about Rs 5000 crore in Noida.
Please tell IKEA has taken about 12 acres of land in Sector 51, Noida. It is believed that development work will start soon. On this occasion, CM Yogi also congratulated IKEA on the Noida Authority. The CM said that on the occasion of the land transfer and lease deed legislation ceremony, we wish the two institutions the best. He said that he is very happy that large scale investment has started in Noida. Noida, Greater Noida, Yamuna Authority are one of the most important areas of the state. CN informed that the best investment proposals from around the world are now coming to UP.
IKEA will contribute to Noida development in this way
CM Yogi also said that he assures IKEA that it will bring a golden opportunity for the investment company. This investment is for that city. Where Asia’s biggest airport is going to be built. IKEA will not only build shopping malls, offices, hotels, retail outlets etc. in Noida but will also invest in many more cities of the state in the future.
UP becomes Investor’s first choice
CM expressed happiness that due to our transparent and systematic policies, UP has come into the eyes of national and international investors. The state has now become a center of attraction for investors from all over the world. UP has now come second in the ranking of Ease of Doing Business.