Austin University to invest USD 42 bn for a smart city project in Uttar Pradesh – ThePrint – ANIFeed

San Francisco [US]December 18 (ANI): In preparation for the Uttar Pradesh Global Investor Summit, on Sunday, Uttar Pradesh government officials, along with officials from the University of Austin, announced a plan to build a “Smart City of Knowledge” project in the state. signed the contract. US$42 billion investment.

The agreement was signed between the state of Uttar Pradesh and officials from the University of Austin, Texas, including Austin University President Ashraf Al Mustafa.

Uttar Pradesh Minister Suresh Khanna, former Minister Sidhart Nath Singh and Deputy Secretary for Infrastructure and Industrial Development Arvind Kumar were present.

The investment will be made in installments, with the first installment of US$7 billion being released, after which the rest will increase accordingly.

“It will be the UP. This is a US$42 billion project built on 5,000 acres of land. The best university will emerge within the project. I hope so,” said University of Austin President Ashraf Al-Mustafa.

In another development, Uttar Pradesh signed a MoU with the US-based Saloni Heart Foundation in San Francisco. UP Min Suresh Khanna and his Deputy Secretary for Infrastructure and Industrial Development Arvind Kumar were present at the deal signing. The delegation also included former minister SN Singh and his adviser to CM Awanish Awasthi. The state government, together with the US-based Saloni Heart Foundation, will build a hospital that will serve as a center of excellence for treating children suffering from complex heart conditions in Uttar Pradesh and surrounding states. The investment amount is undecided for the time being.

In November, the opening ceremony of the Uttar Pradesh Global Investors Summit was attended by national and international industry luminaries, industry association representatives and representatives of several public sector companies.

Uttar Pradesh will hold a summit in Lucknow from 10-12 February 2023, UP Chief Minister Yogi Adityanath said at a curtain raiser event.

“Uttar Pradesh is now at the apex of a journey of progressive transformation under the leadership of Prime Minister Narendra Modi. Uttar Pradesh has set a US$1 trillion target following the Prime Minister’s plan to grow India’s economy to US$5 trillion,” he said.

The Prime Minister said the upcoming summit would help provide a unified platform to global industries for cooperation in economic development. (Ani)

This report is auto-generated from the ANI News Service. ThePrint takes no responsibility for its content.

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