The two-day Investors’ Meet starting from February 21 was likely to infuse new life in Health sector of Uttar Pradesh as government was expected to sign 27 Memorandum of Understanding (MoU) with pharmaceutical and healthcare companies inviting an investment of Rs 6,362 crore.

“This investment will not only bring a turnaround in the healthcare and pharmaceutical sector but will also help in generating jobs in different parts of the state,” Health Minister Sidharthnath Singh said in a written statement issued here on Monday. He said that investors have proposed to pump in Rs 5378 crore in healthcare sector while Rs 984 crore will be invested in the pharmaceutical sector. The total proposed investment in the health sector is likely to be Rs 6362 crore,” he said.

The minister said that new healthcare units will come up near Yamuna Expressway, Noida, Greater Noida, Lucknow, Mathura, Ghaziabad and Moradabad. “Similarly, new pharmaceutical units are proposed near Lucknow, Moradabad, Noida, Jhansi, Hamirpur, Sitapur, Kushinagar, Lakhimpur-Khiri and Meerut,” the minister said adding that the healthcare sector will provide jobs to around 37,000 people while 13,000 people will get employment in pharmaceutical sector.
He said that after this Investor’s Meet, UP will emerge as a Brand and investments will come in all the sectors.