U.P. signs pact for NRI investment

December 21, 2014 11:49 pm | Updated 11:49 pm IST - LUCKNOW:

To boost medical infrastructure in Uttar Pradesh, Chief Minister Akhilesh Yadav on Sunday signed a pact with a U.S.-based group, Tenacity, under SVADESH (Silicon Valley and Avadh’s Development for Entrepreneurial Services for Humanity), an investment initiative by NRIs that would connect the State government with the U.S. businesses and NRIs in Silicon Valley.

“The project is part of UP government’s initiatives to reform health sector...Like NRIs worked for development of Karnataka, it should be done here so that picture of the biggest State in the country can change,” Mr. Yadav said at the MoU signing event. In years to come, maximum work would be done in the health and IT sectors. The government would also spent major share of its Budget is these two sectors, he added.

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