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Mahindra Group reveals big ticket investment plans in UP

Chairman of Mahindra Group, Anand Mahindra called on UP Chief Minister Yogi Adityanath in Lucknow on Monday and announced that the Club Mahindra will expand its tourist places to tap the tourism possibilities in the State.

Anand Mahindra said that the Mahindra Group was keen to set up a unit in the State to manufacture farm machines with an enhanced effort to incorporate technology in the agriculture sector.

Appreciating the electronic vehicle policy of the State, he said that the Mahindra Group was working on a plan of big ticket investment in the EV sector. “From this point of view, UP is our first choice. A detailed action plan is being prepared for this,” he added.

In the light of the upcoming Global Investors Summit, investment proposals from the Group in Uttar Pradesh were also discussed during the meeting.

The Chief Minister said that the Mahindra Group has expertise in various sectors including aerospace, agribusiness, automotive components, construction equipment, defence, energy, agricultural equipment, finance and insurance, industrial equipment, information technology, hospitality, logistics, real estate, retail and education.

Yogi said, “keeping in mind the needs and expectations of the industry, we have prepared our policies and the State has a huge land bank and open power access.”

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