noida the city is aiming to secure an ambitious rs 2 lakh crore as investments in the up global investors summit that will kick off in lucknow on february 10 2023the threeday flagship event set to conclude on february 12 is expected to bring under one roof policy makers corporate leaders business delegations and government officials to explore business opportunities and partnershipsgautam budh nagars target accounts for onefifth of the states total investment target of rs 10 lakh croreanil kumar the districts deputy commissioner industries said these investments will help up become a 1 trillion economy in the next five years an ambitious target declared by the yogi adityanathled state government the uttar pradesh government has set a target of attracting investment intents worth rs 10 lakh crore at upgis 2023 gautam budh nagar has a target of rs 2 lakh crore the three development authorities in the district noida authority gnida and yeida have been given targets to attract rs 60000 crore in investment each the remaining target is for the msme department up state industrial development authority we have started seeking investors intent kumar said on fridayinterested investors will have to log in to the nivesh sarthi website investupgovin on which they will have to give their details and share a brief summary of their projectsthe summary by the companies should include a brief about the company proposed investment expected employment opportunities and the date of commencement for the planned district officials will verify the details and then facilitate the process kumar said on fridayat the up investors summit sector specific knowledge sessions networking meets innovation exhibitions with a display of global techproducts art as well as craft representation from uttar pradesh and cultural programmes will be organisedthe investors have been divided in four categories those with capital investment from rs 50 crore to rs 200 crore large investment between rs 200 crore to rs 500 crore mega rs 500 crore to rs 3000 crore super mega and above rs 3000 crore ultramegapreferential land allotment on fasttrack basis will be given for investors in the super mega and above categories the government will also give 50 exemption in stamp duty for land in gautam budh nagar and ghaziabadaccording to the policy document industries dealing in food processing defence as well as aerospace manufacturing electronics pharmaceutical handloom and textile startups electric vehicle manufacturing solar msme and film making will be given prioritythe first up global investors summit was held in 2018 when mous memorandum of understanding totalling rs 4 lakh crore had been signed