Yogi directs Invest UP officials to strictly verify credentials of startups before finalising high-value MoUs in future, it is learnt. MoU with startup founded in 2025 had sparked a row.
MoU with Bengaluru-based Puch AI has garnered a lot of attention, with SP alleging ‘people from BJP may be involved who could be investing money in that company behind the scenes’.
UP plans to develop a 500-acre ‘Japan City’ in the Yamuna Expressway Industrial Development Authority area and a ‘Singapore City’ near the Noida International Airport.
Prakash has been suspended as CEO of Invest UP for allegedly demanding a bribe for a solar project contract. The 2006 batch officer has held several key positions in UP administration.
According to a senior UP police officer, Jain had a habit of name-dropping and used his family connections to network with people and get through to senior govt officials.
In FY 2025-26, AoN for 55 proposals amounting to Rs 6.73 lakh cr has been accorded by DAC. Both the quantum of AoN given and capital contracts signed, so far, have been the highest in any FY.
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