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UP Govt Bans Halal-Certified Products

The ban came after Chief Minister Yogi Adityanath took cognizance of the issue…reports Asian Lite News

The Yogi Adityanath-led Uttar Pradesh government took a decisive step against the illegal issuance of ‘Halal Certificates’, and issued an order on Saturday that forbade the production, storage, distribution, and sale of food products with the Halal certification with immediate effect, said a press release.

The ban came after Chief Minister Yogi Adityanath took cognizance of the issue, said the official statement.

According to the official release, strict legal measures will be implemented against any individual or firm engaged in the production, storage, distribution, buying, and selling of Halal-certified medicines, medical devices, and cosmetics within Uttar Pradesh. However, products manufactured for export will not be subject to the restrictions.

The press note further mentioned that the state government recently received information indicating that products such as dairy items, sugar, bakery products, peppermint oil, salty ready-to-eat beverages, and edible oils are being labelled with Halal certification.

Additionally, certain medicines, medical devices, and cosmetic products are reported to feature the Halal certificate on their packaging or labelling. However, there are no provisions for marking Halal certification on labels in the government rules related to drugs, medical devices, and cosmetics, nor is there any mention of Halal certification in the Drugs and Cosmetics Act, 1940, and its related rules.

Any direct or indirect mention of Halal certification on the labels of medicines, medical devices, or cosmetics constitutes falsification under the said Act, making it a punishable offence.

Similarly, according to the Act and rules applicable to food items, the Food Safety and Standards Authority of India, the apex body for food items, has been given the right to determine the standards of food items, based on which the quality of food items is ensured.

Halal certification, operating as a parallel system, creates confusion regarding food quality, violating government rules in this regard, said the press release.

Meanwhile, Uttar Pradesh Minister Sanjay Nishad, during the day, lauded CM Yogi for his dedication towards the development of the state and for keeping such conspirators and conspiracies like Halal certification in check.

“I want to thank the Chief Minister for his persistent efforts to make this state (UP) the best among all. Action is being taken against all the mafias, conmen and conspirators (under Yogi). You can see how they are deceiving by certifying products as halal. It is the misuse of words like ‘Halal’ and ‘Haraam’. There are some people who wear ‘jaalidaar’ caps and spew venom and mix it in people’s minds,” said Sanjay Nishad.

“So this government wants that in all Madrasa, schools and trust, proper education needs to be provided. Proceedings will be done against those who do conspiracies,” he added.

An FIR in this regard was registered in Lucknow Commissionerate last Friday.

According to the filed FIR, entities such as Halal India Private Limited Chennai, Jamiat Ulama-i-Hind Halal Trust Delhi, Halal Council of India Mumbai, Jamiat Ulama Maharashtra, and others exploited religious sentiments to boost sales by providing Halal certificates to customers of a specific religion. Illegal businesses are being run for financial gain.

The complainant raised concerns over a potential large-scale conspiracy, indicating attempts to decrease the sales of products from companies lacking the Halal certificate, which is illegal. There is apprehension that this unfair advantage is being passed on to anti-social/anti-national elements.

The complainant further alleged that, under the guise of religion, unrestrained propaganda is being disseminated within a particular section of society to discourage the use of products lacking a Halal certificate.

This, in turn, harms the business interests of other communities. Such a malicious attempt not only seeks unfair financial benefits by issuing Halal certificates for items meant for common citizens but also forms part of a pre-planned strategy to sow class hatred, create divisions in society, and weaken the country.

Many individuals beyond the owners and managers of the implicated companies are believed to be part of this criminal conspiracy, with potential links to anti-national activities. (ANI)

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Uttarakhand CM signs MoUs worth Rs 5450 c with industry groups in Dubai

CM Dhami also invited all the industrial houses for the summit to be organized in Dehradun on 8th and 9th of December….reports Asian Lite News

Uttarakhand Chief Minister Pushkar Singh Dhami on Tuesday held a meeting with representatives of various industry groups in the road show organized in Dubai for the Uttarakhand Global Investor Summit 2023, said an official statement from Chief Minister’s Office.

So far, investment MoUs worth Rs 5450 crore have been signed with various industry groups in Dubai in the presence of the Chief Minister, while meetings are going on with many other industry groups, added the statement.

CM Dhami also invited all the industrial houses for the summit to be organized in Dehradun on 8th and 9th of December. During this time, Cabinet Minister Dr Dhan Singh Rawat is also present along with CM.

Investment MoUs were signed with the Uttarakhand government and various industry groups. In which agreements were signed on investment of Rs 5450 crore with industry groups related to tourism, education, infra, and real estate. So far, Rs 2 thousand crores have been invested in Dubai with Sir Biotech and Hyatt India, Rs 950 crores with Carmilla Nutrition Technology Group for pharma production, Rs 800 crores with GTC Group, and Flow Conglomerate Group for investment in real estate, infra and tourism sectors, said the official statement.

An MoU of Rs 500 crore, Rs 700 crore for the manufacturing sector with Exley Group and an investment MoU of Rs 500 crore with Sharaf Logistics have been signed. Secretary Industries Vinay Shankar Pandey signed the MoU on behalf of the state government, read the official statement from CMO.

CM Dhami said that under the guidance of Prime Minister Narendra Modi, an investment-friendly system has been developed in Uttarakhand and a lot of work has been done in the field of infrastructure in the state.

CM further said that bilateral relations between India and the United Arab Emirates have become stronger than before. Bilateral trade between the two countries is growing at a rate of about 20 per cent. He said that a large number of NRIs are working in UAE. Uttarakhand is also keen to cooperate with you for the planned development of its cities and the establishment of new cities so that it can take advantage of your expertise in this field, as mentioned in the official statement.

The Government of Uttarakhand is always ready to provide all the basic necessary facilities to the investors in the state and especially in the last two years, it has made planned efforts towards attracting investment in the state. In this connection, to attract global investment in Uttarakhand in the month of December 2023.

The state of Uttarakhand has succeeded in creating a distinct identity for itself in India due to its progressive industrial promotion policies. Industrial electricity rates in the state are lower than in other states of India, and industrial harmony and excellent law and order in the state make it more special. Our state, being situated in the Himalayan region, is blessed with a diverse agricultural climate and is suitable for organic agriculture, said the official statement.

Various policies, schemes and facilities are being provided by the state government to provide a better environment for the establishment of food processing industries in the state. At present, two mega food parks and four food clusters have been built in Uttarakhand, which are working at their full capacity.

Uttarakhand Cabinet Minister Dr Dhan Singh Rawat said in his address that the state government is continuously making active efforts to develop the state as a most suitable destination for investment. In this series, the state of Uttarakhand has appeared among you with its limitless possibilities, read the statement from the CMO.

The state government is continuously making efforts in the direction of ease of doing business. Uttarakhand is in the achiever’s category. The state has taken specific initiatives toward reforming labour laws. Similarly, continuous improvements and simplification have been made in the direction of providing land to investors.

The State Government is particularly conscious of encouraging investment in specific sectors based on the resources available in the State.

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Congress to Attend Special Parliament Session, Sonia to Write Letter to PM

The source said that during the Parliamentary strategy group meeting, the party MPs, including Congress chief Mallikarjun Kharge, decided to attend the special session with a positive agenda…reports Asian Lite News

The Congress will be attending the special session of Parliament, and Sonia Gandhi will write a letter to Prime Minister Narendra Modi seeking to know the agenda, and also flagging some pressing issues.

The Congress’ Parliamentary Party Chairperson, Sonia Gandhi on Tuesday held a meeting with the party’s Parliamentary strategy group. 

A party source said that the Congress will not be boycotting the special session that will begin on September 18 and go on till September 22.

The source said that during the Parliamentary strategy group meeting, the party MPs, including Congress chief Mallikarjun Kharge, decided to attend the special session with a positive agenda.

The source also said that Sonia Gandhi will be writing a letter to the Prime Minister in the next few days for the agenda of the special session. 

She will inform the Prime Minister about the Opposition’s demand to discuss a series of issues.

The source said that the plan for Sonia Gandhi to write to PM Modi was even endorsed by all INDIA bloc Parliament floor leaders, who met at the residence of Kharge to discuss the strategy for the five-day special session.

This came after the Indian National Developmental Inclusive Alliance (INDIA) decided in its two meetings that it wants to raise the Adani Group and demand for a JPC, price rise, unemployment, the Manipur situation, economic, political and foreign issues in the session beginning September 18.

Meanwhile, another party source said that at the meeting of the floor leaders at Kharge’s residence on Tuesday night over dinner, the leaders also discussed some attempts by the ministers and government officials to use Bharat instead of India.

On Tuesday, a controversy broke out over a G20 dinner invitation that described Droupadi Murmu as President of Bharat, instead of President of India.

The party source said that the INDIA parties will oppose any move to drop India from the Constitution. 

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Environment India News Uttar Pradesh

IMD: Heavy rainfall to return in North India

Only east Uttar Pradesh is in IMD’s rainfall deficient category as it has received 29% below-normal rainfall during the same period…reports Asian Lite News

After a brief respite from widespread disruption and flooding, the Indian Meteorological Department (IMD) anticipates heavy rainfalls to comeback in North India on Tuesday, July 25th.

The IMD’s Sunday statement indicated an expected increase in rainfall activity over northwest India, with heavy downpours likely to occur in isolated areas across Himachal Pradesh, Uttarakhand, Punjab, Haryana, Chandigarh, Delhi, Uttar Pradesh, and Rajasthan. Residents and authorities are urged to remain vigilant during this period of anticipated rainfall.

Northwest India has recorded 40% more precipitation from 1 June to 23 July at 318.8 mm. However, only east Uttar Pradesh is in IMD’s rainfall deficient category as it has received 29% below-normal rainfall during the same period.

Union Home Minister Amit Shah on Sunday spoke to Gujarat Chief Minister Bhupendra Patel and enquired about the flood-like situation occurring in various parts of the state due to recent heavy rainfall.

The Home Minister also spoke to Delhi Lieutenant Governor Vinai Kumar Saxena and discussed with him the water level in the Yamuna River in the national capital. Yamuna was flowing at 205.96 metres by 9 am on Sunday morning, which is further expected to rise to 206.7 metres by the evening. The water level in the Yamuna River has surpassed the danger level again.

This surge in Yamuna’s water level is primarily due to the discharge of water from the Hathnikund Barrage caused by heavy rainfall in some regions of Uttarakhand and Himachal Pradesh.

Shah shared the information through his Twitter post soon after having a telephonic conversation with Gujarat Chief Minister and the Delhi LG.

Amid the rain warning issued by the Indian Meteorological Department for the Chamba district, the District Disaster Management Authority on Sunday issued an advisory for the citizens.

The advisory said, “1. Avoid visiting hilly areas and places prone to landslides and heavy rainfall. 2. Avoid trekking amid the inclement weather. 3. In case lightning strikes, it is safe to stay indoors for minimum next 30 minutes. 4. Do not visit river areas. 5. Pay attention to the warnings issued by the weather department. 6. Request Gram Panchayat Chieves, private organisations, tourists, and trekkers to spread the word.”

Notably, a total of 154 people have lost their lives due to the onset of the monsoon in the state since June 24, an official statement said on Saturday.

Himachal Pradesh State Disaster Management Authority (HPSDMA) said that 15 people are missing and 187 people have been injured since the beginning of the monsoon.

“So far Monsoon has claimed 154 lives since its onset on June 24 in Himachal Pradesh. Till now 15 people are missing and 187 people have been injured. In Himachal Pradesh, 592 houses have been damaged, besides 5265 houses partially damaged,” the  statement said.

Meanwhile, the met office has issued a red alert for Gujarat and Central Maharashtra today as it expects these regions to receive extremely heavy rainfall of more than 204.4 mm. From Monday to Thursday, Central Maharashtra has been placed on orange alert as rainfall in seven districts including Palghar, Thane and Raigad are predicted to be between 115.6 mm and 204.4 mm.

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PM Modi’s push for ‘Viksit Bharat@2047’

PM Narendra Modi said that Niti Aayog can play a critical role in helping states to develop their strategies for the next 25 years and align the same with the ‘National Development Agenda’, reports Asian Lite News

Prime Minister Narendra Modi on Saturday, during the eighth Governing Council meeting of Niti Aayog, stressed that the Centre, states and union territories should work as ‘Team India’, and fulfil the dreams and aspirations of people for a ‘Viksit Bharat@2047’.

He also said that Niti Aayog can play a critical role in helping states to develop their strategies for the next 25 years and align the same with the ‘National Development Agenda’.

The Prime Minister made the remarks while chairing the 8th Governing Council Meeting of Niti Aayog earlier on Saturday at the New Convention Centre, here in Pragati Maidan.

The meeting was attended by Chief Ministers and Lt.Governors representing 19 states and 6 Union Territories.

The government in a statement said that the Prime Minister stressed that the Centre, states and UTs should work as Team India and fulfil the dreams and aspirations of people for a Viksit Bharat@2047.

PM chairing the 8th Governing Council Meeting of NITI Aayog, in New Delhi on May 27, 2023.

PM Modi also urged the states and UTs to work with the Niti Aayog so that the country can take a quantum leap towards achieving its vision for the Amrit Kaal.

The Prime Minister mentioned that Niti Aayog is taking multiple initiatives for strengthening cooperative and competitive federalism like the Aspirational Districts Programme (ADP) and Aspirational Blocks Programme (ABP).

“Both these programmes showcase the power of working together as Centre, states and districts, and the impact of data-driven governance in improving the lives of common citizens at the grassroots level,” it said.

The Prime Minister also stressed the need for states and Centre to promote Shree Anna in the International Year of Millets and also deliberated on the need for working towards water conservation through the Amrit Sarovar programme.

PM chairing the 8th Governing Council Meeting of NITI Aayog, in New Delhi on May 27, 2023.

The Prime Minister spoke about the importance of maintaining fiscal discipline at the state level.

He urged the states to proactively use the Gati Shakti Portal not only for infrastructure and logistics but also for local area development and creation of social infrastructure.

Speaking about G20 meetings being held in the country, Modi said that while the G20 has brought glory to India on the world stage, it has provided states the opportunity for global exposure.

The Prime Minister also spoke about the importance of skilling people with a view to meet global requirements, supporting MSMEs, developing the tourism potential of the country, reducing compliance at the state level including decriminalisation of minor offences, and the creation of Ekta Malls.

Talking about ‘Nari Shakti’, he highlighted the significance of women-led development.

PM chairing the 8th Governing Council Meeting of NITI Aayog, in New Delhi on May 27, 2023.

He also spoke about ending the menace of TB by 2025.

A statement said that the Chief Minister and Lt. Governors presented various policy level suggestions as they mentioned specific issues pertaining to the states which require Centre-State cooperation.

Some of the key suggestions and best practices highlighted by them included in areas like opting for green strategies, need for zone wise planning, tourism, urban planning, agriculture, quality of workmanship, logistics, among others, the statement said.

The Prime Minister also expressed his gratitude to the Chief Ministers and Lt Governors for participating in the meeting and sharing their views and experiences.

He said the Niti Aayog will study the states’ concerns, challenges, and best practices and subsequently plan the way forward.

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Gangster-turned-politician Atiq Ahmed, brother shot dead in front of cops, media

Atiq and his brother were shot when they were taken for a medical test to the Colvin hospital here….reports Asian Lite News

In a shocking incident, gangster-turned-politician Atiq Ahmed and his brother Ashraf were shot dead in Prayagraj on Saturday night, in the presence of the police and in full glare of the media.

Atiq and his brother were shot when they were taken for a medical test to the Colvin hospital here. Both died on the spot.

According to reports, Atiq was shot in the head from point-blank range when the mediapersons were talking to him. Both the brothers were handcuffed when the incident took place.

All the three shooters have been arrested by the UP Police. They have been identified as Lavlesh Tiwari, Arun Maurya and Sunny.

The incident took place on the day Atiq’s son Asad was laid to rest in Prayagraj after being shot dead in an encounter in Jhansi on Thursday.

Prayagraj, Apr 13 (ANI): Police capture the unkown assilant who shot dead Mafia-turned-politician Atiq Ahmed and his brother Khalid Azim alias Ashraf while on the way for a medical examination, in Prayagraj on Thursday. (ANI Photo)

According to reports, the three youths had joined a group of journalists who were talking to Atiq Ahmad and his brother Ashraf after the two stepped out of the hospital.

Even before Atiq could complete his answer, one of the assailants pointed a pistol at Atiq’s head and shot him while the other two opened fire at the brother.

After the brothers slumped to the ground, the assailants raised their hands and surrendered.

Chief minister Yogi Adityanath has summoned DGP R.K. Vishwakarma and other top police officials for an emergency meeting.

Meanwhile, tension prevailed in Prayagraj as the news of the twin murders spread. Additional forces are being rushed to the district where security has been beefed up.

Samajwadi Party chief Akhilesh Yadav said that the incident is the height of lawlessness in Uttar Pradesh.

“If someone can be killed in police custody, then what about the common man,” he asked in a tweet.

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UP to support women entrepreneurs

The MSMEs coming up in Purvanchal and Bundelkhand regions of UP will be eligible for 100 per cent exemption on stamp duty….reports Asian Lite News

The Uttar Pradesh government will be offering incentives to women entrepreneurs who get into manufacturing in the state.

This will be a major push for Mission Shakti.

The micro, small and medium enterprises (MSMEs) coming up in Purvanchal and Bundelkhand regions of UP will be eligible for 100 per cent exemption on stamp duty.

Releasing the key exemptions being offered under the UP MSME Promotion Policy 2022, the government has announced that the state has been divided into five regions to encourage entrepreneurship in the manufacturing sector and will provide subsidies under various slabs.

The five regions in the state are going to be Purvanchal (revenue divisions of Prayagraj, Varanasi, Mirzapur, Azamgarh, Basti, Gorakhpur, Devipatan and Faizabad), Bundelkhand (revenue divisions of Chitrakoot Dham and Jhansi), Pashimanchal (revenue divisions of Agra, Aligarh, Moradabad, Meerut, Saharanpur and Bareilly), Madhyanchal (revenue divisions of Lucknow and Kanpur) and the fifth being Ghaziabad and Gautam Buddha Nagar districts in the national capital region.

While 100 per cent exemption in stamp duty is going to be offered in Bundelkhand and Purvanchal regions, in Madhyanchal and Pashimanchal 75 per cent of the stamp duty is going to be refunded.

In Ghaziabad and Gautam Buddha Nagar that comprises the industrial towns Noida and Greater Noida, only 50 per cent rebate is going to be offered.

“But if a woman entrepreneur opens a unit, she is going to get a 100 per cent rebate anywhere in the state,” a senior government officer said.

Similarly, if an industrial park, estate, flatted factory complex is set up over 10 acre or more, the government is going to offer 100 per cent rebate.

“The investing units will have to provide a bank guarantee equivalent to the amount of exemption due to the entrepreneur which is going to be released after the unit starts production,” the officer added.

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Noida becomes choicest biz destination

Investors are flocking to Yamuna Authority in view of the upcoming Jewar Airport. Along with this, Greater Noida Authority and Noida Authority have also attracted several investors…reports Asian Lite News

Noida has emerged as the most favoured investment destination of Uttar Pradesh in the three-day Global Investors Summit, 2023 being held in Lucknow. The investment share of all the three Noida Authorities alone is recorded at 27 per cent.

Investors are flocking to Yamuna Authority in view of the upcoming Jewar Airport. Along with this, Greater Noida Authority and Noida Authority have also attracted several investors.

The Uttar Pradesh government has received an investment proposal of Rs 32,92,000 crore from the Global Investors Summit (GIS), which will provide employment to 92 lakh people.

Agra and Lucknow have been the second and third preferred destinations for investment by the investors.

Siddharthnagar remained the least preferred, with an investment of only Rs 650 crore generated from a total of 128 companies in the district, which measures to 0.2 per cent of the total investment.

During the summit, Chief Minister Yogi Adityanath said that 18,645 MoUs have been signed, in which maximum investment has been done in Western Uttar Pradesh due to cities like Noida and Agra.

He said that 45 per cent of the total investment will be done in the area.

A total of 29 per cent investment has been done in Purvanchal. Paschimanchal and Purvanchal together have 74 per cent.

Investment of 13 per cent each has come in Madhyanchal and Bundelkhand of the state.

Reliance Group will invest Rs 75,000 crore in the state and will set up renewable energy capacity of 10 GW in the state under the Akshay scheme.

Reliance Industries Chairman Mukesh Ambani in his address at the event said that 5G service will be available in all the cities of the state by the end of 2023.

The investments include Rs 21,622 crore from UAE, Rs 21,922.5 crore from Canada and the US, Rs 10,704 crore from Netherlands & France, Rs 25,456 crore from Japan & South Korea, Rs 1,76,740 crore from Germany, Belgium & Sweden, Rs 1300 crore from Brazil, Argentina and Mexico, Rs 26,120 crore from Australia and Singapore.

Proposals worth Rs 7,85,937 crore came from Gautam Buddha Nagar during the Investors Summit. Out of this, MoUs worth Rs 7,45, 815 crore were signed. In this, the maximum proposal of Rs 1,60,000 crore came for the Yamuna Development Authority.

MoUs worth Rs 1 lakh 116 crore were signed in this. This investment will provide employment to more than one lakh people. As many as90 officers from all the three authorities participated in the event.

This year, the target of the entire state of Uttar Pradesh was raised to Rs 17 lakh crore in the ongoing event while investment proposals have come up to Rs 21 lakh crore.

Gautam Buddha Nagar district alone has an investment of more than Rs 7 lakh crore.

Investments have been made in the fields of IT, ITES, commercial, infrastructure, group housing, dairy, energy, agriculture, education, civil aviation, medical education and forest companies. However, the largest investment has been in the IT/ITES sector.

Proposals worth Rs 88,700 crore have come for Noida Authority. In this, MoUs worth Rs 85,993 crore were signed on the behalf of 361 companies.

The companies include Lulu Mall Management which has invested Rs 2500 crore, Adani group which has invested Rs 5000 crore, M3M India Private Limited with an investment of Rs 7500 crore, Rs 4300 crore by Injika, Rs 4000 crore by Clear Lake Pvt Ltd, Rs 3200 crore by Theme County Private Limited, Rs 2400 crore by Godrej Property Ltd., Rs 2000 crore by Fairfox Infra Pvt Ltd., Rs 2000 crore by Rose Berry State LLP, Rs 2000 crore by Theme County Pvt Ltd, Rs 1800 crore by Mahagun Infratech Pvt Ltd Canciller Consultancy has included companies worth Rs 1200 crore.

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‘UP Key to India’s $5T Economy Goal’

Prime Minister Narendra Modi inaugurated the Uttar Pradesh Global Investors Summit 2023 in Lucknow.

Union Home Minister Amit Shah on Friday addressed the Global Investors Summit-2023 session on ‘Strengthening of MSMEs and Cooperatives’ in Uttar Pradesh’s Lucknow.

“Global Investors Summit has been organized with a vision to bring investment in Uttar Pradesh. The development of Uttar Pradesh is very important to fulfil Prime Minister Shri Narendra Modi’s dream of a five trillion dollar economy, taking Uttar Pradesh forward means accelerating India’s development,” Shah said. He said that there are five conditions to bring industry and investment in any state – proper law and order situation, good infrastructure in the state, clear formulation of policies for industry and finance, transparent governance and quick decision-making ability.

“Today, under the leadership of Prime Minister Shri Narendra Modi, the Government of Uttar Pradesh led by Chief Minister Yogi Adityanath has implemented these five things, and a very favourable environment has been created here for industry and investment,” he added.

He also said that in the coming months, he will tour various parts of the country to strengthen and expand the cooperative sector.

Earlier on Friday, Prime Minister Narendra Modi inaugurated the Uttar Pradesh Global Investors Summit 2023 in Lucknow.

Highlighting the country’s development strides and investment-friendly environment and, also pointing out that Uttar Pradesh was driving the country’s growth, PM Modi said that India was reforming not out of compulsion but out of conviction.

If India is the bright spot in the world, then Uttar Pradesh is its growth engine, he said.

Addressing the gathering, he said, “Uttar Pradesh’s growth has been noteworthy. People used to say that it was hard to develop UP and the law-and-order situation in the state can never improve. UP was known for scams and no one had any hopes for the state’s revival and reform. But, in just five to six years, UP has created a new identity for itself. Today, Uttar Pradesh is known for good governance, peace, law-and-order, and stability.”

PM Modi said a big change is being seen in the thinking and aspirations of society and the country’s youth today. The aspirations of youth are behind the country’s push for development, he added. (ANI)

ALSO READ: Fintech platform PayMe bets big on UP

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Business Economy Uttar Pradesh

Fintech platform PayMe bets big on UP

Founded in 2016, Noida-based PayMe offers a pool of comprehensive financial services for individuals and corporates….reports Asian Lite News

Fintech platform PayMe on Thursday said it will invest Rs 200 crore in Uttar Pradesh to create 2,000 jobs in the area, focusing on training and developing skilled resources in the fintech space.

The company signed a memorandum of understanding (MoU) with the state government in the presence of Shailendra Bhatia, OSD YEIDA and Nodal officer for UP Investors Summit and Manav Munjal, Director of PayMe and Vishal Ranjan, VP of HR.

“I come from Gorakhpur, a tier II district, where obtaining a quality education and getting job opportunities were scarce. Now that we have the means to give back to society, it is our duty to be a part of the UP Investor Summit initiative,” said Mahesh Shukla, Founder and CEO of PayMe.

The investment will contribute to the growth and development of the fintech sector in Uttar Pradesh, providing new opportunities for the local workforce, said the fintech company.

“PayMe has been growing at a tremendous pace, having expanded six times in terms of employee count in the past year, and we anticipate generating 5,000 employment opportunities in the next 5 years,” said Shukla.

Founded in 2016, Noida-based PayMe offers a pool of comprehensive financial services for individuals and corporates.

With a seed capital of $2 million, the company was rated among the top 30 emerging FinTech start-ups by leading startup news portal Inc42.

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