Foreign investors express intent to invest in UP

Lucknow, Dec 13 (Representative) The Uttar Pradesh government is getting new and positive results in its relentless effort to bring huge investment in the state from different countries almost everyday. An official spokesman said that the result of these efforts of Team Yogi is that investors from different countries are not only ready to invest big in UP, they are also eager to participate in the Global Investors Summit to be held in February next year. He said that on Tuesday different groups of Team Yogi travelled to different countries including the US, Canada, South Korea, Belgium, Australia, UAE and Brazil and met veteran investors to convince them to invest in UP in different sectors, including infrastructure, defence and tourism. During this, investors were given detailed information about safe investment in the state, better environment and subsidies being given by the government. Several investors expressed their interest also in investing in different sectors, including defence manufacturing among others, while two important MoUs were also signed by Western Sydney University. On the other hand, Agristo Belgium has expressed its intention to invest Rs 300 crore in the food sector of the state by next year. It may be noted that the Yogi government in UP has set a target of attracting investment of Rs 10 lakh crore in the state through the Global Investors Summit to be held in February next year.

To achieve this goal, under the guidance of Chief Minister Yogi Adityanath, teams of ministers and officials from UP are inviting investors abroad through roadshows and one-to-one business meetings. A delegation led by Assembly Speaker Satish Mahana and Animal Husbandry Minister Dharampal Singh organised a roadshow in Montreal, Canada and informed about the investment opportunities in Uttar Pradesh and the friendly policies of the government. The delegation discussed investment in UP with Export Development Canada (EDC), Investment Quebec, Canada India Global Forum and Indo Canada Ottawa Business Chamber. A delegation led by Technical Education Minister in UP government Ashish Patel held a roadshow in South Korea. During this, Korean defence manufacturing units were encouraged to invest in the Defence Corridor being built in UP. They were told that this was the right time to invest in UP as the government was not only providing a proper environment for investment, but also various subsidies. On this occasion, Chun Sang Pil, Vice President, Global Government, Samsung Electronics and other investors were invited to UPGIS.

A delegation led by Finance Minister Suresh Khanna and former minister and MLA Siddharth Nath Singh reached Stratford, Connecticut, to visit the main plant of the US aircraft manufacturer Sikorsky. The delegation met with the CEO, Vice President and CEO India Operations of Sikorsky and discussed the partnership in the field of defence. The UP delegation also studied how Sikorsky was working in the field of Fixed Wing Aircraft, and observed helicopters, missiles and the Black Hawk helicopters being manufactured at the plant. The delegation also gave a presentation on the UP Defence Corridor. The delegation urged Sikorsky to invest in the Corridor and participate in the Global Investors Summit. The delegation led by Water Power Minister Swatantra Dev Singh reached Western Sydney University in Sydney, Australia on Tuesday and met Vice Chancellor Prof Barne Glover AO and other senior professors. They discussed partnerships in various fields. Along with this, two important MoUs were also signed during the meeting for common participation in water resource management and skill development and disaster management. Earlier, the focus factor of the UP government was highlighted to the investors from different sectors during the roadshow in Sydney. The delegation visited the Urban Taskforce Australia (UTF) and presented ODOP products to CEO Tom Forrest. A round table conference was also held on the occasion, in which Swatantra Dev Singh invited UTA to invest in sectors like infrastructure, urban development and defence.