CM Yogi Adityanath met many foreign investors including Temasek Holdings during his visit to Singapore. Investments in infrastructure, health, logistics, data centers and skill development were discussed.
Singapore/Lucknow. Yogi Adityanath held important meetings with several leading foreign investors and corporate representatives on the first day of his Singapore visit with an aim to further strengthen Uttar Pradesh on the global investment map. In these meetings, various aspects of investment prospects, industrial cooperation and long-term partnerships in Uttar Pradesh were discussed in detail. The Chief Minister first met Teo Chee Hean, Chairman of Singapore’s leading investment company Temasek Holdings, and his team. Temasek’s global investment portfolio and potential investment in Uttar Pradesh were discussed in the meeting.
Invitation to invest in Uttar Pradesh: Focus on infrastructure, logistics and health sectors
The Chief Minister invited Temasek to invest in infrastructure, logistics, healthcare services, warehousing, fintech-based urban development and other related sectors in Uttar Pradesh. Information about investment of about Rs 500 crore by Temasek’s portfolio company Manipal Hospitals in Ghaziabad and about Rs 500 crore by Ascendas for development of logistics and warehousing facilities in the state was shared at the meeting. These investments are expected to give new impetus to health services and industrial infrastructure in the state.
Agreement on cooperation in data center and skill development
In the meeting, both sides agreed on possibilities of cooperation in emerging areas like data center and skill development. This cooperation will be helpful in building future-oriented infrastructure of Uttar Pradesh and generating employment on a large scale. The Chief Minister gave detailed information to the investors about Uttar Pradesh’s better law and order, world-class connectivity, rapidly developing expressway network, defense corridor, data center policy, electronics manufacturing and emerging logistics hub. He said that Uttar Pradesh today is among the fastest growing economies of the country and the state government is providing a transparent, prompt and investor-friendly environment under ‘Ease of Doing Business’.
Big step towards trillion dollar economy
Chief Minister Yogi Adityanath said that the Uttar Pradesh government is committed to a long-term and trustworthy partnership with investors, so that large-scale employment generation and development of technical capacity can be achieved in the state. His visit is being considered important towards increasing foreign investment in Uttar Pradesh. It is expected that this will give new momentum to the state towards its goal of creating a trillion dollar economy. It is noteworthy that Keshav Prasad Maurya is also currently on a Europe tour as part of the investment promotion campaign.