Investment proposals worth Rs 19,877 crore were agreed upon on the first day of Chief Minister Yogi Adityanath’s visit to Singapore. Big MoUs were signed in data centres, green energy, housing and logistics. Besides, a cooperation agreement on skill development was also signed with ITEES.
Singapore/Lucknow. On the first day of his visit to Singapore under the leadership of Chief Minister Yogi Adityanath, Uttar Pradesh got major success in the field of investment and skill development. Several international companies and institutions signed memoranda of understanding (MoU) with the state government during official meetings and discussions with investors.
A total of investment proposals worth Rs 19,877 crore were agreed on the first day. This investment is considered important for strengthening the economy of the state and creating employment on a large scale. The Chief Minister assured the investors that the Uttar Pradesh government is committed to providing transparent policies, fast approval process and better infrastructure.
Universal Success Group Investment: Rs 6,650 crore in housing, logistics and data center
The agreements signed include a major proposal from Universal Success Group. The company has proposed to invest Rs 6,650 crore in group housing, logistics park and data center projects. These projects are expected to give new impetus to urban development, industrial activities and digital infrastructure.
GSC Data Center Project: 100 MW capacity, Rs 8,000 crore investment
Golden State Capital (GSC) has announced an investment of Rs 8,000 crore to set up a 100 MW capacity data center in Uttar Pradesh. This project is being considered an important step towards establishing Uttar Pradesh as a major data center hub of the country. This will strengthen the IT sector and digital economy.
Green Energy Investment UP: PIDG and AVPN’s investment in green energy
Private Infrastructure Development Group (PIDG) has signed an MoU to invest Rs 2,500 crore in renewable energy, green hydrogen and agri-PV (agri cum solar) projects. Apart from this, AVPN Limited has also committed to invest Rs 2,727 crore in the renewable energy and Agri-PV sector. These projects will strengthen the green energy goals of Uttar Pradesh and promote clean energy production.
UP Skill Development MoU: Cooperation in technical education with ITEES
Along with investment, special attention was also given to skill development. Cooperation agreement signed with ITE Education Services (ITEES) to strengthen Technical and Vocational Education and Training (TVET). Under this partnership, ITEES will provide technical assistance in areas such as academic development, infrastructure upgradation, leadership and capacity building, ISQ certification and quality assurance. Its objective is to develop the skill system of Uttar Pradesh at par with global standards, so that the youth can get better employment opportunities.