CM Yogi invited Japanese investors to invest in the state during the UP Investment Roadshow in Tokyo. UP can be strengthened by the population of 25 crores, strong infrastructure, opportunities like Japan Industrial City and semiconductor project.
After Singapore, now the echo of Uttar Pradesh’s development journey was heard in the capital of Japan. Chief Minister Yogi Adityanath reached Tokyo and gave an open invitation to the world’s big industrialists to invest in Uttar Pradesh in the mega UP investment road show organized there. He clearly said that today’s UP has emerged as the best state of India for investment due to its safe environment, strong infrastructure, huge market potential and young workforce.
The Chief Minister appealed to the Japanese industrialists to come to Uttar Pradesh, invest here and also experience the spiritual heritage of the state. He said that investment in UP is not just business but also an opportunity to further strengthen India-Japan relations.
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Emphasis on cultural affinity of India and Japan
Describing Japan as the ‘Land of the Sunrise’, the Chief Minister said that Uttar Pradesh is the birthplace of Lord Shri Ram and also the birthplace of Lord Buddha. Referring to Buddhist places like Sarnath, Kushinagar, Shravasti, Kapilvastu and Kaushambi, he said that spiritual tourism has got a new impetus with the development of Ramayana Circuit and Buddhist Circuit. He described this cultural connection as the basis of natural partnership between India and Japan.
Population of 25 crores, largest consumer market
The Chief Minister said that Uttar Pradesh with a population of 25 crores is the largest consumer market in the country. The state’s economy and per capita income has grown almost three times in the last nine years. He said that the state which was once called Bimaru has today become the growth engine of the country’s economy. Despite having only 11 percent agricultural land, UP produces about 21 percent of the country’s food grains. This is creating huge opportunities in food processing, agri logistics and packaging sectors.
Water resources and youth power become big strength
The Chief Minister said that the state has abundant fresh water resources, which can be used in new areas like green hydrogen. 56 percent of the state’s population is young, which provides skilled human resources to the industries. Talking about infrastructure, the junction of the expressway network, the country’s largest rail network and the Eastern-Western Dedicated Freight Corridor is in UP. 27 industrial clusters are being developed along the expressway.
Japan Industrial City will be built on 500 acres
The Chief Minister especially informed the Japanese investors about the proposed Japan Industrial City. 500 acres of land has been identified near Noida International Airport, where a cluster based industrial city will be developed for Japanese companies. There are 16 airports operating in the state, out of which 4 are international. Exports will directly benefit due to better connectivity and logistics.
Big opportunities from mobile to semiconductor
The Chief Minister said that scale, skill, stability and speed – all four are present in UP. Uttar Pradesh has a share in 55 percent mobile manufacturing and about 60 percent electronic component production in the country.
There are good investment opportunities in data centres, semiconductors, warehousing, logistics and renewable energy. Recently the foundation stone of a semiconductor unit has been laid in Noida area. The state has a land bank of 75,000 acres available, while a new industrial city is being developed on 56,000 acres in the Bundelkhand region.
MSME and easy investment regime
UP received investment proposals worth Rs 40 lakh crore in the 2023 Global Investors Summit. Projects worth about Rs 15 lakh crore have come on ground and projects worth Rs 7 lakh crore are in process. There are 96 lakh MSME units operating in the state, which provide employment to more than three crore people. New units are exempted from various types of NOC for up to 1000 days. Single window systems like Nivesh Mitra and Nivesh Saarthi have simplified the investment process. Due to better law and order, the state is among the leading states in ease of doing business.
Tourism and new economy opportunities
The Chief Minister said that last year 156 crore tourists came to the state. This has created huge opportunities in hotels, restaurants, heritage and spiritual tourism. Investment possibilities in electric vehicle, deep tech, fintech, medtech and service sectors are also increasing rapidly. A large number of representatives of Japanese industry including State Finance Minister Suresh Kumar Khanna, Industrial Development Minister Nand Gopal Gupta Nandi and Indian Ambassador to Japan Nagma M. Malik were present in the program.
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