CM Yogi Singapore Tour Investment: UP received investment proposals worth more than ₹4 lakh crore from CM Yogi’s Singapore-Japan tour. MoUs worth ₹1.5 lakh crore were signed. Government claims, 5 lakh youth will get employment. Know in which sectors big investments came.
Four days, dozens of meetings and interactions with hundreds of investors, Chief Minister Yogi Adityanath returned to Lucknow on Friday morning after completing his official visit to Singapore and Japan. He was welcomed by senior officials at Chaudhary Charan Singh International Airport. The CM described the visit as giving a “new direction” for the industrial future of Uttar Pradesh.
MoUs worth ₹1.5 lakh crore, investment proposals over ₹2.5 lakh crore
According to the state government, during the visit, memorandums of understanding (MoUs) worth about ₹1.5 lakh crore were signed, while investment proposals worth more than ₹2.5 lakh crore were received. If these proposals come to fruition, employment opportunities can be created for more than 5 lakh youth. The government has directed the concerned departments and Invest UP to speed up the follow-up process of the proposals.
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More than 60 formal dialogues, 3 major investment road shows
More than 60 formal events and meetings were held in Singapore and Japan over four days. Three big investment road shows were organized-
- Singapore
- Tokyo
- Yamanashi Prefecture of Japan
Between 450 to 500 investors, industrialists and representatives of financial institutions participated in these programs. The government claims that investors showed keen interest in the policies and market potential of Uttar Pradesh.
In which areas was agreement reached?
The state’s industrial policies, infrastructure, law and order and large consumer market were presented in detail in the meetings. The areas where major investment proposals came include-
- green hydrogen
- Semiconductor
- Electronics Manufacturing
- data center
- logistics
- Defense Manufacturing
- skill development
- urban infrastructure
The government believes that these sectors will drive the future economy and increase employment at the local level.
Impact on employment and local economy
According to experts, the real impact of big investments is visible when the projects start on time and the supply chains are connected to local industries. MSME, startup and service sector also benefit from this. 5 lakh potential jobs can create not only direct employment but also indirect opportunities. The government has indicated that the focus now is on grounding the MoU, i.e. land allotment, clearance and finalizing the timeline. Regular reviews with investors and coordination between departments will be prioritized, so that announcements translate into actual projects.
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