UP Foreign Investment: Foreign investment is increasing rapidly in Uttar Pradesh. Chief Minister Yogi Adityanath gave clear instructions to the officials in the review meeting that there should be constant communication with the investors and there should not be any delay at any level.
Lucknow: Chief Minister Yogi Adityanath on Friday reviewed the ongoing efforts to promote foreign investment in the state. He clearly said that Uttar Pradesh has now become not only a state with investment potential but also a state with investment confidence. The Chief Minister directed the officials that communication with every investor should be continuous and there should be no scope for delay at any level. He said that ‘Speed, Stability and Support’ should be the new identity of Uttar Pradesh.
foreign investment figures
It was informed in the meeting that till September of the financial year 2025-26, the state received foreign investment of US $ 683 million. Total cumulative foreign investment since October 2019 has now reached US$2,754 million. Officials said that during the current period, the state has received foreign investment inflow of Rs 5,963 crore, which shows a sharp increase compared to previous years.
Proposals and Pipelines under FDI-FCI Policy
So far, 11 investment applicants have submitted proposals worth Rs 13,610 crore under the FDI-FCI-Fortune 500 Policy-2023. Apart from this, 22 applications involve investment of Rs 17,810 crore and 29 applications involve investment of Rs 56,000 crore in the pipeline. The Chief Minister was informed that Japan, America, Belgium, United Kingdom, Poland and Singapore remain the major investment partners of Uttar Pradesh.
Foreign country desk and communication with investors
Overseas country desks for Japan, South Korea, Taiwan, Germany, France, Singapore and the Gulf countries are continuously active. Regular communication is going on with embassies, high commissions and trade associations. The Chief Minister was informed that more than 100 one-to-one meetings have been held so far. Japan and Singapore’s trade agreements are turning into solid investment opportunities.
Gulf Cooperation Council and investment interest
Gulf Cooperation Council Sector Desk review informed that 6 round table meetings were held in Delhi, Noida, Mumbai, Lucknow and Kanpur. Through these meetings, dialogue was held with 83 companies and investment proposals worth about Rs 5,000 crore emerged. The information technology, electronics and manufacturing sectors saw the most interest, while the banking, finance, insurance, pharma, life sciences, media and entertainment sectors are also promising.
Boom in Lalitpur Pharma Park
The Chief Minister directed to expedite the infrastructure works of Lalitpur Pharma Park. Many big pharmaceutical companies have shown interest in investing here. Emphasis was laid on ensuring timely availability of facilities like land, electricity and water.
Follow up continues with 125 Japanese companies
Japan Desk Review reported that Denso’s brownfield expansion project is underway. The Kansai Pharmaceutical Industry Association continues to follow up with 125 Japanese companies. The process of setting up a Green Hydrogen Center of Excellence in collaboration with the Indian Institute of Technology Kanpur has also started. Investment talks are ongoing with Toyota Group, Sumitomo and Marubeni. The total investment target of Japan Desk has been kept at Rs 20,000 crore.
Taiwan and Electronics Center
For the Taiwan desk, the Chief Minister directed that efforts should be intensified. More than 40 companies have been identified and an investment pipeline of approximately Rs 100 crore is ready. Noida, Greater Noida and Yamuna area are being developed as electronics and semiconductor hubs. HCL-Foxconn’s investment of Rs 3,700 crore will form a strong base for this development.
South Korea and major companies
Investment talks are ongoing with Korean companies like Samsung, LG, KH Vetec and DreamTech. LG Electronics has a proposed expansion of about Rs 850 crore in Gautam Buddha Nagar, while Lotte Group’s investment of about Rs 400 crore is under process. The Chief Minister directed to further strengthen dialogue and facilitation for Korean companies.
Singapore investors interest
Investors like Temasek, PSA, DBS, Capitaland-Ascendas, Keppel and Sembcorp under the Singapore desk are showing continued interest in Uttar Pradesh. The Chief Minister asked all foreign desks to organize round table meetings at regular intervals and decide on a single point of contact for every investor.
Plug and Play Model and National Capital Region
The Chief Minister stressed on ‘plug and play’ model to give impetus to industries. Investors will be able to start operations faster when they get ready infrastructure from day one. Companies will be encouraged to open their corporate offices and headquarters in the National Capital Region. Instructions were also given to ensure that there is no shortage of necessary human resources in Bundelkhand Industrial Development Authority.