
Lucknow, Oct 28 (HS): With the resolve to make Uttar Pradesh
the country's leading growth engine and move rapidly towards the goal of a
trillion dollar economy, Chief Minister Yogi Adityanath held detailed
discussions with a 14-member high-level business delegation of top
industrialists and investors from Singapore in the capital Lucknow on Tuesday.
The delegation, led by the Singapore Business Federation, expressed its desire
to make major investments in the state in strategic sectors like logistics,
semiconductors, data centers, green energy, urban planning and hospitality.
This delegation has now come to Uttar Pradesh after the Chief Minister's visit
to Singapore in February.
Welcoming the delegation, Chief Minister Yogi said that the
vision of the late Lee Kuan Yew, the architect of modern Singapore,
demonstrated to the world that a country's global identity is determined not by
its geographical size but by its vision, efficiency, and efficient use of
resources. He added that in the last 12 years, under the visionary leadership
of Prime Minister Narendra Modi, India has emerged from a fragile economy to
one of the world's leading and strongest economies. Similarly, in the last nine
and a half years, Uttar Pradesh has also emerged from its BIMARU
image and emerged as the country's growth engine. The state's GDP, annual
budget, and per capita income have tripled. Women's participation in the workforce
has also tripled. Without imposing any new taxes on the public, Uttar Pradesh
has consistently remained a revenue-surplus state.
Referring to his meetings with President Tharman
Shanmugaratnam and Prime Minister Lawrence Wong during his visit to Singapore
in February 2026, Yogi said that investment agreements worth approximately Rs. 60,000
crore were reached during that period. The state government's assurance of
safety, stability, and speed to investors during the Singapore
roadshow is a commitment the state continues to pursue today. The Chief
Minister clarified that the goal now is to bring investment proposals to
fruition and commence production. The Uttar Pradesh government will stand
firmly with investors throughout the entire process, from MOU to manufacturing
and groundbreaking to production, and will provide necessary support at every
level.
Yogi proposed to the delegation the development of a
dedicated Singapore City and a high-tech industrial township near
the Noida International Airport in Jewar. He stated that this region, connected
by the confluence of the Eastern and Western Dedicated Freight Corridors and a
world-class expressway network, has the potential to become North India's major
supply chain hub for international companies. The state has a land bank of over
75,000 acres available for industrial investment, and 27 integrated
manufacturing and logistics clusters are being developed. Meanwhile, the six
strategic nodes of the UP Defense Industrial Corridor, established in Lucknow,
Kanpur, Jhansi, Agra, Aligarh, and Chitrakoot, have received investment
proposals worth over Rs. 35,000 crore.
To ensure the partnership achieves concrete results, the
Chief Minister placed special emphasis on six key priority areas. These include
the development of multimodal logistics and warehousing through the Jewar
Expressway and freight corridors; high-tech manufacturing such as semiconductor
fab units and electronics, data centers, cloud services, and artificial
intelligence; and clean technologies such as solar, green hydrogen, waste
management, and water recycling. Chief Minister Yogi noted that Uttar Pradesh
currently accounts for approximately 55 percent of the country's total mobile
phone production and 60 percent of electronic components. Referring to the
state's agricultural potential, he said that Uttar Pradesh's contribution as
the country's food basket is significant. There is immense
potential for partnership between the state's 21 percent food grain production
and Singapore's high-quality food packaging and export model.
Discussing the potential of the tourism and hospitality
sector, Yogi Adityanath said that the grand and successful organization of the
Maha Kumbh 2025 has showcased Uttar Pradesh's vast management and organizing
capabilities to the world. This experience and capacity can be combined with
modern tourism facilities and wellness projects to create new opportunities.
Global spiritual centers like Ayodhya, Kashi, Mathura-Vrindavan, Prayagraj, and
the Buddhist Circuit offer immense potential for the development of world-class
hotels, convention centers, and hospitality services. Additionally, Singapore's
world-renowned urban planning expertise can be leveraged for the planned
development of Lucknow, the State Capital Region, and new townships.
Mark Lee, Chairman of the Singapore Business Federation, and
members of the delegation, who conducted a field inspection of the industrial
areas of Noida and Greater Noida before the meeting, praised the state's
infrastructure, ease of doing business, and investment-friendly policies. They
described the Film City, Toy Park, Apparel Park, Medical Devices Park, and
Semiconductor Cluster being developed in Greater Noida and the Yamuna Authority
area as being in accordance with international standards. The delegation said
that Uttar Pradesh's transparent and prompt functioning increases the
confidence of global investors. Singapore companies are excited about a
long-term economic partnership with the state.
At the meeting, Mark Lee, Chairman of the Singapore Business
Federation, noted the strong and historical ties between India and Singapore,
calling the Chief Minister's visit to Singapore a historic milestone in this
direction. He praised Uttar Pradesh's developed expressway network, modern
warehousing, well-planned industrial parks, and progressive industrial
policies. He said that the new Uttar Pradesh offers vast business opportunities
for Singapore companies.
Prasun Mukherjee, Chairman of the SBF-India Business
Committee, praised Chief Minister Yogi Adityanath's leadership, stating that
this is the first high-level SBF delegation, led by Chairman Mark Lee, to visit
an Indian state outside Singapore. He added that under Yogi Adityanath's
leadership, unprecedented progress has been made in Uttar Pradesh's
infrastructure and connectivity, which has significantly increased investor
confidence in the state.
Prashant Mukherjee, Managing Director of Universal Success
Enterprises, said that the Chief Minister's team has worked with extraordinary
urgency and speed to implement the MoU signed during the Chief Minister's visit
to Singapore in February. He said that he also shares the Uttar Pradesh
government's commitment, transparency, and unprecedented speed of action with
other international investors on global platforms.
During the meeting, Chief Minister Yogi Adityanath presented
a Certificate of Eligibility to M/s Greater Nashik Infracon Private Limited, a
Singapore-based company affiliated with Universal Success Enterprises Group,
for 50 acres of land to establish an integrated manufacturing Universal
Packaging Hub in Sector 8D of the Yamuna Expressway Industrial
Development Authority (YEIDA) area at a cost of Rs. 775 crore. The project
involves foreign direct equity from Singapore and will create 1,880 direct
employment opportunities. A Memorandum of Understanding (MoU) was also
exchanged with Agricorp International, a global agriculture and food processing
company, to stimulate new investment in the state. The company will establish a
state-of-the-art greenfield manufacturing facility for the production of soy
protein isolate and chickpea protein concentrate in Uttar Pradesh. This will
strengthen the state's agri-processing and value-addition ecosystem and
accelerate the expansion of agriculture-based industries.
An MoU was also exchanged with Blue Planet Environmental
Solutions, a leading global company in sustainable waste management. With an
estimated investment of Rs. 250-350 crore, the company will work to treat
approximately 750,000 tons of legacy waste in Noida Sector 145 and establish a
fresh waste processing plant with a capacity of 350 tons per day in Saharanpur.
These projects will create new employment opportunities for 100-120 people.
The high-level meeting was attended by Kok Ping Soon, CEO of
Singapore Business Federation, Puneet Chhatwal, MD & CEO of IHCL (Tata
Group), Vishal Vijay, CEO of Agrocorp International, Prashant Singh, CEO of
Blue Planet Environmental Solutions, Pavithran M Kallada, MD of PSA India,
Vineet Yadav, AGM of Sembcorp, along with senior administrative officers of the
state government and senior representatives associated with industrial
development.
Hindusthan Samachar / Abhishek Awasthi