MoUs

worth Rs. 1.5 lakh crore, investment proposals worth Rs. 2.5 lakh crore

received

During

Chief Minister Yogi Adityanath's four-day foreign tour, business leaders

identified Uttar Pradesh as dream destination for investment

CM

Yogi's foreign tour decisive step towards UP's goal of becoming one trillion

dollar economy

Lucknow,

26 Feb (HS): Uttar Pradesh Chief Minister Yogi Adityanath's four-day visit to

Singapore and Japan, accompanied by Finance Minister Suresh Khanna, Industrial

Development Minister Nand Gopal Gupta Nandi, and a team of officials, was a

remarkable success in terms of investment, technology, and global partnerships.

During investment dialogues held in both countries, MoUs worth Rs. 1.5 lakh

crore were signed, while investment proposals worth Rs. 2.5 lakh crore were

received. This visit will prove to be a milestone in making Uttar Pradesh a one

trillion dollar economy by 2029-30.

Unprecedented

success on Japan tour: During the investment dialogue held in Japan, the state

government received MoUs and investment proposals worth thousands of crores of

rupees. Among the major companies with whom MoUs were signed during the

investment dialogue were Kubota Corporation, Spark Minda (in collaboration with

Toyo Denso), Japan Aviation Electronics Industry, and Nagase & Co., Ltd.

The B2G meeting saw participation from leading companies such as Suzuki Motor

Corporation, Honda Cars India Ltd., Konoike Transport Co., Ltd., Mitsui &

Co., Ltd., Rapidus Corporation, Marubeni Corporation, Sumitomo Realty &

Development Co., Ltd., and MUFG Bank. These companies' key investment areas

included agricultural machinery, auto OEMs and components, auto R&D,

semiconductors, data centers, green hydrogen, power-to-gas, compressed biogas,

ESDM, logistics, and warehousing.

Establishment

of Green Hydrogen Centre of Excellence: Promoting green energy cooperation

during the Japan visit, the establishment of a Green Hydrogen Centre of

Excellence in collaboration with the University of Yamanashi, Yamanashi

Hydrogen Company, IIT Kanpur, Harcourt Butler Technical University, IIT BHU and

Madan Mohan Malaviya University of Technology was announced.

Development

of 'Japan City' and Auto Cluster: A Japan City will be developed on

500 acres in the Yamuna Expressway Industrial Development Authority (YEIDA)

area, creating a dedicated industrial environment for Japanese companies. A

dedicated auto cluster and R&D facilities will also be established for OEMs

and component manufacturers. The Japan desk at Invest UP will be

strengthened, with monitoring directly by the Chief Minister's Office. Japan

will also promote technology transfer, skill development, joint ventures, and

supply chain integration in Uttar Pradesh's MSME sector.

Maglev

train and FANUC plant tour: The Chief Minister, accompanied by Finance Minister

Suresh Khanna, Industrial Development Minister Nand Gopal Gupta Nandi, and

officials, visited the Algero Series Maglev Train Station and enjoyed a unique

experience by traveling on the high-speed train. Here, they held positive

discussions on the possibilities of cooperation in the field of advanced

transportation technology. Additionally, they inspected FANUC Corporation's

industrial robots and factory automation plant. The company expressed its

desire to invest in Uttar Pradesh and support the MSME sector in technological

advancement.

Tourism,

Culture and Skills Cooperation: An agreement was also reached to regularly

promote tourism between Uttar Pradesh and Japan. Spiritual, cultural, and

heritage tourism will be promoted by connecting the state's globally

significant Buddhist Circuit and Ramayana Circuit. This will not only

strengthen ties between the residents of both countries but also create new

investment opportunities in the hospitality, infrastructure, and service

sectors. Additionally, language and technical training programs tailored to the

needs of Japanese industries will be conducted to develop a globally

competitive workforce.

Major

investment agreements in Singapore too: CM Yogi's visit to Singapore was also

very successful. During the investor roadshow, Team UP reached agreements on

broad cooperation in areas such as MRO, cargo hubs, semiconductors, data

centers, logistics, skilling, and fintech. The Chief Minister met with

Singapore's top leadership (President, Prime Minister, Deputy Prime Minister,

and other ministers) and gave new direction to industrial, technological, and

infrastructure cooperation. In particular, positive discussions were held on

the possibilities of developing the Noida International Airport at Jewar as an

MRO and cargo hub.

Hindusthan Samachar / Abhishek Awasthi