A 14-member delegation of Singaporean industrialists and investors on Wednesday expressed interest in investing in Uttar Pradesh and proposed developing a ‘Singapore City’ and a high-tech industrial township near the upcoming Noida International Airport at Jewar, an official statement issued here said.
The proposal was discussed during a meeting between Chief Minister Yogi Adityanath and the delegation, led by the Singapore Business Federation, on Tuesday. The state government was assuring investors of security, stability and speedy decision-making, he added. However, the double-engine government changed this situation. “Under the able leadership of PM Narendra Modi, a new work culture for investment and industrial development was developed in the state with the mantra of Reform, Perform and Transform.
Targeting the previous government, Adityanath said, “Before 2017, UP had neither a clear vision nor a concrete action plan to attract global investment. Earlier reporting noted: He made the proposal during discussions with a 14-member high-level business delegation comprising leading industrialists and investors from Singapore. Earlier reporting noted: Led by the Singapore Business Federation, the delegation expressed interest in making substantial investments in strategic sectors such as logistics, semiconductors, data centres, green energy, urban planning and hospitality – with a resolve to accelerate UP’s progress towards the goal of a $1-trillion economy, according to a press statement issued by the state government.
The delegation expressed interest in investment opportunities in logistics, semiconductors, data centres, green energy, urban planning and hospitality, according to a government statement. During this period, the state’s economy, annual budget and per capita income had tripled, he said, adding that the government was committed to ensuring that investment proposals translated into projects on the ground and actual production. The Chief Minister said, “With better law and order, transparent policies and an investment-friendly environment, UP is now emerging as a major hub for investment, innovation and industry. Earlier reporting noted: “The state government is continuing to honour the assurance of safety, stability and speed given to investors during the Singapore roadshow,” he said.
