Message of investment in UP: CM Yogi reached Singapore, held meeting with Chairman of Temasek, emphasis on Invest UP
Singapore. Uttar Pradesh Chief Minister Yogi Adityanath on Monday held meetings with investment-focused institutions from Singapore and discussed opportunities for sovereign investment partnership in his state. The Chief Minister is on a visit to Singapore from 23-24 February. He discussed the possibilities of sovereign investment in Uttar Pradesh in sectors like data centres, logistics hubs, renewable energy and industrial infrastructure. Giving information on social media platform ‘X’, he mentioned the policy framework of the state and the ‘fast-track’ (accelerated) approval system for global investors.
“Had a productive meeting with GIC Chief Executive Officer (CEO) Lim Chow Kiat and his delegation in Singapore today,” he wrote.
Yogi said that opportunities for long-term institutional investment in Uttar Pradesh, especially in infrastructure, logistics, industrial parks and sustainable urban development projects, were discussed. The Chief Minister appreciated GIC’s existing partnerships in Uttar Pradesh including its partnership with IRB in the Ganga Expressway project and collaboration with Greenco in the state.
Yogi also held a meeting with DBS Group Chief Executive Officer Tan Su Shan and her senior leadership team. “Discussions were held on strengthening financial cooperation, facilitating project financing and supporting investment flows in infrastructure and development sectors in Uttar Pradesh,” he wrote on ‘X’.
DBS has a wholly owned subsidiary in India and is one of the leading Singaporean business groups operating in one of the world’s fastest growing economies. He also mentioned the meeting he held with Temasek Chairman Teo Chee Hean and his team in Singapore. Yogi said investment opportunities in data centres, logistics hubs, renewable energy and industrial infrastructure were discussed and investment-friendly policies of the state were presented.
The Chief Minister had said on Sunday that his visit is in line with the blueprint of the India-Singapore Comprehensive Strategic Partnership (CSP), which includes primary pillars such as economic cooperation, digitalization, skill development, sustainability, connectivity and advanced manufacturing. During the visit, the Chief Minister will hold high-level meetings with Singapore’s political leadership, including Prime Minister Lawrence Wong, Foreign Minister Vivian Balakrishnan, Manpower Minister Tan See Leng and Singapore President Tharman Shanmugaratnam.
On Monday evening, the Chief Minister will meet the Indian expatriate community at One World International School, where the cultural program will be followed by an interaction with people of Indian origin and Singaporeans whose ancestors are from Uttar Pradesh. The chief minister is on a four-day visit to Singapore and Japan where he will present Uttar Pradesh as the “manufacturing hub of India” and attract investment in key sectors, officials said.
He will discuss data center infrastructure, renewable energy prospects and investments in agri-business and automobile sectors. Meetings are also scheduled with representatives of various companies including Google, Toshiba and Suzuki Motors. This is the Chief Minister’s first foreign visit after his visit to Myanmar in 2017. He will be in Singapore on 23-24 February and Japan on 25-26 February.
According to officials, in Japan the Chief Minister will discuss green hydrogen, supply chain development and investment in the hospitality sector with industry representatives. Apart from investor meetings, the Chief Minister will also interact with the Indian diaspora and students and share the state’s development journey and vision of becoming a trillion dollar economy.
Temasek chairman met Yogi
With an aim to further empower Uttar Pradesh on the global investment map, Chief Minister Yogi Adityanath held important meetings with various foreign investors and corporate representatives on the first day of his visit to Singapore. In these meetings, detailed discussions were held on various aspects of investment prospects, industrial cooperation and long-term partnerships in the state. On the first day, the Chief Minister first met Teo Chee Hean, Chairman of Singapore’s leading investment company Temasek Holdings, and his team.
Temasek’s global investment portfolio and investment in Uttar Pradesh were discussed in the meeting. During the meeting, the Chief Minister invited Temasek to invest in infrastructure, logistics, health, warehousing, fintech based urban development and other related sectors in Uttar Pradesh. Information related to investment of about Rs 500 crore by Temasek’s portfolio company Manipal Hospitals in Ghaziabad and investment of about Rs 500 crore by Ascendas for the development of logistics and warehousing facilities in the state was also shared in the meeting.
This investment is believed to give a new impetus to the health and industrial infrastructure in the state. In the meeting, both sides agreed to explore possibilities of cooperation in emerging areas like data center and skill development. This cooperation will be in line with Uttar Pradesh’s vision of building future-oriented infrastructure and extensive employment generation, which will help in making the state technologically stronger and economically more capable. The Chief Minister gave detailed information to the investors about Uttar Pradesh’s better law and order, world-class connectivity, developing expressway network, defense corridor, data center policy, electronics manufacturing and rapidly emerging logistics hub.
Expressed eagerness to invest in UP
He said that Uttar Pradesh today is among the fastest growing economies of India and the state government is providing transparent, prompt and investor-friendly environment to the industries under ‘Ease of Doing Business’. The Chief Minister said that the Uttar Pradesh government is committed to a long-term and trustworthy partnership with investors, which can lead to large-scale employment generation and development of technical capacity in the state.
This visit of the Chief Minister is being considered important for investment in Uttar Pradesh. It is expected that through this, new possibilities for foreign investment will open up in Uttar Pradesh and the state will gain momentum towards the goal of making it a trillion dollar economy. It is noteworthy that under this campaign of investment promotion in the state, Deputy Chief Minister Keshav Prasad Maurya is currently on a tour of Europe.
CM Yogi discussed long term investment with GIC of Singapore
In order to establish Uttar Pradesh as a global investment destination, Chief Minister Yogi Adityanath held an important meeting with Lim Cho Kiat, Chief Executive Officer of the leading sovereign investment institution GIC (Government of Singapore Investment Corporation) and his team during his visit to Singapore. In this high-level meeting, there was a wide discussion on the possibilities of long-term investment of GIC in Uttar Pradesh.
Inviting GIC to explore long-term investment opportunities in Uttar Pradesh, the Chief Minister highlighted the state’s policy stability, good governance, strong law and order, huge consumer population of over 25 crore and rapidly developing infrastructure as major attractions. He said that Uttar Pradesh is today the state with the fastest growing economy in India and the government is providing a safe, transparent and favorable environment to investors.
The meeting discussed in detail the possibilities of cooperation in areas such as development of logistics and warehousing infrastructure along industrial corridors, renewable energy and energy storage projects, data centers and digital infrastructure, commercial real estate and integrated townships in emerging urban centres, fintech and digital platforms tailored to the MSME ecosystem and skill development for future-oriented industries. The Chief Minister said that the Uttar Pradesh government is committed to developing the state as a “future-ready” industrial and economic hub.
Expressway networks, multimodal logistics parks, defense corridors, data center parks and new industrial cities are developing rapidly in the state, which provide stable and profitable opportunities for long-term investors. GIC, one of the world’s leading long-term sovereign asset investment institutions, has a strong investment base across the infrastructure, real estate, fintech and digital platform sectors in India. In this context, this meeting held between the Chief Minister and GIC is considered to give a new direction to the flow of global capital in Uttar Pradesh. It is noteworthy that as part of this sequence of investment invitation in the state, Deputy Chief Minister Keshav Prasad Maurya is on a tour of Europe.
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