नवीनतम
UP gov launches campaign to position state as global investment hub
LUCKNOW [Maha Media]: Uttar Pradesh government has launched an extensive campaign to position the state as a global investment hub. With a strong emphasis on attracting foreign capital, the state is implementing the China+1 strategy, engaging with over 200 international companies to date, according to an official release from the state government.
To turn these opportunities into reality, the government is collaborating closely with Indian embassies and various global institutions. As a result, investor confidence in Uttar Pradesh is steadily increasing, and the state is rapidly emerging as a preferred destination for global investment, according to the release.
Under this strategy, the focus is on companies from countries such as the United States, Japan, China, France, and Denmark. This includes more than 30 companies from the US, nearly 30 from Germany, 20 from Japan, 14 from China, seven each from Switzerland and France, six from Denmark, and five from Spain--all of which are expressing interest in investing in the state.
To streamline this process, the government plans to establish special country-specific teams and desks to convert these leads into concrete investments, with active support from Indian embassies abroad.
As part of its investment promotion drive, the Uttar Pradesh government has already made significant progress. Out of 574 Production Linked Incentive (PLI) projects approved by the Government of India, 70 companies are currently operating in UP, 11 are working on new projects, and 20 have directly signed MoUs with the state government. In addition, active follow-ups are underway with 473 companies to accelerate investment.
