With an eye on attracting Rs 10 trillion investment in the proposed Uttar Pradesh Global Investors’ Summit during Feb 10-12, 2023, the Yogi Adityanath government 2.0 is holding a series of roadshows in the West.
The interactive sessions are aimed at engaging with the investors and top companies pertaining to various sectors. Different teams led by senior cabinet ministers and top bureaucrats have been dispatched to different countries to woo their investors and industry captains.
So far, the UP delegations have toured Frankfurt (Germany), London (the UK) and Toronto (Canada) to invite foreign investors. The UP delegations are apprising them of the state’s self acclaimed investor-friendly policies and a gamut of sops for industrial development.
Later, the chief minister is also slated to participate in some of the roadshows including in the US.
Ahead of the roadshow in Toronto, CEO of My Health Center, a Canadian company, Suresh Madan inked an MoU worth Rs 2,050 crore for setting up a multi-specialty hospital and medical college and medical device manufacturing unit in Kanpur.
The delegation to Canada was led by UP assembly speaker Satish Mahana and it also comprised animal husbandry minister Dharampal Singh Saini and chief secretary Durga Shankar Mishra.
Mahana welcomed the members of Indo-Canadian Chambers of Commerce and assured full cooperation for investment in UP.
The Yogi government has already set an ambitious target of UP become a $trillion economy by 2027. The proposed Summit is a step taken to fulfill the same goal.
Meanwhile, Invest UP and Canada India Foundation (CIF) have joined hands for the promotion of the Summit.
In Frankfurt, industrial development minister Nand Gopal Gupta Nandi invited German investors to UP and assured investors of full cooperation. Potential partnerships between UP and Frankfurt for vocational training in skill manpower, aviation, mobility, pharmaceutical and IT sectors was also discussed.
In the UK, the focus of the roadshow led by UP finance Minister Suresh Khanna was on the defence sector. The aim was to deepen the business relationship between the two countries through the UK-India 2030 Roadmap.
The delegation also met Paul West of BAE Systems, which is a leading global defence manufacturer. Apart from this, the delegation met representatives of the Martin Baker Aircraft Company and explored avenues of cooperation with UP.