‘US in UP’: Adityanath Talks Investment With 26 American Firms
Senior cabinet minister Siddharth Nath Singh said the ‘US in UP’ is planned along the lines of ‘Vibrant Gujarat’.
With the tagline ‘US in UP’, 26 major American companies will interact with Uttar Pradesh Chief Minister Yogi Adtiyanath in Lucknow, on Monday, to explore investment opportunities in the state.
Senior cabinet minister Siddharth Nath Singh said that ‘US in UP’ is planned along the lines of ‘Vibrant Gujarat’ to showcase the state's investment avenues in chemicals, petrochemicals, pharmaceuticals, cement, gems, textiles and engineering sectors.
Headed by Boeing, the delegation will visit the state under the aegis of the US-India Strategic Partnership Forum (USISPF). Singh said a small delegation, which had visited this state two months ago, realised the "tremendous investment potential".
- 26 American firms to meet UP CM Yogi Adityanath to explore investment avenues in the state
- UP Chief Secretary Rajive Kumar will brief the delegation on investment opportunities
- The delegation will include representatives from firms like Facebook, Adobe, Coca Cola and Mastercard
- USISPF along with UC Berkeley will launch its first co-innovation laboratory in Allahabad
- A small delegation had visited the state two months ago
American Firms to Be Briefed on Investment Opportunities
UP Chief Secretary Rajive Kumar will brief the delegation on investment opportunities along with the UP Industries Development commissioner and principal secretary for industries.
CM Yogi Adityanath will make a courtesy call on the delegation, and is likely to explain the investment incentives offered by the state after BJP stormed to power in UP earlier this year.
Singh said a small delegation had visited UP two months ago and realising the "tremendous investment potential" in the state, a bigger delegation will be travelling to explore its opportunities on Monday.
Officials from the US Embassy and the US Trade and Development Agency (USTDA) will also be a part of the delegation, which will include representatives from Facebook, Adobe, Coca Cola, Mastercard, Mosanto, Uber, Honeywell, P&G, Oracle and GE Health, besides Pratt & Whitney, Merck, Medtronic, Azure Power and Cargill.
'Business-Friendly Climate For Industry'
The USISPF is committed to creating the most powerful strategic partnership between the US and India and promoting bilateral trade is an important task, the Forum said.
It is about business and government coming together in new ways to create meaningful opportunities that have the power to change the lives of citizens.USISPF
It said in a statement that investment incentives offered by the state under the new chief minister "translate into a business-friendly climate for industry."
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