Lucknow, 5 December (IANS). Chief Minister Yogi Adityanath, while giving a high-level review of the ongoing efforts to give new impetus to foreign investment in the state on Friday, clearly said that Uttar Pradesh has now become a state of not only investment potential but also investment confidence.
He told the officials that communication with every investor should be continuous and there should be no scope for delay at any stage. The Chief Minister bluntly said that ‘Speed, Stability and Support’ should be the identity of the new Uttar Pradesh.
It was informed in the meeting that Uttar Pradesh has received foreign investment of US $ 683 million in the period till September 2025 of the financial year 2025-26 and the total cumulative foreign investment of the state has now reached US $ 2,754 million since October 2019. Officials also said that the state has received foreign investment inflow of Rs 5,963 crore during the current period, which shows a sharp increase compared to previous years.
The Chief Minister was informed that so far 11 investment applicants have given proposals worth Rs 13,610 crore under the FDI-FCI-Fortune 500 Policy-2023. Apart from this, investment proposals worth Rs 17,810 crore have been received through 22 applications and 29 applications involving investment of Rs 56 thousand crore are in the pipeline. It was also informed that Japan, USA, Belgium, United Kingdom, Poland and Singapore remain the major investment partners of Uttar Pradesh.
The CM was informed that the foreign country desks set up for Japan, South Korea, Taiwan, Germany, France, Singapore and Gulf countries are continuously active. Constant communication is going on with embassies, high commissions and trade associations. More than 100 one-to-one meetings have been held with investors. Agreements with the Japan Trade Organization and the Singapore International Chamber of Commerce are also being converted into concrete investment opportunities.
In the review of Gulf Cooperation Council Sector Desk, it was told that so far 6 round table meetings have been held in Delhi, Noida, Mumbai, Lucknow and Kanpur, which led to direct communication with 83 companies and investment proposals worth about Rs 5,000 crore came forward. Information technology, electronics and manufacturing sectors attracted the most interest, while banking, finance, insurance, pharma, life sciences, media and entertainment sectors were said to have high potential.
The Chief Minister also gave clear instructions regarding Lalitpur Pharma Park that the infrastructure works related to it should be expedited. He said that many big pharmaceutical companies have shown interest in investing here, hence constant communication should be maintained with them and facilities like land, electricity, water should be ensured on time.
The Japan Desk review reported that the detailed project report and documentation process on Denso’s brownfield expansion project is progressing. The Kansai Pharmaceutical Industry Association is following up with 125 Japanese companies. The process of setting up a Green Hydrogen Center of Excellence in collaboration with the Indian Institute of Technology Kanpur has also started. Continuous talks are going on regarding investment from Toyota Group, Sumitomo and Marubeni. A total investment target of Rs 20,000 crore has been set under Japan Desk.
Regarding the Taiwan desk, the Chief Minister clearly said that efforts should be intensified here. He directed that continuous communication should be maintained with Taiwanese investors and not limited to road shows only. It was told in the meeting that more than 40 companies have been identified and an investment pipeline of about Rs 100 crore is ready. Noida, Greater Noida and Yamuna region are being developed as electronics and semiconductor hubs, where HCL-Foxconn’s investment of Rs 3,700 crore will form a strong base. A plan to develop Kanpur as a technical textile and sportswear center was also put forward.
South Korea Desk’s review said that talks regarding investment have advanced with companies like Samsung, LG, KH Vetec and DreamTech. LG Electronics has a proposed expansion of about Rs 850 crore in Gautam Buddha Nagar, while Lotte Group’s investment of about Rs 400 crore is under process. The Chief Minister also directed to further strengthen communication and facilitation for Korean companies.
Under the Singapore desk, investors such as Temasek, Government Investment Fund, PSA, DBS, Capitaland-Ascendas, Keppel and Sembcorp are showing continued interest in UP.
The Chief Minister also said that round table meetings should be held at regular intervals by all foreign desks. He asked the Invest UP team to have a single point of contact with every investor, so that he does not have to navigate through the system.
The Chief Minister laid special emphasis on ‘Plug and Play’ model to give impetus to industries. He said that if the investor gets ready infrastructure from day one, he will be able to start work faster and this model will take Uttar Pradesh ahead of other states.
Regarding the National Capital Region, the Chief Minister said that companies should be motivated to open their corporate and headquarters here. The Chief Minister also gave instructions regarding Bundelkhand Industrial Development Authority that there should be no shortage of necessary human resources there.
–IANS
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