UP Eyes Big Investment From Japan and Australia, Delegation Meets

Ahead of the Global Investors Summit 2023, the Uttar Pradesh government is eyeing big investments from countries like Japan, Thailand and Australia. A delegation of investors from Australia met the UP Chief Minister Yogi Adityanath at his official residence on Friday and expressed their interest in investing in UP. 

It may be recalled that the GIS 2023 is scheduled to be organised by the UP government in Lucknow from 10 to 12 February 2023. The UP government aims to use this mega event as a tool to meet its target for making UP a $ One Trillion economy. After America, many other countries have also shown interest in investing in UP in sectors like Information Technology, Tourism, Dairy, Electronics, Logistics and Textiles. 

A delegation of Australian investors met Chief Minister Yogi Adityanath at his official residence on Friday. During the meeting, the delegation said that it was impressed by the excellent environment of ‘Ease of Doing Business’ and ‘Ease of Starting Business’ in Uttar Pradesh. They discussed the possibilities of investment in various sectors in Uttar Pradesh, as well as expressed enthusiasm for participation in the Global Investors Summit 2023.

The state government has been in constant touch with investors from Japan, Thailand, Singapore and Australia. Investors from Singapore and Japan are showing interest in the logistics sector apart from IT and electronics, while the investors of Thailand are targeting the tourism sector. Moreover, Australian investors are giving priority to the dairy and textile industries.

Singapore’s High Commissioner Simon Wong, South Korea’s Counselor Minsim Kum, Thailand’s Ambassador Pattarat Hongthang and Japan’s Consul Tsuchiya Takahiro, who were present at the curtain raiser function of UPGIS 2023 held in New Delhi recently, where they expressed willingness for strong industrial partnership with Uttar Pradesh. 

As informed by Simon Wong, Singapore has already strengthened its alliance with the Yogi Adityanath government for the UP Global Investor Summit 2023. Moreover, according to Tsuchiya Takehiro, Japan, India is a very important partner for Japan. Currently, there are 300 different companies in UP, which include manufacturing and the state has a favourable atmosphere in terms of logistics. Takehiro has also received assurance from Japan for all economic cooperation for the development of Uttar Pradesh.

On behalf of the Yogi government, officers above the secretary level of the Departments of Tourism, Horticulture, Industrial Development, Dairy, Higher Education have been deployed for establishing communication with companies from Japan, Singapore, Thailand and Australia. Apart from this, it is being monitored by the Chief Minister’s Office, while three officers from Invest UP are also engaged in contacting these countries. 

Companies which the UP government has reached out to for GIS 

In IT sector (Japan and Singapore)

SoftBank, DoCoMo, NTT, KDDI, Z Holdings, Nexon, Epixel, Tech TIQ Solution, Win-Pro Consultancy, IT Easy, EC Infosolution, Aryan Solution, iSport Service Singapore and Ramp IT Solution.

In the logistics sector (Japan and Singapore)

DB Schnecker Logistics, Singapore Post, Yusen Logistics, Aramex, Uparcel, Yamato, Nippon and Japan Post.

In the tourism sector (Thailand)

Travel Talk, Intro Travel, True Travel, Feel Free, G Adventure, Destination Service, Realistic Asia, Ultimate and Intermid.

In the dairy sector (Australia)

Cavalli Dairy, Bannister Down Dairy, Procall Dairy, Vplus Dairy, Meredith, Ashgrove Cheese, Warmambool Cheese & Butter, Burra Foods and Brown Dairy