Uttar Pradesh Attracts $13 Billion in Investment Proposals in Singapore

Uttar Pradesh Attracts $13 Billion in Investment Proposals in Singapore.webp

Singapore/Lucknow, February 24 Uttar Pradesh Chief Minister Yogi Adityanath said on Tuesday that the state has received investment proposals worth Rs 1 lakh crore during his ongoing visit to Singapore, adding that memoranda of understanding (MoUs) worth Rs 60,000 crore have already been signed.

Speaking on the second day of his visit, Adityanath said he held "positive and productive" discussions with Singapore's Deputy Prime Minister, Home Minister, and Energy Minister on expanding economic cooperation and investment opportunities in Uttar Pradesh.

"Since Monday, UP has received investment proposals worth Rs 1 lakh crore during the Singapore visit. So far, MoUs worth Rs 60,000 crore have been signed," he said.

The chief minister also met top executives and chairpersons of major global fintech and investment firms, including GIC and Blackstone, and described the meetings as encouraging for future partnerships.

"The people's perception about Uttar Pradesh has undergone a 360-degree transformation," Adityanath said, highlighting improvements in infrastructure, governance, and the investment climate in the state.

He noted that Singapore is a global hub for aircraft maintenance, repair, and overhaul (MRO) services and said similar world-class facilities could be developed in India.

"We want to develop such an MRO ecosystem at the Jewar International Airport," he said.

Adityanath added that the strong investor response reflects growing global confidence in Uttar Pradesh as a major economic destination in India.
 
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blackstone economic cooperation fintech gic governance infrastructure investment climate investment firms investment proposals jewar international airport memoranda of understanding (mous) mro (maintenance, repair, and overhaul) singapore uttar pradesh yogi adityanath
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