Uttar Pradesh Chief Minister Yogi Adityanath Showcases State's Investment Potential at Singapore Roadshow
Addressing a major investment roadshow in Singapore on Tuesday, Uttar Pradesh Chief Minister Yogi Adityanath emphasized the state's robust Triple S model—safety, stability, and speed—as the ultimate guarantee for investors. The event, titled 'Invest UP Mega Road Show', served as a platform to attract global capital into India's most populous state.
Unveiling the Singapore City Concept Near Noida International Airport
In his detailed presentation, CM Adityanath revealed an ambitious plan to develop a Singapore City in close proximity to the upcoming Noida International Airport at Jewar. "If investors from Singapore wish to enter the National Capital Region, we are working on the concept of a specially planned Singapore City for them," he stated. He explained that land has been strategically arranged around the Yamuna Expressway to enable investors to leverage airport connectivity, advanced logistics, and world-class infrastructure.
Economic Transformation and Performance Metrics
Assuring a secure and favorable business environment, the Chief Minister highlighted Uttar Pradesh's remarkable economic journey. "The state has evolved from a 'Land of Potential' to the 'Land of Performance'," he declared. Key economic indicators presented include:
- The Gross State Domestic Product (GSDP) surged from Rs 13 lakh crore to Rs 36 lakh crore over the past nine years.
- Per capita income nearly tripled during the same period.
- UP has maintained a revenue surplus for the last five years, contributing approximately 9.5% to India's economy.
- The state ranks first in deregulation and is a top achiever in ease of doing business, with 99% of criminal provisions eliminated to support de-criminalization efforts.
Infrastructure and Connectivity Advantages
CM Adityanath underscored Uttar Pradesh's superior infrastructure, which includes:
- A 75,000-acre land bank available around expressways, airports, and the dedicated freight corridor.
- 55% of India's total expressways located within UP, supported by a 16,000 km railway network and Metro operations in seven cities.
- 16 operational airports, including four international ones, with the Noida International Airport set to be inaugurated soon.
- India's first national waterway from Varanasi to Haldia is operational, featuring multi-modal terminals along the route.
Industrial Growth and Sectoral Opportunities
The Chief Minister pointed to significant industrial expansion, with the number of factories increasing from 14,000 to over 31,000 in the last nine years. He also noted that UP, despite having only 11% of India's agricultural land, produces over 21% of the country's total foodgrains. This creates vast investment opportunities in food processing and value addition sectors. Additionally, he emphasized the availability of trained and skilled manpower as a major benefit for investors.
Memorandums of Understanding Signed
The roadshow culminated in the signing of several Memorandums of Understanding (MoUs) to bolster investment inflows:
- Blue Planet: For integrated waste management projects.
- AC Aviation Pvt Ltd: For Maintenance, Repair, and Overhauling (MRO) and helicopter parts manufacturing.
- Gayatri Chain FnB & Associates: For investment in the catering and hospitality sector.
- KLK Ventures: For establishing a solar panel manufacturing unit.
- Ishtara Jewellery & Maestro Productions: For investment in the jewellery and creative/media production sectors.
CM Yogi Adityanath's presentation in Singapore effectively positioned Uttar Pradesh as a premier investment destination, backed by concrete data, strategic initiatives, and a commitment to fostering a business-friendly ecosystem.
