+
Singapore investors commit Rs 200 bn inflow for UP
ECONOMY & POLICY

Singapore investors commit Rs 200 bn inflow for UP

During a four-day presentation in Singapore, the island nation's investors have committed nearly Rs 200 billion worth of investment in Uttar Pradesh in a range of fields such as data centres, logistics services and education. The investments were committed following a four-day presentation, which concluded this week, by the UP Global Investment Summit (UPGIS) delegation led by the state’s Minister of Jal Shakti and Flood Control Swatantra Dev Singh.

Singapore is a partner country in UPGIS, to be held in Lucknow from February 10-12.

“It was a very successful trip. The G2G (government to government) engagement was very warm and fruitful,” Deepak Kumar, Principal Secretary, Basic Education Department of Uttar Pradesh, said.

He added, “The Rs 20,000 crore intended investments will be in infrastructure, hyperscale data centres, inland waterways, logistics and warehousing, food and agro-processing, educational institutions, skilling centres, waste management, and the like.”

According to the chief executive officer, Noida authority, around Rs 77 billion more memorandums of understanding were signed on Monday for investment in semiconductor (FAb), IT parks, agro processing, skills, waterways and smart city in UP.

Besides, the UP government signed 12 financial MoUs with Singapore-based corporations and investors during the visit from December 15-19.

One non-financial MoU was signed with the Singapore Indian Chamber of Commerce and Industry (SICCI) for exploring business opportunities and collaboration in Uttar Pradesh.

See also:
Sweden likely to invest 150,000 million in UP
Microfinance loans increase by 11% in Q2 FY23

During a four-day presentation in Singapore, the island nation's investors have committed nearly Rs 200 billion worth of investment in Uttar Pradesh in a range of fields such as data centres, logistics services and education. The investments were committed following a four-day presentation, which concluded this week, by the UP Global Investment Summit (UPGIS) delegation led by the state’s Minister of Jal Shakti and Flood Control Swatantra Dev Singh. Singapore is a partner country in UPGIS, to be held in Lucknow from February 10-12. “It was a very successful trip. The G2G (government to government) engagement was very warm and fruitful,” Deepak Kumar, Principal Secretary, Basic Education Department of Uttar Pradesh, said. He added, “The Rs 20,000 crore intended investments will be in infrastructure, hyperscale data centres, inland waterways, logistics and warehousing, food and agro-processing, educational institutions, skilling centres, waste management, and the like.” According to the chief executive officer, Noida authority, around Rs 77 billion more memorandums of understanding were signed on Monday for investment in semiconductor (FAb), IT parks, agro processing, skills, waterways and smart city in UP. Besides, the UP government signed 12 financial MoUs with Singapore-based corporations and investors during the visit from December 15-19. One non-financial MoU was signed with the Singapore Indian Chamber of Commerce and Industry (SICCI) for exploring business opportunities and collaboration in Uttar Pradesh. See also: Sweden likely to invest 150,000 million in UPMicrofinance loans increase by 11% in Q2 FY23

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?