UP Govt signs MoUs with South Korea and Japan for INR 183.50 billion

16 Jan 2023 CW Team

According to officials the government of Uttar Pradesh and these businesses recently signed a Memorandum of Understanding (MoU). In the state's new textile and apparel industries, waste management, and manufacturing sectors, around 16700 youth will find work. On the direction of Chief Minister Yogi Adityanath, a delegation from the government of Uttar Pradesh last month travelled to Japan and South Korea to extend invites for the Global Inventors Summit. The delegation was led by Tourism Minister Jaiveer Singh.

The team attended 22 meetings with business and government representatives and received nine investment offers totalling INR 254.56 billion, which are expected to result in the creation of 17,000 employment. Four of these plans have had MoUs for a combined INR 183.50 billion signed on them. Team Yogi met with Samsung Electronics, Coupang, and the Korea Overseas Infrastructure and Urban Development Corporation (KIND) in South Korea. B2G talks with NTT Global, Seiko Advance Ltd., Mitsui & Co., and Chubu Electric Power were held in Japan.

One World Corporation, Mitsui & Co. Global Logistics, Japan India Industry Promotion Association, Nissenken Quality Evaluation Center Tokyo Laboratory, and other significant investors held fruitful discussions with Team Yogi considering investment. The textile and apparel sectors in UP will get investments from the Japan India Industry Promotion Association and the Nissenken Quality Evaluation Center Tokyo Laboratory of INR 25 and INR 100 billion respectively. As a result, 5,000 and 10,000 new jobs will be created in UP, respectively.

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..