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.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..