UP inks MoU with Nuevo Leon for varied investments

10 Aug 2023 CW Team

The Uttar Pradesh government and the Mexican state of Nuevo Leon entered a Memorandum of Understanding (MoU) on August 5, 2023, paving the way for investments spanning tourism, infrastructure, pharmaceuticals, and medical sectors within the state.

The signing ceremony was graced by the presence of Uttar Pradesh Chief Minister Yogi Adityanath and Governor Samuel Garcia Cefalveda of Nuevo Leon.

As a delegation from Nuevo Leon explores avenues for industrial investments in Uttar Pradesh, the state has strategically positioned itself as an attractive destination across various sectors. This includes logistics, tourism, and more, primarily due to its contemporary infrastructure offerings. These include well-connected expressways, interstate networks, robust air connectivity, an extensive rail system, an inland waterway, and a dedicated freight corridor junction.

The state has already put in place 25 sectoral policies designed to draw industrial investment. Uttar Pradesh Chief Minister affirmed that the state is extending supportive facilities to investors to encourage and facilitate their investments.

This MoU underscores Uttar Pradesh's commitment to fostering economic growth through strategic collaborations and diversification across key sectors, potentially resulting in substantial developmental advancements.

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