Uttar Pradesh Chief Minister Yogi Adityanath concluded his four-day visit to Singapore and Japan, securing Memorandums of Understanding worth Rs 1.5 lakh crore and investment proposals of Rs 2.5 lakh crore. The visit is described as a decisive step toward the state's goal of a one-trillion-dollar economy by 2029-30. Key sectors include semiconductors, green energy, and automotive components.
Uttar Pradesh Chief Minister Yogi Adityanath's four-day visit to Singapore and Japan yielded significant investment commitments. The state government reported Memorandums of Understanding (MoUs) worth Rs 1.5 lakh crore and investment proposals amounting to Rs 2.5 lakh crore. Adityanath described the trip as a 'decisive step' in achieving Uttar Pradesh's target of a one-trillion-dollar economy by 2029-30.
During the Japan leg, Adityanath pitched Uttar Pradesh as India's largest consumer market with a 25 crore population. 'Uttar Pradesh, with a population of 25 crore, is India's largest consumer market. The larger the population, the greater the challenges and the greater the opportunities,' he said at a Tokyo investment roadshow. He assured Japanese companies of special benefits in the proposed 500-acre 'Japan City' near the Noida International Airport, aimed at Japanese investors with auto clusters and R&D facilities.
MoUs were signed with companies including Kubota Corporation, Spark Minda in collaboration with Toyo Denso, Japan Aviation Electronics Industry, and Nagase & Co. Ltd. Business-to-government meetings involved Suzuki Motor Corporation, Honda Cars India Ltd., Konoike Transport Co. Ltd., Mitsui & Co. Ltd., Rapidus Corporation, Marubeni Corporation, Sumitomo Realty & Development Co. Ltd., and MUFG Bank.
Key sectors highlighted were agricultural machinery, auto OEMs and components, automotive R&D, semiconductors, data centers, green hydrogen, power-to-gas, compressed biogas, ESDM, logistics, and warehousing. An announcement was made for a Green Hydrogen Centre of Excellence in collaboration with the University of Yamanashi, Yamanashi Hydrogen Company, IIT Kanpur, Harcourt Butler Technical University Kanpur, IIT BHU, and Madan Mohan Malaviya University of Technology Gorakhpur.
Adityanath proposed partnerships in data centres, semiconductors, and green energy, and invited investments in tourism and hospitality. He visited the L0-series Maglev train station, experienced a high-speed train ride, and inspected FANUC Corporation's plant, which expressed interest in investing in Uttar Pradesh and supporting MSME technological upgradation.
Agreements were reached to boost the Japan Desk at Invest UP under Chief Minister's Office oversight, facilitate technology transfer, skill development, joint ventures, and supply-chain integration for MSMEs. Tourism promotion will link the Buddhist Circuit and Ramayana Circuit for investments in hospitality, infrastructure, and services. Language and technical training programs aligned with Japanese industry needs will be launched.
In Singapore, Adityanath met the President, Prime Minister, Deputy Prime Minister, and ministers, discussing industrial, technological, and infrastructure cooperation, including developing Noida International Airport as an MRO and cargo hub. Adityanath noted that the state's economy and per capita income have nearly tripled over the past nine years. 'Investment in Uttar Pradesh is secure because scale, skill, stability and speed are all available here,' he added.
