In a significant move to bolster its international investment profile, the Uttar Pradesh government's investment promotion agency, Invest UP, has intensified its strategic engagements in Singapore. The delegation's primary objective is to attract major investments in Global Capability Centres (GCCs), Information Technology (IT), IT-enabled Services (ITeS), and high-value service operations to the northern Indian state.
Strategic Meetings with Financial and Business Leaders
The Invest UP delegation, spearheaded by its Additional CEO, Shashank Chaudhary, held crucial discussions with top executives in Singapore's financial and corporate sectors. A key meeting was conducted with Michelle Teo, Executive Director of the Government Linked Corporations Institutional Banking Group at DBS Bank.
During this high-level interaction, the team presented Uttar Pradesh's dedicated GCC policy and the suite of incentives crafted to foster large-scale, technology-driven service ecosystems. Recognised globally for its digital innovation and sustainability focus, DBS Bank showed considerable interest in the state's policy framework. The bank also shared its institutional banking priorities, with a special emphasis on renewable energy and sustainable finance as critical growth drivers. This dialogue paved the way for potential future collaboration, with Invest UP urging DBS to disseminate information about UP's policy benefits across its vast client network.
Engaging with Singapore's Apex Business Chamber
Furthering its outreach, the delegation met with Amarpreet Singh, Senior Market Advisor at the Singapore Business Federation (SBF). The SBF is the nation's premier business chamber, representing the interests of over 32,000 companies.
Discussions here centred on Uttar Pradesh's rapidly evolving infrastructure landscape. Officials highlighted the state's expanding network of expressways, developing industrial nodes, modern IT parks, and integrated townships. A major point of focus was UP's demographic dividend – a vast, skilled, and cost-competitive workforce that presents a compelling advantage for global companies.
Invest UP also showcased the Kaushal Connect Cell, a strategic initiative designed to bridge the gap between talent development and industry demands in sectors like IT, ITeS, and Banking, Financial Services and Insurance (BFSI). The officials underscored the state's investor-friendly policies, competitive incentive structures, and comprehensive facilitation support, all aimed at enhancing the ease of doing business and creating a fertile ecosystem for global service centres.
Positioning Uttar Pradesh as a Future-Ready Hub
This proactive engagement in Singapore is a clear part of Invest UP's sustained international investor outreach program. The agency is systematically positioning Uttar Pradesh as an emerging powerhouse for technology, financial services, and corporate operations. By directly interacting with global financial institutions and influential business networks, the state aims to translate these strategic discussions into concrete investment commitments, driving job creation and economic growth.
The meetings successfully highlighted UP's integrated value proposition:
- Progressive Policy: A dedicated GCC policy with attractive incentives.
- Infrastructure Growth: Massive development in connectivity and industrial real estate.
- Talent Pipeline: Initiatives like Kaushal Connect to ensure a ready workforce.
- Business-Friendly Environment: A focus on simplification and facilitation for investors.
The outcome of this Singapore visit is expected to generate significant leads and build stronger bridges with Asian capital and expertise, further diversifying Uttar Pradesh's economic base.
