UP Chief Minister Yogi Adityanath Secures Major Investments During Singapore Visit
In a significant boost to Uttar Pradesh's economic development, Chief Minister Yogi Adityanath commenced his Singapore tour by signing three crucial Memoranda of Understanding (MoUs) with the Universal Success Group. These agreements, collectively valued at Rs 6,650 crore, are poised to transform the rapidly evolving economic corridor surrounding the upcoming Noida International Airport.
Three Key Projects to Drive Regional Growth
The landmark deals encompass a diverse range of infrastructure initiatives designed to create jobs and enhance connectivity. The first project involves a Rs 3,500-crore international theme-based township near Jewar, which will be developed on 100 acres of land allocated by the Yamuna Expressway Industrial Development Authority (YEIDA). Scheduled to commence in 2027, this ambitious township aims to establish a new urban identity for the region as development accelerates around the airport.
The second agreement focuses on a Rs 2,500-crore hyperscale data centre park in Greater Noida. Planned on a 10-acre site with an IT load capacity of 40MW, this project is set to begin in 2028. State officials emphasized that this investment will strengthen Uttar Pradesh's strategic push to emerge as a leading data centre hub, supported by policy incentives and improving digital infrastructure.
The third MoU is for a Rs 650-crore logistics park along the Kanpur-Lucknow highway, spanning 50 acres. Proposed to start in 2027, this facility is expected to generate approximately 7,500 jobs. It is designed to strengthen supply chains and support industrial and export-oriented activities in central Uttar Pradesh.
Job Creation and Economic Impact
According to state government officials, these combined proposals are projected to create over 20,000 employment opportunities across housing, logistics, and digital infrastructure sectors. This substantial job creation underscores the transformative potential of these investments for the local economy.
Engagements with Singaporean Leaders and Investors
During his interactions with industry leaders in Singapore, Chief Minister Adityanath highlighted Uttar Pradesh's policy stability, rapidly expanding expressway network, and improving connectivity through air, road, and rail corridors. He assured investors of comprehensive state support at every level to ensure time-bound implementation of projects.
In separate high-level meetings, Adityanath engaged with key Singaporean entities to explore further investment opportunities. He met with Teo Chee Hean, Chairperson of Temasek Holdings, to discuss expanding the firm's footprint in Uttar Pradesh. Temasek, which manages a global portfolio of approximately $400 billion with nearly $50 billion invested in India, was invited to explore opportunities in infrastructure, logistics, fintech-led city development, and allied sectors.
The discussions revealed that Temasek portfolio company Manipal Hospitals is investing about Rs 500 crore in Ghaziabad, while Ascendas is committing around Rs 500 crore towards logistics and warehousing projects in the state. Both sides agreed to explore collaboration in data centres and skill development initiatives.
Broader Investment Landscape
Adityanath also held a significant meeting with Lim Chow Kiat, Chief Executive Officer of the Government of Singapore Investment Corporation (GIC), Singapore's sovereign wealth fund. Their discussions focused on long-term investments in infrastructure, renewable energy, logistics corridors, integrated townships, and digital platforms aligned with the MSME ecosystem.
In another engagement, the Chief Minister held talks with Tan Su Shan, Chief Executive Officer of DBS Bank, discussing cooperation in digital banking, semiconductor manufacturing, and green energy initiatives.
The visit culminated with a courtesy call on Singapore Prime Minister Lawrence Wong, where both leaders reaffirmed their commitment to strengthening bilateral economic and strategic cooperation, with a focus on higher investment flows and stronger institutional partnerships.
Comprehensive Investment Portfolio
Overall, Chief Minister Adityanath signed six MoUs worth Rs 19,877 crore with four companies during his Singapore visit. Beyond the Universal Success Group agreements, Golden State Capital announced an investment of Rs 8,000 crore for establishing a 100MW capacity data centre in Uttar Pradesh. Another major MoU was signed with Private Infrastructure Development Group for an investment of Rs 2,500 crore in renewable energy, green hydrogen, and agri-solar projects. Additionally, AVPN Limited signed an MoU to invest Rs 2,727 crore in renewable energy and Agri-PV initiatives.
These strategic investments represent a comprehensive approach to economic development, combining infrastructure, technology, and sustainability to position Uttar Pradesh as a premier investment destination in India.
