In a significant push to attract global capital, the Singapore desk of Invest UP recently convened a high-level meeting with Dr Shilpak Ambule, the High Commissioner of India to Singapore. The discussion centered on forging stronger cooperation and identifying fresh opportunities to direct investments into the rapidly industrializing state of Uttar Pradesh.
Showcasing Uttar Pradesh's Industrial Prowess
During the meeting, Shashank Chaudhary, the Additional CEO of Invest UP, provided a comprehensive overview of the state's compelling investment proposition. He detailed the fast-expanding industrial ecosystem, underpinned by transformative infrastructure projects. Chaudhary emphasized the development of world-class expressways, integrated industrial townships, dedicated freight corridors, and modern logistics parks that are reshaping the state's economic geography.
Investor-Friendly Policies and Priority Sectors
Chaudhary elaborated on the suite of policies designed to attract and facilitate business. He highlighted the state's commitment to ease of doing business through mechanisms like single-window clearances, readily available land banks, attractive fiscal incentives, and a proactive facilitation system. The presentation also outlined the priority sectors being promoted through specialized Investor Facilitation Desks.
Furthermore, he detailed Uttar Pradesh's Foreign Direct Investment (FDI) policy and the Global Capability Centre (GCC) policy, both crafted to provide end-to-end support for foreign companies establishing or expanding their operations in the state. These frameworks are aimed at ensuring a smooth and supported entry for international investors.
Growing Singaporean Interest in India's Heartland
Dr Shilpak Ambule expressed his satisfaction with the increasing interest shown by Singapore-based corporations in India, with a particular focus on Uttar Pradesh. The High Commissioner acknowledged the state's potential, describing it as one of the most promising investment destinations within the country. This diplomatic endorsement underscores the strategic importance of the partnership between Singapore's financial hub and Uttar Pradesh's industrial ambitions.
The meeting marks a proactive step by Invest UP to strengthen its international outreach, directly engaging with diplomatic channels to showcase the state's readiness for large-scale investments and foster long-term economic cooperation with Singapore.
