Early Times Report
LUCKNOW, Oct 28: With a resolve to establish Uttar Pradesh as the country's leading growth engine and accelerate its progress towards the goal of a $1 trillion economy, Chief Minister Yogi Adityanath held detailed discussions on Tuesday with a 14-member high-level business delegation of leading industrialists and investors from Singapore in Lucknow. Led by the Singapore Business Federation, the delegation expressed interest in making substantial investments in strategic sectors such as logistics, semiconductors, data centres, green energy, urban planning and hospitality. The delegation is visiting Uttar Pradesh following the Chief Minister's visit to Singapore in February.
Welcoming the delegation, the Chief Minister said, "The vision of the late Lee Kuan Yew, the architect of modern Singapore, had demonstrated to the world that a country's global identity depends more on its vision, efficiency and optimal utilisation of resources than on its geographical size."
He added, "Under the visionary leadership of Prime Minister Narendra Modi over the past 12 years, India had moved beyond the status of a 'fragile economy' to establish itself among the world's leading and robust economies. Similarly, over the past nine and a half years, Uttar Pradesh had shed its erstwhile 'BIMARU' image and emerged as the country's growth engine. The state's GDP, annual budget and per capita income had tripled, while women's participation in the workforce had also increased threefold. Uttar Pradesh continued to remain a revenue-surplus state without imposing any new taxes on the public."
Referring to his meetings with Singapore President Tharman Shanmugaratnam and Prime Minister Lawrence Wong during his visit to Singapore in February 2026, the Chief Minister said, "Investment agreements worth approximately Rs 60,000 crore had been agreed upon during the visit. The state government was continuing to honour the assurance of safety, stability and speed given to investors during the Singapore roadshow."
The focus now, he said, was on translating investment proposals into reality and commencing production.
The Uttar Pradesh government would stand firmly with investors throughout the process, from MoU to manufacturing and groundbreaking to production, extending the necessary support at every stage.
The Chief Minister proposed developing a dedicated 'Singapore City' and a high-tech industrial township near the Noida International Airport at Jewar. He said, "The region, situated at the confluence of the Eastern and Western Dedicated Freight Corridors and connected to a world-class expressway network, had the potential to emerge as a major supply chain hub for international companies in northern India. Uttar Pradesh has a land bank of more than 75,000 acres available for industrial investment, while 27 integrated manufacturing and logistics clusters are being developed. The six strategic nodes of the UP Defence Industrial Corridor, located in Lucknow, Kanpur, Jhansi, Agra, Aligarh and Chitrakoot, have received investment proposals worth more than Rs 35,000 crore." |
