uttar pradesh Chief Minister Yogi Adityanath held a meeting with Singapore’s investment-focused government entities on Monday to discuss opportunities for sovereign investments to participate in the state.
He arrived in the city-state on Monday.
The Chief Minister discussed the opportunities for sovereign investment participation in data centres, logistics centres, renewable energy and industrial infrastructure in Uttar Pradesh.
Singapore leader says India has achieved reforms once thought impossible, praising its scale and global transparency
His post on X highlighted the state’s policy framework and fast-track approvals for global investors.“Had a fruitful meeting with GIC CEO Lim Chow Kiat and his delegation in Singapore today,” he said in a second article published on X after meeting with the Government Investment Corporation (GIC).“Explore avenues for long-term institutional investment in Uttar Pradesh, especially in infrastructure, logistics, industrial parks and sustainable urban development projects.GIC is grateful for its existing partnerships in Uttar Pradesh, including with IRB on the Ganga Expressway project and with Greenko in the state,” he said.The Chief Minister will visit Singapore on February 23 and 24 and will have a fruitful meeting with DBS CEO Tan Su Shan and his senior leadership team.He wrote onDBS Bank, which has a wholly-owned subsidiary in India, is one of Singapore’s top business groups with operations in one of the world’s fastest growing economies.In another article, he mentioned his fruitful meeting with Temasek Holdings (Private) Ltd. chairman Teo Chee Hean and his team in Singapore.Adityanath posted onAccording to an official statement, Temasek has a global investment portfolio of approximately US$400 billion, of which nearly US$50 billion is invested in India.The Chief Minister invited Temasek to explore investment opportunities in Uttar Pradesh, especially in infrastructure, logistics, fintech-led urban development and related sectors, a statement issued in Lucknow said. * *During the interaction, Temasek revealed that its portfolio company Manipal Hospitals is investing around Rs 500 crore in Ghaziabad.Ascendas Group, another Temasek Holdings portfolio company, said it is investing about Rs 5 billion to develop logistics and warehousing facilities in the state.Both parties agreed to explore opportunities for collaboration in emerging areas such as data centers and skill development, in line with Uttar Pradesh’s vision for future-proof infrastructure and job creation.The CM on Sunday said his visit is in line with the India-Singapore Comprehensive Strategic Partnership (CSP) roadmap, which identifies priority pillars including economic cooperation, digitalization, skill development, sustainability, connectivity and advanced manufacturing.During the visit, the Chief Minister will hold high-level meetings with Singaporean political leaders, including Prime Minister Lawrence Wong; Foreign Minister Vivian Balakrishnan; Singapore President Tan Siring; and Minister for Manpower and Minister in Charge of Energy and Technology Tharman Shanmugaratnam Shanmugaratnam.The plan also includes collaboration with leading sovereign and institutional investors such as Temasek and GIC, as well as business leaders in data infrastructure, logistics, aviation services, financial services and advanced manufacturing.The Chief Minister will meet the Indian diaspora at the One World International School on Monday evening, where a cultural program is expected to welcome him, followed by talks with a large group of Singaporeans of Indian origin and whose ancestors are from Uttar Pradesh.Officials said Adityanath is on a four-day visit to Singapore and Japan, where he will position Uttar Pradesh as “India’s manufacturing hub” and attract investments in key sectors.He will discuss data center infrastructure, the outlook for renewable energy and explore investments in the agribusiness and automotive industries, arranging meetings with representatives from companies including Google, Toshiba and Suzuki Motor.The visit, scheduled to take place from February 23 to 26, will be the chief minister’s first overseas trip after visiting Myanmar in 2017.He will spend two days in each country, in Singapore from February 23 to 24 and in Japan from February 25 to 26.The chief minister will engage with industry representatives on green hydrogen, supply chain development and hotel investments during his Japan trip, officials said.Apart from investor meetings, Adityanath will also interact with the Indian diaspora and students to share India’s development journey and vision of achieving a trillion-dollar economy.