December 3, 2023

Ahead of the Global Investors Summit 2023, the roadshows and network meetings by ministers and Uttar Pradesh government officials have already started bearing fruits. A large number of companies from countries like Canada have already started signing spot MoUs with the Yogi Adityanath led Uttar Pradesh government. In this series, Canada’s My Health Centre Inked has inked a Rs 2050 crore deal with the UP government to set up a state of the art healthcare system in Kanpur district of UP. 

It may be recalled that the UP government is organising a mega event, the Global Investors Summit 2023 from 10 to 12 February 2023 in the state capital. The government is aiming to use this event as a tool for its $ One Trillion economy goal. CM Yogi Adityanath has been sending teams to Frankfurt (Germany), London (the UK) and Toronto (Canada) to invite foreign investors to UPGIS 2023. These teams have held roadshows to discuss the possibilities of investment in various sectors in the state as well as the government’s investor-friendly policies with the officials of the respective countries, generating a lot of interest among foreign investors.

Ahead of the roadshow in Toronto, during a one to one business meeting, the CEO of a Canadian company My Health Centre, Suresh Madan, inked an MoU worth Rs 2050 crore with a delegation from Uttar Pradesh for setting up a multi-specialty hospital and medical college and medical device manufacturing unit in Kanpur. 

The delegation that held a road show in Toronto was headed by Assembly Speaker Satish Mahana. Animal Husbandry Minister Dharampal Singh Saini and Chief Secretary Durga Shankar Mishra. They assured investors of safe investment in Uttar Pradesh and also answered all queries. Mahana welcomed the members of Indo-Canadian Chambers of Commerce and assured all cooperation for investment in Uttar Pradesh. About 70 to 80 investors from Indo Canada Chamber of Commerce were present on the occasion. 

Meanwhile, Invest UP and Canada India Foundation (CIF) have joined hands for the promotion of UPGIS 2023. CIF will act as the brand ambassador of Uttar Pradesh in Canada. Earlier, the delegation met representatives of companies like My Health Centre, OMERS, IMEC, OTPP at a dinner hosted by the Indian Consulate in Toronto and invited them to UPGIS. 

In Frankfurt, Industrial Development Minister Nand Gopal Gupta ‘Nandi’ invited German investors to Uttar Pradesh during the road show. He assured the investors of all possible cooperation. PWD Minister Jitin Prasad and other officials informed business organisations about investment opportunities in UP on the occasion. The panellist, Director, India & Asia Pacific, IHK Frankfurt am Main, CCI in Hesse called upon the German business community to look at the upcoming GIS in Lucknow as a great platform for investment opportunities in UP. The delegation also had extensive discussions with the mayor of the city, Uwe Becker. Strong partnership between Uttar Pradesh and Frankfurt for vocational training in skill manpower, aviation, mobility, pharmaceutical and IT sectors was also discussed. Key players including Motherson Group, Samson Group, Innoplexus, ZaaK Technologies expressed their intent to invest in UP whereas partnerships in the field of R&D, Skill development and manpower exchange were forged with the German business community.

The focus during the roadshow led by Uttar Pradesh Finance Minister Suresh Khanna was on the defence sector. The aim of this roadshow was to further deepen the business relationship between the two countries through the UK-India 2030 Roadmap. Trade between the two countries is set to amount to 29.6 billion British pounds in FY2022, up 37.1 per cent from the previous year. 

On this occasion, the delegation met the representatives of ADS Group Limited and UK Defense and Security Exports Division Department. During the meeting, discussions were held on how UK’s defence industries can contribute to realising the potential of UP’s Defence Corridor. 

The delegation also met Paul West of BAE Systems. BAE Systems is a leading global defence manufacturer, preparing for big investment in the state BAE Sysytrems was also present in Lucknow in the past. Apart from this, the delegation met representatives of the Martin Baker Aircraft Company Ltd and invited them to UPGIS 2023. During the meeting, they discussed how Uttar Pradesh can partner with the company in the defence and aerospace sector. 

Earlier, the delegation also met representatives of Thales Group and discussed with them how the Noida-based headquarters of the Thales Group in India could increase its presence in Uttar Pradesh. The delegation also met Patrick Horgan, Director of Global Network and discussed the potential of UP in the Defence, Aerospace and Civil Aviation sectors.

Meanwhile, Deputy Chief Minister of UP Brajesh Pathak, along with other senior members of delegation inaugurated the exhibition on ‘Lok mein Ram’ curated by the Lalit Kala Akademi, New Delhi (Life story of Lord Rama) at Gurudev Tagore Indian Cultural Centre, Mexico.  Shri Rajneesh Dube, Additional Chief Secretary, Animal Husbandry Dept, Government of Uttar Pradesh, highlighted the opportunities in the dairy sector during a roadshow in Mexico and invited the business fraternity of the country to explore investment opportunities in UP.


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