November 24, 2024

Japan may make considerable investment in UP

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Lucknow,June 03(HS)After the US and Germany,Japan has shown interest in Uttar Pradesh,past Covid pandemic and angry protests against China,an official spokesman said here on Wednesday.
  That country has proposed to invest in Logistic Parks, Electronic City and Food Processing Centres.

A team of investors is likely to visit the country early November and discuss the proposals with officials in Delhi as well as Lucknow.

The Organisation for Industrial, Spiritual and Cultural Advancement International  has written a letter in this connection to Sidharthnath Singh, a UP minister.

In the letter,the organisation has id that details of the proposal will be discussed with  the UP government soon.An official of the outfit had visited UP last year and Japan’s envoy in India had come here  last month.

UP chief  minister Yogi Adityanath is trying hard to attract foreign investors,especially those who want to move out of China following outbreak of Corona epidemic.He has constituted a team and asked that to get in touch with such industries.It has borne fruit.

A German footwear giant has already agreed to set up a major unit in Agra and five American companies have made heavy investment in an Indian company.