Chief Minister takes Maglev train ride
Chief Minister Yogi Adityanath concluded his Japan visit with a number of memoranda of understanding (MoUs) with Japanese corporation including Kubota Corporation, Spark Minda in collaboration with Toyo Denso, Japan Aviation Electronics Industry, and Nagase & Co Ltd.
Business-to-government meetings saw participation from corporations such as Suzuki Motor Corporation, Honda Cars India Ltd, Konoike Transport Co Ltd, Mitsui & Co Ltd, Rapidus Corporation, Marubeni Corporation, Sumitomo Realty & Development Co Ltd and MUFG Bank.On his return to Lucknow, the Chief Minister described this visit as the one that would give a new direction to Uttar Pradesh’s industrial future.
During the CM visit, the state government received MoUs worth Rs.1.5 lakh crore and investment proposals worth over Rs.2.5 lakh crore.The MoUs and investment proposals were signed in various sectors. These included green hydrogen, semiconductors, electronics manufacturing, data centers, logistics, defense manufacturing, skill development, and urban infrastructure.
Key sectors of interest included agricultural machinery, auto OEMs and components.
Three major investment roadshows were also organized: one in Singapore, the second in Tokyo, and the third in Yamanashi, a major prefecture of Japan.
In his meetings with investors, the Chief Minister presented in detail the state’s industrial policies, infrastructure development, law and order, and the characteristics of its large consumer market.
The Chief Minister also experienced Japan’s advanced transport technology by riding a maglev train, which travels at speeds of up to 500 km/h while levitating above the track. It is a dreamlike experience in Japan’s bullet – the fastest train in the world.
As per the release, the Chief Minister has directed Invest UP and the concerned departments to promptly take these proposals forward. Overall, the visit proved significant not only for attracting investment but also for strengthening UP’s global profile and economic prospects.
Meanwhile, Uttar Pradesh is set to receive a major boost in its real estate and infrastructure sectors as leading real estate developer 1-OAK has signed a Memorandum of Understanding (MoU) worth Rs.3,000 crore with the Government of Uttar Pradesh.
The agreement was formalised during Chief Minister Yogi Adityanath’s official visit to Singapore, where he met 1-OAK Managing Director Amritanshu Roy. Fiinews.com
