India
UP reports $1.5 billion FDI in three years
The Hindu BusinessLine··27 Sept
Uttar Pradesh Chief Minister Yogi Adityanath said the state received FDI of US$1.5 billion over three years. He told businessline capital is arriving mainly in electronics, semiconductors, data centres, renewables and pharmaceuticals. He said more than 55 percent of mobile phones made in India now come from Uttar Pradesh. He sought Centre support for chip fabs and rail cargo links.
Prism
What It Means For You
- The CM said investors can manufacture and sell inside a 25 crore population market.
- Nivesh Mitra 3.0, launched in March, puts more than 530 services from 43 departments on one platform.
- Jewar international airport began commercial flights in June, he said.
What's Happening
- Adityanath said work has started on projects worth more than Rs 15 lakh crore from about Rs 50 lakh crore of interest.
- Invest UP has another Rs 7.5 lakh crore of projects lined up for GBC 5.0, he said.
- Davos MoUs this year were nearly Rs 3 lakh crore, with Japan and Singapore outreach adding Rs 2.5 lakh crore.
How DPIIT books foreign capital
- He said DPIIT books FDI to the state of a company's registered office, so plants in Noida or Kanpur can appear under Delhi or Mumbai figures.
- UP claims more than half of India's operational expressway network and the longest Eastern Dedicated Freight Corridor stretch of any state.
- The state listed 425 km of National Waterway-1 among logistics assets cited to investors.
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