Sweden and Canada are planning to invest in projects worth Rs 15k crore in Uttar Pradesh

Sweden and Canada are planning to invest in projects worth Rs 15k crore in Uttar Pradesh

The Uttar Pradesh government claims that the team of ministers and officials performing road shows and meeting industrial groups in other countries is effectively wooing investors, with a Rs 15,000 crore infusion of foreign cash expected.

A brief about Sweden and Canada are planning to invest in projects worth Rs 15k crore in Uttar Pradesh

Sweden, according to official sources, has made major investments in the UP administration. Swedish corporations are eager to invest in the state’s retail, tourism, and waste management.

The Yogi government has also got six Memorandums of Understanding (MoUs) worth Rs 1200 crore from Vancouver, Canada, which plans to create 600 job opportunities.

There have been substantial negotiations with investors in nations such as America and Singapore in order to make Uttar Pradesh more appealing to investors.

During a Thursday roadshow in Stockholm, a delegation led by Industrial Development Minister Nand Gopal Nandi and Public Works Department Minister Jitin Prasada interacted with the Swedish business sector.

Various Business to Business (B2B) and Government to Government (G2G) discussions on investment in industries such as defence, textile and garments, food processing, automobile and EV, renewable energy, waste and water management, and transportation have taken place on occasion.

Navneet Sehgal, the Additional Chief Secretary (Sports and Youth Affairs), and other senior Uttar Pradesh government officials, on the other hand, guaranteed the Swedish business community of the state’s dedicated investment facilities and strength.

The delegation also paid a visit to the IKEA Gallerien in Stockholm. Cerner, a Swedish construction business, proposed investing Rs 10,000 crore in the Uttar Pradesh film city project.

At the same time, Boson Energy requested an investment of Rs 1000 crores for the Waste Energy Project, and tourism investment offers worth Rs 40 crores were also received.

Significantly, the UP delegation led by Assembly Speaker Satish Mahana and Animal Husbandry Minister Dharampal Singh received multiple investment bids in Vancouver, Canada.

The delegation inked six investment proposals (MoUs) worth Rs 1200 crore with the business community. These investment plans are for IT parks, aluminium and kitchen supply manufacturing plants, hotels, and so on.

More than 600 individuals will most likely be employed as a result of these investment plans. The delegation also met with Raj Chauhan, the Speaker of British Columbia, to examine investment opportunities in the province.

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