Advertisement

Updated April 29th, 2020 at 12:37 IST

UP Govt holds webinar with US investors, seeks to attract them as they withdraw from China

After the UP Govt held a webinar with 100 United States firms, UP Minister Sidharth Nath Singh expressed hope of foreign investors being attracted to India

Reported by: Ananya Varma
UP
| Image:self
Advertisement

After the Uttar Pradesh government held a video-conference with over 100 United States firms on Tuesday, Uttar Pradesh Minister Sidharth Nath Singh expressed hope of foreign investors being attracted to India. Amid the Coronavirus pandemic, as foreign investors, especially from the US are keen on withdrawing from China for various reasons, the UP government in a collaboration with the US-India Strategic Partnership Forum held a webinar seeking to attract the investors to India.

Read: Coronavirus Live Updates: 1543 Cases Reported In Last 24 Hours; Total Cases Soar To 31332

Read: ICMR Refutes Bengal Govt's Claim On 'faulty Test Kits', Affirms Anti-body Tests For Survey

"The USA has a significant investment in China and with companies exploring for options to shift base from China, the Prime Minister and the Chief Minister want to use the opportunity to see how they can be brought to India, to UP. A webinar was held with over 100 American companies yesterday," said Sidharth Nath Singh, UP's Minister for Micro, small and medium enterprises (MSMEs).

The UP Minister added that the webinar had been successful and saw the participation of firms from across diverse fields such as logistics, scientific instrumentation, electronics amongst others. Many companies participated in the webinar, including Adobe, Boston Scientific Master Cards, and UPS. Siddharth Nath Singh, along with a team of senior officers, including industrial development commissioner Alok Tandon and principal secretary, MSME and exports, Navneet Sehgal, represented the state.

"Companies, including big names from logistics, scientific instrumentation, electronic, automobile industries, have expressed their interest. They already have investments in China. I am hopeful we will be able to bring them to UP, given how we are working by making changes in our industrial and sectorial policy," added the minister. 

Read: ICMR Cancels All 15 Lakh Anti-body Test Kits Ordered From China After Inaccurate Results

Read: Yogi Govt Amends Epidemic Act To Protect Health Workers As Per Centre's Ordinance

(With Agency Inputs)

Advertisement

Published April 29th, 2020 at 12:37 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Whatsapp logo