US-based fintech, IT firms secure investments in Uttar Pradesh
As part of the Uttar Pradesh government’s efforts to woo investors ahead of the Global Investors Summit in Lucknow, a delegation led by state finance minister Suresh Khanna has held meetings with representatives of several companies in New York.
Besides holding a round table meeting with the companies’ representatives, the delegation comprising BJP MLA Sidharth Nath Singh, Awanish Awasthi, advisor to Chief Minister Yogi Adityanath, and senior government officials met Sanjay Govil, the founder of Infinite Computer Solutions.
Sources said Govil assured to sign an MoU with the UP government to invest over Rs 500 crore in the near future to build its IT campuses in Noida and Lucknow. The company has also shown interest in the state for its fintech and healthcare offerings, the source said, adding that Govil hails from Uttar Pradesh.
The delegation also met Avi Basu, founder and CEO of Wingsure, and discussed ways to benefit farmers with the use of technology in agriculture. “The company has shown interest in taking up a pilot project in UP,” an official said. The delegation also visited Sikorsky’s main facility in Connecticut and invited the company to invest in the defense corridor. The company produces airplanes and helicopters for civil and military use.
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PremiumSpeaking at an event in New York, Indian Ambassador to the US Taranjit Sandhu told investors, “UP is destined to be a powerhouse in India… UP with a population of 240 million is the most populous state and encourages companies, especially in the defense sector, to explore the possibilities in the defense corridor project.”
“Uttar Pradesh is the state with world-class infrastructure and has surplus revenue and surplus power generation,” he added.
Sidharth Nath Singh told investors on Monday, “There is a new economic model for Uttar Pradesh, which has been adopted by our CM and I call it the monk with the economic model.”
It should be noted that several delegations led by ministers and officials are visiting different countries – Canada, South Korea, Belgium, Australia, UAE and Brazil – to attract investments and invite companies to participate in the Global Investors Summit scheduled to be held in February next year in Lucknow.
Two important MoUs were also signed by Western Sydney University, according to an official statement. The state government has set a target of attracting investments of Rs 10 lakh crore through the Global Investors Summit.
