Close X
Saturday, November 30, 2024
ADVT 
India

Three US giants to invest in UP

Darpan News Desk IANS, 20 Aug, 2021 01:48 PM
  • Three US giants to invest in UP

Lucknow, Aug 20 (IANS) American tech giants Microsoft and MAQ Software, as well as PepsiCo have come forward to set up their units in Uttar Pradesh at a cost of Rs 2,866 crore, giving a boost to industrial development in the state.

According to a state government spokesman, the factories being set up by the three US-based multinational companies will provide employment to 7,500 people.

Microsoft and MAQ Software will set up their units in Noida whereas PepsiCo has started construction of its factory in Mathura, said an Industrial Department official.

Encouraged by these developments, several other US investors associated with the US-India Strategic Partnership Forum are also keen to invest in Uttar Pradesh.

Siddhartha Nath Singh, the MSME and Export Promotion Minister, said that the US investors associated with the forum have also contacted the UP government in this regard.

The companies including Adobe, Amazon, American Tower Corporation, Apple, Caterpillar, Delphi, Cisco, Deloitte, Emerson, Ernst & Young, Google, Johnson & Johnson, JP Morgan & Company, Lockheed Martin, Marriott International, MasterCard, Mondelez International, Carlyle Group, Walmart, Warburg Pincus, IHS Markit and USIBC are willing to invest in UP and in other parts of the country, according to Singh.

The details came to light during an interaction with the entrepreneurs associated with the US-India Strategic Partnership Forum in which the representatives of these companies expressed particular interest in investing in the areas of medical equipment manufacturing, food processing, automobiles, IT and digital payments.

Among them, companies like Adobe, Amazon, Microsoft, Delphi New Holland, Global Logic, Excel, PepsiCo, Synopsis and Cargill are already operating in India while Microsoft, MACQ Software Noida and PepsiCo have stepped up efforts to set up their units in UP.

Singh said that more than 40 foreign companies, including American companies, proposed to invest about Rs 17,000 crore in UP in the last four and a half years of the Yogi Adityanath government.

Microsoft has been allotted 60,000 sq. metres of land in Noida to set up its 'largest' centre in the country, which will employ 3500 people.

The multinational software giant has told the New Okhla Industrial Development Authority that the company will start operations within the stipulated time of five years so that people residing in NCR can benefit from it at the earliest.

At present, the company has its largest unit in Gachi Baoli, Hyderabad.

Similarly, MAQ India Private Limited has also been allotted 16,350 sq. metres of land in Noida's Sector-145 to set up its plant.

The IT major will invest Rs 252 crore to set up its unit which will provide employment to around 2500 people.

The multinational food and beverage company PepsiCo is setting up a potato chips factory in Kosi Kalan, Mathura.

Production at the PepsiCo factory, which is being built at a cost of about Rs 800 crore, is likely to start this year itself.

Around 1500 people will get direct or indirect employment in this project. Potatoes to make the chips will be procured from local farmers to benefit them.

MORE India ARTICLES

Don't reveal caste during interview, Delhi Minister urges UPSC

Don't reveal caste during interview, Delhi Minister urges UPSC
Delhi Social Welfare Minister Rajendra Pal Gautam on Friday urged the Union Public Service Commission (UPSC) that the interview board should not be made aware about the caste of candidates before it. His suggestion came amid allegations of caste-based discrimination in UPSC interviews.

Don't reveal caste during interview, Delhi Minister urges UPSC

Heavy rains pound Mumbai, local trains hit

Heavy rains pound Mumbai, local trains hit
Water-logging was reported from chronic spots of Dadar, Parel, Wadala, Sion, besides low-lying areas in Malad, Santacruz, Dahisar. While the suburban services on the Central Railway were hit badly with delays of over 30-minutes due to speed restrictions, Western Railway traffic has not been affected.

Heavy rains pound Mumbai, local trains hit

Priyanka arrives in Lucknow to a tumultuous welcome

Priyanka arrives in Lucknow to a tumultuous welcome
Thousands of Congress workers greeted Priyanka at the Chaudhary Charan Singh airport and a long winding convoy of vehicles accompanied her as she headed for the Congress headquarters, covering a distance of about 13 kilometres.

Priyanka arrives in Lucknow to a tumultuous welcome

2 drown in swimming pool in Gurugram hotel

2 drown in swimming pool in Gurugram hotel
Two men aged 32 and 40 drowned in the swimming pool of a hotel located on the Pataudi-Helimandi Road in Gurugram's Pataudi area on Friday. The police have identified the deceased persons as Rajesh and Sher Singh, both residents of Jatauli village in Pataudi.

2 drown in swimming pool in Gurugram hotel

Punjab CM slams Kejriwal on farm debt waiver remark

Punjab CM slams Kejriwal on farm debt waiver remark
Punjab Chief Minister Amarinder Singh on Friday slammed the Aam Aadmi Party (AAP) over its criticism of his government's decision on debt waiver for farm labourers and landless farmers, saying it exposed the Arvind Kejriwal party's "anti-farmer stance".

Punjab CM slams Kejriwal on farm debt waiver remark

Work on India's longest road tunnel to start in Mumbai from March 2022

Work on India's longest road tunnel to start in Mumbai from March 2022
With the detailed project report completed and land acquisition started, the work on building India's longest (11.80 km) road tunnel linking Thane-Borivali - passing beneath the Sanjay Gandhi National Park (SGNP) - will start from March 2022, Maharashtra PWD Minister Eknath Gaikwad said on Thursday.

Work on India's longest road tunnel to start in Mumbai from March 2022