NEW DELHI: Nearly 20 major US companies like Boeing, Pratt & Whitney, MerckBSE 7.32 %, Medtronic and Cargill are heading to Uttar Pradesh next week to explore investment opportunities in the state with the new BJP government headed by Chief Minister Yogi Adityanath. The delegation, visiting under the aegis of US-India Strategic Partnership Forum (USISPF), will be interacting with UP Health Minister Siddharth Nath Singh and the chief minister on Monday in Lucknow.
USISPF in a statement to ET said UP’s demographic dividend forming the largest consumer base of 200 million in the country and investment incentives offered by the state under the new chief minister “translates into a business-friendly climate for industry.”
Officials from the US Embassy and US Trade and Development Agency (USTDA) will also be a part of the delegation led by the Boeing India President Pratyush Kumar. Others in the delegation include Azure Power CEO, Inderpreet Wadhwa Cargill India Chairman Siraj Chaudhary as well as executives from Facebook, Adobe, Coca Cola, Mastercard, Mosanto, Uber, HoneywellBSE 0.28 %, P&G, Oracle and GE Health.
UP Chief Secretary Rajive Kumar will brief the delegation on investment opportunities along with the UP Industries Development commissioner and principal secretary for industries. UP has recently come up with an Industrial Investment & Employment Promotion Policy to create a framework to stabilize and make existing industries more competitive and to attract and realize new international and national investments in the industrial sector.
A session on healthcare has also been organised to help US companies like Merck Sharp & Dhone Corp (MSD), GE Healthcare and Medtronic to focus on initiatives, programs and best practices to overcome roadblocks to greater access and affordability for health care services in UP. Executives from Mastercard, Azure Power, Cargill and Pratt & Whitney will also discuss technology, innovation and entrepreneurship opportunities with UP functionaries.
USISPF along with UC Berkeley will launch its first co-innovation laboratory in Allahabad, which has been identified under the 100 smart cities mission. The co-Innovation lab initiative will provide local solutions to local problems by roping in young innovators and startups primarily in the areas of energy, transportation, waste management, healthcare, artificial intelligence, climate and smart agriculture, the USISPF said.
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