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The Uttar Pradesh government will hold roadshows in the states to attract domestic industrial groups for its Global Investors Summit to be held next year, according to an official release. The state government recently sent a group of ministers on a global tour to invite foreign investors for the summit and seek investment in the state. The release said that investment commitments of Rs 7.12 lakh crore, including of Rs 4 lakh crore from the UK and the US alone, have been received ahead the Global Investors Summit to be held in February next year. After the return of the group from global tour, Chief Minister Yogi Adityanth has directed holding road shows in different states of the country for inviting investors of the country, the release said on Friday. The chief minister reviewed the preparations for organizing the Global Investors Summit with the cabinet members and senior officials on Thursday. A new team should be formed for road shows to be held within the country. Independe
Singapore investors have committed nearly Rs 20,000 crores of investment in Uttar Pradesh in areas such as data centres, logistics services and education following a business promotion delegation visit to the city-state. The investments were committed following a four-day presentation here, which concluded on Monday, by the UP Global Investment Summit (UPGIS) delegation led by State Minister of Jal Shakti and Flood Control Swatantra Dev Singh. Singapore is a partner country in UPGIS to be held from February 10-12, 2023 in Lucknow. Singh and his delegation members held a series of meetings and discussed prospects and collaboration opportunities in their state with Singapore's Minister of Trade and Industry Gan Kim Yong and Minister for Sustainability and the Environment Grace Fu Hai Yien. It was a very successful trip. The G2G (government to government) engagement was very warm and fruitful, Deepak Kumar, Principal Secretary, Basic Education Department of Uttar Pradesh, told PTI. T
Global shares were mostly higher on Monday as investors kept their eyes on a weeklong Communist Party congress in China. France's CAC 40 added 0.5 per cent in early trading to 5,961.27. Germany's DAX gained 0.5 per cent to 12,498.72. Britain's FTSE 100 rose 0.5 per cent to 6,894.84. The future for the Dow industrials was up 0.7 per cent, while the contract for the S&P 500 gained 0.9 per cent. Britain's new Treasury chief was due on Monday to announce details of his tax and spending plans Monday, two weeks ahead of schedule, in a bid to calm markets roiled by the government's economic policies. Chancellor of the Exchequer Jeremy Hunt was expected to ditch more of the measures announced by the government of Prime Minister Liz Truss on September 23. Since then, the prime minister's libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief. In Asia, the meeting of China's ruling Communi
With India emerging as a preferred investment destination, the country is expected to witness nearly USD 4.2 billion new capital in the realty sector in 2017, says Cushman & Wakefield. According to a report titled 'The Great Wall of Money' by the global consultant, new capital available for global real estate investment in 2017 is estimated at USD 435 billion, out of which India is expected to get nearly USD 4.2 billion. The report states that the total global wall of money in 2017 has fallen by 2 per cent compared to 2016's peak of USD 443 billion, but is the second highest figure recorded since 2009. "India's attractiveness as a global investment destination has strengthened on account of the country's political will to attract and protect investment growths. India's inclusion in the top investment destination is a testament of this confidence," Cushman & Wakefield Managing Director, India Anshul Jain said. He said the country saw its best year in 2016 with private ...