
Invest UP to organise roadshows in US, UK Europe to attract investment
The objective is to showcase state's investor-friendly policies, sectoral strengths, and readiness to host large-scale industrial investments from Fortune 500 companies and global leaders.
The upcoming global outreach will feature high-level B2G (Business-to-Government) meetings and roundtable discussions in key cities including New York, San Francisco, Los Angeles, London, Paris, Frankfurt, Milan, Amsterdam, and Birmingham.
These events, to be conducted in collaboration with Indian embassies and trade associations such as the US India Business Council (USIBC), Confederation of Indian Industry (CII), and Federation of Indian Chambers of Commerce and Industry (FICCI), aim to deepen engagement with global supply chain decision-makers.
In the United States, state will engage with companies across multiple sectors—apparel (PVH Corp, Ralph Lauren, Coach), digital and cloud services (Google, AWS, Microsoft Azure, Oracle Cloud), data centres (Equinix, Stack Infra), and consumer goods and manufacturing (Skechers, Mattel, TOMS, Jakks Pacific).
The goal is to foster partnerships, explore joint ventures, and position the state as a competitive alternative for global production lines.
Similarly, in Europe and the UK, Invest UP will connect with top firms in sectors such as automotive, chemicals, renewables, luxury fashion and footwear, food processing and life sciences.
'We are implementing a comprehensive strategy that includes sector-specific industrial policies, time-bound clearances, and sustained ease of doing business reforms,' said chief secretary, Manoj Kumar Singh.
Combined with world-class infrastructure and a responsive governance model, these initiatives are positioning Uttar Pradesh as a preferred destination for both domestic and global investors. Our aim is not only to attract investment but to create long-term value chains and generate inclusive, employment-driven growth, Singh added.
With over 33 sector-specific policies, a fast-track clearance system, and a responsive single-window platform, Uttar Pradesh has recorded the highest number of new factory registrations in India in 2024–25, underscoring the growing investor confidence in the state's reforms and opportunities, said the state government.
By combining global outreach, progressive policy initiatives, and infrastructure readiness, Uttar Pradesh is well positioned to capitalise on the China+1 shift and emerge as India's next major manufacturing and innovation hub, added the government.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
35 minutes ago
- Business Standard
India-US trade deal awaits Trump's nod ahead of July 9 tariff deadline
The first stage of the India-US Bilateral Trade Agreement (BTA) is now ready and awaiting final approval from US President Donald Trump, according to a LiveMint report quoting sources. The interim deal has been cleared by US Trade Representative (USTR) Jamieson Greer and could be signed as early as July 8 -- a day before Trump's reciprocal tariff deadline. The development comes after Indian negotiators, led by chief negotiator Rajesh Aggarwal, extended their stay in Washington beyond their initial schedule to bridge gaps over sensitive sectors, particularly agriculture. A key government official told LiveMint, 'Indian negotiators did their best to convince their US counterparts about the domestic sensitivities involved in these sectors. To some extent, the USTR has agreed to India's position on not fully opening up the agriculture sector. Now, it's up to the US President to take the final call.' Agriculture, dairy, genetically modified (GM) seeds, and medical services remain points of contention, with the US seeking greater market access while India looks to protect its vulnerable sectors, as per the report. India-US trade deal: Options on tariffs The US, as per the report, has offered two alternatives on tariff reductions. If India agrees to the US's demands in agriculture and related sectors, its exports could face an additional 10 per cent tariff. 'If India agrees to US demands for greater market access in agricultural goods, dairy and seeds, then Indian goods may face only a 10 per cent additional tariff -- which, while not ideal, is still much lower than what other countries in the Asian region are facing,' a person aware of the talks told LiveMint. If India refuses, tariffs could go up to 20 per cent, which includes the existing 10 per cent baseline and an extra 10 per cent under earlier US measures. Still, this would represent a 6 per cent relief from the earlier proposed 26 per cent duty. Trump's deadline nears The US President, speaking to reporters on July 4, confirmed he had signed multiple letters informing countries of upcoming reciprocal tariffs. 'I signed some letters and they'll go out on Monday, probably 12. Different amounts of money, different rates of tariff,' Trump said, without naming the countries. Although the reciprocal tariffs are scheduled to take effect from August 1, the letters are expected to be sent out on July 8, giving India a narrow window to seal the deal before being hit by new duties. India firm on agriculture, open on other fronts India is pushing for better access for its leather, textiles, and footwear sectors, while resisting demands to lift restrictions on GM seeds and crops. Only Bt cotton is currently approved for cultivation in India, and no GM food crops are commercially grown. US-India trade data Commerce ministry figures highlight the growing trade with the US. In FY25, India's exports to the US rose by 11.6 per cent to $86.51 billion, while imports increased by 7.42 per cent to $45.33 billion. However, US imports fell in May year-on-year, from $3.85 billion to $3.63 billion, while exports grew by 17.3 per cent, led by electronics and smartphones. In contrast, India's imports from China rose by 11.5 per cent in FY25 to $113.46 billion, while exports to China fell by 14.5 per cent, underscoring the trade imbalance. The deal, if finalised, is likely to mirror elements from recent US trade agreements with the UK and Vietnam. While the US retained its 10 per cent baseline tariff in both those cases, it offered some reductions in additional duties. Trade watchers see the India-US agreement as a limited deal focused solely on goods, with services and labour excluded for now. Despite the challenges, negotiators on both sides remain hopeful of concluding an agreement in time to avoid penalties. The ball now lies in Trump's court.


Mint
38 minutes ago
- Mint
Trump tariff ultimatum: These countries have struck trade deals as US Prez prepares ‘take it or leave it' letters
As the deadline for the 90-day pause on reciprocal tariffs nears, United States President Donald Trump stated that he has signed letters to 12 countries detailing the different tariff rates that will be imposed on exports to the US. These 'take it or leave it' offers enclosed in letters are scheduled to be sent out on Monday, July 7. With the letters set to go out Monday, here's a look at the countries that have already secured trade deals with the US, avoiding the 'take it or leave it' letters from Donald Trump. In May, the UK concluded a trade deal with the US that kept a 10 per cent tariff rate and secured preferential treatment for some sectors, including autos and aircraft engines. Under the US-Vietnam trade deal, tariffs on numerous Vietnamese goods have been reduced to 20 per cent, down from the previously threatened 46 per cent. Additionally, many US products will now be able to enter Vietnam duty-free. Japan's tariff negotiator Ryosei Akazawa held 'in-depth exchanges' with US Commerce Secretary Howard Lutnick on Thursday and Saturday, reported Reuters, citing the Japanese government, which intends to actively coordinate with the US over the tariff issue. Apart from India, the EU also could not conclude a trade deal with the US. On Friday, EU diplomats said they haven't achieved a breakthrough in trade negotiations with the Trump administration, Reuters reported. A trade deal with India was not finalised and the Indian negotiators returned from the US on Friday, according to the reports. Meanwhile, India has proposed retaliatory duties against the United States under World Trade Organisation (WTO) norms as a safeguard measure against American tariffs on the automobile sector. "The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the United States," PTI reported, quoting a notification of the WTO. While recognising the challenges of negotiating with more than 170 countries, Trump informed reporters that the letters would be sent to 10 countries at a time with tariff rates in the range of 20 per cent to 30 per cent. 'The letters are better ... much easier to send a letter,' Trump told reporters. Trump's letter, scheduled to be sent out on Monday, comes days before the reciprocal trade deadline on Tuesday, ending the 90-day pause on duties. In April, Trump announced a 10% base tariff rate and additional tariffs up to 50% for trading partners, significantly impacting the financial markets. However, he subsequently paused these tariffs for 90 days, giving time for negotiations with trading partners. Earlier, Trump said that after the July 9 deadline, tariffs may go even higher, up to 70%, effective from August 1 onwards. Trump and his top aides initially said they would launch negotiations with scores of countries on tariff rates, but the U.S. president has soured on that process after repeated setbacks with major trading partners, including Japan and the European Union.


Mint
an hour ago
- Mint
Maharashtra: Work on Mumbai-Ahmedabad bullet train project in full swing
New Delhi [India], July 5 (ANI): The work on the Mumbai-Ahmedabad high-speed bullet train project is going on in full swing in Maharashtra, with major structural and tunnelling milestones being achieved, according to the National High-Speed Rail Corporation Limited (NHSRCL) said on Saturday. According to the NHSRCL, work on all three elevated stations in the state, Thane, Virar, and Boisar, is advancing swiftly, and the first slabs for Virar and Boisar stations have recently been cast. Across the alignment, pier foundations and pier works are underway at various locations, with approximately 44 km of piers cast to date. In the Palghar district, viaduct construction has also commenced using full-span box girder launching technology, starting from the Dahanu area. Additionally, the excavation of seven mountain tunnels in the Palghar district is actively in progress, demonstrating the project's engineering scale and complexity. Bridge construction has also kicked off at three major rivers: Vaitarna, Ulhas, and Jagani, further contributing to the corridor's critical infrastructure. An important component of the project is the 21-kilometre-long underground and undersea tunnel connecting the Mumbai Bullet Train station at Bandra-Kurla Complex (BKC) to Shilphata. Of the 21 km tunnel, 16 km is being excavated using Tunnel Boring Machines (TBMs), while 5 km is being executed using the New Austrian Tunnelling Method (NATM). The tunnel includes a 7 km undersea stretch beneath Thane Creek, marking a significant feat in Indian tunnelling history. So far, approximately 4.1 km of tunnel heading has been achieved through NATM from the Shilphata site, and two concurrent faces have been developed from the ADIT portal. In terms of vertical construction, base slab casting at the Vikhroli shaft (56 meters deep) and Sawli shaft (39 meters deep) has been completed. Additionally, sludge treatment plants are being installed at shaft locations, and the Mahape tunnel lining casting yard is actively producing tunnel lining segments. For the under-construction Mumbai Bullet Train station at Bandra Kurla Complex, 80% of the excavation work has been completed. Base slab casting at 100 ft below ground level has already started at both ends of the station site, NHSRCL added. (ANI)