Singapore, Feb. 23 -- Sumit Nanda, Chairman and Managing Director of Golden State Capital Pte. Ltd., has lauded the industrial turnaround of Uttar Pradesh, announcing a massive investment of Rs 12,000 crore in the state following a meeting with Chief Minister Yogi Adityanath.

Speaking to ANI in Singapore, Nanda emphasised that Singapore remains the primary gateway for foreign capital into India. "If you look at the data from the last 10 years, Singapore is the largest investor in India, and all foreign investment comes through Singapore. Singapore has been the number one investor," Nanda stated.

Nanda detailed his company's commitment to the state's growing infrastructure, revealing two major upcoming projects.

"We are setting up a dat...