Maurya highlights UP's investor-friendly FDI policy in Frankfurt
LUCKNOW, Feb. 24 -- A delegation from Uttar Pradesh led by deputy chief minister Keshav Prasad Maurya held key meetings with the Hessen State Government in Frankfurt, Germany, inviting companies to invest in the state.
Uttar Pradesh's investor-friendly FDI policy was highlighted at the meeting. The delegation met Silke Sichter (ZVEI -Global Affairs and Economics, Indo-Pacific and China Affairs) and Markus Schyboll, CEO, EA Elektro Automatik GmbH, and held detailed discussions on strengthening India-Germany cooperation in the semiconductor and electronics sector.
Presenting Uttar Pradesh as an emerging global investment hub, the delegation highlighted the expansion of Siemens and NXP Semiconductors, growing investor confidence, and India's large consumer base.
The delegation extended an invitation to promote long-term industrial cooperation, including participation in major electronics manufacturing events.
In addition, the delegation met senior representatives of the Frankfurt Airport region, the mayors of Kelsterbach and Raunheim, and the CEO of Innovation Rheinheim.
Positive discussions were held at the meeting on topics such as cooperation between Frankfurt Airport and Noida International Airport, logistics, data centres, innovation and industrial development.
The two sides agreed on a memorandum of understanding (MoU) to formalise mutual cooperation and decided to facilitate visits by German industrial delegations to Uttar Pradesh and develop long-term institutional partnerships. The delegation also met a delegation from the Hessen State Government, led by State Secretary Karin Muller.
Maurya said, "We particularly welcome German industries in sectors such as textiles, apparel, and leather; electronics and semiconductors; the medical device park in Greater Noida; the multi-location chemical and pharma park and defence and aerospace within the defence corridor, which collectively offer investment opportunities worth dozens of billions of dollars and offer vast potential for advanced technology-based partnerships."...
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