German-Swiss to invest in Noida

After German-Swiss visit by Uttar Pradesh chief minister  Akhilesh Yadav, it is stated that German automobiles and Swiss chocolates can be manufactured in Noida.

Sources in the government told that while German auto-makers have evinced interest in an auto hub in Noida, members of the Switzerland Chamber of Commerce will visit the state in October to look for investment opportunities. Investors have also shown interest in the solar energy sector.



State chief secretary Alok Ranjan said the Swiss Chamber of Commerce has declared that its members will visit Lucknow in October. German auto and solar energy players were impressed by UP government's presentations. They have sought details of investment policy of the state.

The official delegation had been to Germany to participate in the Hanover international trade fair which was visited by Prime Minister Narendra Modi. Modi along with German Chancellor had also visited the UP stall, where the chief minister not only launched a website but also met business heads of various countries, including Germany.

Apart from Ranjan, the delegation included minister of state for skill development Abhishek Mishra, principal secretary, industries, Mahesh Gupta, and special secretary, industries, Kanchal Verma.

The objective of the delegation from Uttar Pradesh was to strengthen investment and collaboration with German institutions, industry bodies and companies focusing on opportunities in solar and renewable energy, automotive sector, clean tech, research and innovation, skill development, dairy and food processing sector.

The Uttar Pradesh pavilion was inaugurated by Akhilesh Yadav who also launched a website showcasing the state's IT policy in German language.

Germany, which is known for its high-end technology in solar power, can be a major co-operation partner of the state in installing solar rooftop systems in Uttar Pradesh. With this objective, the delegation met a number of companies in the solar sector like Boson Energy, Alstom and others at the fair to discuss technologies that could be transferred to the state.

In Germany, the delegation also met automobile spare parts manufacturers from India and Germany, who assured the delegation of visiting Noida and Lucknow.

Following the Germany visit, the delegation also visited Switzerland's chocolate company, Frey, where senior executives discussed market entry and investment opportunities in Uttar Pradesh.



Before embarking on the tour, the chief minister had claimed that he would fetch investment in the state and implement his development agenda which focussed on big ticket infrastructure projects like the Agra-Lucknow Expressway and the Lucknow Metro.

source-timesofindia.indiatimes

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