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Golden State Capital to Invest ₹12,000 Crore in UP, Praises CM Yogi's Transformation

Golden State Capital's Chairman, Sumit Nanda, has announced a massive ₹12,000 crore investment in Uttar Pradesh following a meeting with Chief Minister Yogi Adityanath in Singapore. The investment will fund a data centre project worth approximately ₹8,000 crore and a renewable energy project worth ₹4,000 crore. Nanda credited the investment decision to the state's improved governance, law and order, and its vast market potential under the current leadership. The announcement was made during CM Yogi Adityanath's four-day diplomatic tour aimed at attracting global partnerships for the state's economic growth.

Key Points: ₹12,000 Crore Investment in UP by Golden State Capital

  • ₹12,000 crore investment announced
  • Focus on data centre and renewable energy
  • Praise for UP's improved law and order
  • Part of CM's "Brand UP" global tour
2 min read

"CM Yogi has completely transformed the state": Golden State Capital MD, to invest Rs 12,000 Crore in UP

Singapore's Golden State Capital announces massive ₹12,000 crore investment in Uttar Pradesh for data centre and renewable energy projects.

"The Chief Minister has completely transformed the state - Sumit Nanda"

Singapore, February 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 data centre, with an investment of approximately 8,000 crore rupees. Additionally, we are also pursuing a renewable energy project, with an investment of approximately 4,000 crore rupees," he said.

He further noted that the decision to invest was driven by the state's improved governance and market potential. "Uttar Pradesh has the largest population and largest market in India, and law and order have improved significantly there. The Chief Minister has completely transformed the state," Nanda added.

The Golden State Capital chief highlighted that the shift in the state's image has not gone unnoticed by the international community. "Foreign investors are also very attracted to Uttar Pradesh, both to them [the leadership] and to the Uttar Pradesh market. We are very eager to further invest in the state of Uttar Pradesh," he remarked.

Earlier, the UP CM met Sumit Nanda, along with his team, in Singapore. They discussed investment prospects in infrastructure, emerging technologies and strategic growth sectors in Uttar Pradesh, including opportunities in data centre development and other priority investment corridors where Golden State Capital has previously expressed commitment to invest.

The meeting took place as part of Chief Minister Yogi Adityanath's four-day diplomatic and industrial tour of Singapore and Japan. The visit is designed to showcase "Brand UP" and secure global partnerships to propel the state toward its USD 1 trillion economy goal.

- ANI

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Reader Comments

P
Priya S
Rs 12,000 crore is a huge vote of confidence. Singaporean investors are very shrewd, so their positive assessment of UP's governance carries weight. The renewable energy project is especially welcome. We need sustainable development alongside industrial growth.
R
Rohit P
Good step, but I'll believe the transformation when I see the benefits trickle down to the common man in eastern UP. Announcements are one thing, ground-level execution and preventing corruption in these projects is another. The government must ensure local businesses and workers get a fair share.
S
Sarah B
As someone working in tech, the data centre investment is crucial. It will improve digital infrastructure for the entire region. UP becoming an investment hub can balance India's growth story beyond just the southern and western states.
V
Vikram M
Bahut badhiya! For decades, UP was only in the news for the wrong reasons. Now, seeing a CM actively selling 'Brand UP' on global tours and getting results is refreshing. This is how you create a virtuous cycle of investment and development. Jai Hind!
K
Karthik V
The focus on renewable energy is the key takeaway for me. UP has great potential for solar energy. Investments like this can help meet power demands sustainably and create a model for other states. Hope the projects start on time.

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