Govts of Singapore and UP ink an MoU for economic cooperation for the first time

Lucknow, February 14

As a result of the Yogi government’s effective policies, Singapore and its companies are enthusiastic about enhancing economic cooperation with the state through increasing investment in different sectors. In this series, the Singapore Ministry of Trade and Industry signed an MoU with the UP government for the first time, which is in addition to the deals signed at the UPGIS.

Under the agreement, the governments of Singapore and Uttar Pradesh will cooperate in areas of mutual interest such as urban development, sustainable development industry, and skill development. This collaboration will enable Singapore and its companies to better understand Uttar Pradesh and showcase their expertise.

This is the first MoU between the Government of Singapore and the Government of Uttar Pradesh. The MoU will facilitate greater cooperation between the two governments in mutually beneficial areas of economic development.

Singapore will participate in 5 areas

This cooperation between UP and Singapore has been identified in 5 major areas. Under this, a pilot project for urban development is slated to be implemented in Kudha Keshavpur, Ayodhya, to demonstrate the efficacy of smart water technologies in enhancing UP’s water sustainability.

Whereas, Sustainable Industrial Park, upgradation and digitization of MSMEs, content development, training pedagogy (pedagogy training), training of trainers, certification as well as training of civil servants and government officials are also included.

Joint Partnership Committee (JPC) will be formed

A Joint Partnership Committee (JPC) will be constituted for planning, monitoring, implementation and review of cooperative activities of the MoU. The JPC will comprise senior officials from Singapore and Uttar Pradesh with expertise in the respective fields. JPC will mutually decide whether they need other agencies for better management under the MoU. This JPC will submit regular progress reports to the Permanent Secretary (Development) of the Ministry of Trade and Industry of Singapore as well as the Chief Secretary of the Government of Uttar Pradesh.

21 companies and 58 delegates participated in UPGIS

It is worth mentioning that 21 Singaporean companies and 58 delegates participated in the UPGIS held in Lucknow from February 10 to 12. Countries including Singapore, Japan, Netherlands and Denmark have also joined UPGIS as partner countries.

A dedicated Singapore pavilion was also set up at the exhibition held on he sidelines of the summit here, attracting investment from Singapore companies in sectors ranging from basic infrastructure, education to logistics. Enterprise Singapore also facilitated discussions between Singapore and the Government of Uttar Pradesh which resulted in the signing of six new MoUs. These MoUs will enable the six companies to step up their project investments and continue to pursue development opportunities in line with the state’s efforts such as development of urban infrastructure, waste management, IT parks and data centres, as well as education.

6 companies of Singapore have also signed MoU

1. Global Schools Foundation operates K-12 schools in India under Global Indian International Schools (GIIS). One of these is also in Noida, Uttar Pradesh. Now the foundation aims to open its school campuses in other cities of Uttar Pradesh. This foundation is a non profit education institution which provides skill based education to the students in different curriculum.

2. Venture Capitalist Golden State Capital has also signed MoU for investment in UP. This venture is active in the United States and Asia. The firm is looking forward to building a data center facility in Greater Noida, UP.

3. Singapore’s furniture company Sam & Sara Holdings will also invest in UP. The company is already providing a manufacturing and warehousing facility in Moradabad, UP, but now the company aims to start a Furniture Training Institute in UP.

4. SATS Ltd. is eager to start its second food production facility in Uttar Pradesh. SATS LTD is a leading provider of food solutions and is also known for its gateway services in Asia. In India, the company provides inflight catering in association with Taj Hotels, while working with Air India in ground and cargo holding. SATS Food Solutions India will soon be opening a Central Frozen Food Production Plant in Bengaluru.

5. VANS Chemistry has entered into an MoU to set up an e-waste collection and pre-dismantling center in Greater Noida, UP. This center will be the main center of the company in North India. VANS Chemistry is an e-waste management service provider that acts as a one stop solution.

6. Singapore’s Transworld Group company Transworld Terminals Pvt. Ltd. will expand its services in Uttar Pradesh. The company is about to start a multi-purpose warehouse facility in Greater Noida, UP. The company provides container freight stations, warehousing and distribution as well as end to end logistics facilities in India.