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3 US multinational giants coming to UP
Microsoft, MAQ, PepsiCo to invest ` 2,866 crore, create 7,500 jobs
Several other investors in US-India Strategic Partnership Forum keen to invest in UP
Lucknow: In a major boost to the Yogi Government’s efforts to accelerate industrial development in Uttar Pradesh, US tech giants Microsoft and MAQ Software, as well as FMCG major PepsiCo, have come forward to set up their units in the state at an investment of Rs 2,866 crore.
Microsoft and MAQ Software will set up their units in Noida whereas PepsiCo has started construction of its factory in Mathura, said an industrial department official, adding that the factories being set up will provide employment to 7,500 people.
Encouraged by these developments, several other US investors associated with the US-India Strategic Partnership Forum are also keen to invest in Uttar Pradesh, thanks to the State
Government’s investor-friendly policies. In this context, talks are reportedly being held through the US Embassy.
The US investors associated with the forum have also contacted the UP Government in this regard, Siddharth Nath Singh, the MSME and Export Promotion Minister, said. The companies including Adobe, Amazon, American Tower Corporation of America, Apple, Caterpillar, Delphi, Cisco, Deloitte, Emerson, Ernst & Young, Google, Johnson & Johnson, JP Morgan & Company, Lockheed Martin, Marriott International, MasterCard, Mondelez International, Carlyle Group, Walmart, Warburg Pincus, IHS Markit and USIBC are willing to invest in UP and in other parts of the country, according to Singh.
This came to light during an interaction with the entrepreneurs associated with the US-India Strategic Partnership Forum in which the representatives of these companies expressed particular interest in investing in the areas of medical equipment manufacturing, food processing, automobile, IT and digital payments.
Among them, companies like Adobe, Amazon, Microsoft, Delphi New Holland, Global Logic, Excel, PepsiCo, Synopsis and Cargill are already operating in India while Microsoft, MACQ Software Noida and PepsiCo have stepped up efforts to set up their units in UP.