[ad_1]
NEW DELHI: Ahead of the Global Investors Summit 2023, Israel has expressed its desire to invest in Uttar Pradesh, the state government said in a press release on Friday. This comes after Gulf countries recently showed interest in investing in the country.
The Uttar Pradesh government is in constant contact with Israel regarding their investment in six sectors of the state, including defense and aerospace, IT, agricultural technology, pharmaceuticals, electronics manufacturing and water management.
“Israel plays an important role in water management in the Bundelkhand region of Uttar Pradesh. It will be an important partner of the state in the improvement of the defense and aviation industry of the state,” the statement added.
Uttar Pradesh will have six nodes of the Defense Corridor, an important central government project aimed at achieving self-reliance in defense manufacturing in India located within the state. “Israel can play a major role in that.” In addition, Israeli companies can also introduce new technologies to boost agriculture in the state,” the statement said.
Israel’s ambassador to India, Naor Gilon, recently hinted at the possibility of large investments in UP. He said that Israel is ready for an important partnership with UP in areas such as IT, security and defense infrastructure. “Many Israeli projects are already underway in Uttar Pradesh. Ongoing projects to address water problems in Bundelkhand are one of them. Israel is very progressive in the high-tech system and innovation.”
Uttar Pradesh government officials are in constant contact with industries in Israel’s major industrial cities such as Tel Aviv and Haifa. “The government is preparing to bring the negotiations with some IT companies based in Israel’s Silicon Valley to the final stage. On behalf of the government, officials of the Department of Agriculture and Irrigation are also ready to finalize the deal with Israel,” the statement added.
Follow all business news, market news, breaking news and breaking news on Live Mint. Download the Mint News app to get daily market updates.
More or less
[ad_2]
Source link