Yogi Adityanath's offer for companies to move from China to UP

[karthik25]

Yogi Adityanath’s promise to FedEx, Cisco, Adobe: Tailor-made facilities if you move from China to UP

 

Chief Minister Yogi Adityanath’s government has proposed to provide several facilities to giant corporations of the US, including FedEx, UPS, Cisco, Adobe, Lockheed Martin, Honeywell, Boston Scientific, and others if they shift factories and bases from China to the state of Uttar Pradesh. After Prime Minister Narendra Modi’s call to the states to use the current situation to woo global companies that want to exit China in the wake of the spread of the coronavirus pandemic, the UP government held a video conference with nearly 100 investors and companies from the US, The Indian Express reported.

Uttar Pradesh Minister for MSME, Investment and Exports Siddharth Nath Singh said that he received several questions regarding the perks that the state could offer if the companies shift their bases from China. They were told they could get tailor-made provisions per their needs.

For example, FedEx and UPS were told they can use the proposed Jewar international airport to start their operations. Siddharth Nath Singh also said that medical devices maker Boston Scientific was asked about the incentives UP could offer; it was told that the state is willing to discuss changes according to their requirements. Further, the minister also suggested that Lucknow would be an excellent location for the company. Similarly, defence firms such as Lockheed Martin were told that they could use the Uttar Pradesh defence corridor.

Also Read: Waking up ‘sleeping giant’: PM Modi urges India’s states to woo global cos leaving China

Coronavirus has made the situation worse for China, where the global companies were already making up their minds to move their bases out due to the US-China trade war. The trade war between both countries was leading to a continuous increase in the prices of products, which was hitting the profit margins of the companies. Though India could not make the most out of the situation then, the centre and the states seem to want to leave no stone unturned this time to attract the foreign investors.

Read Coronavirus in India Latest News Updates (LIVE)

Meanwhile, Siddharth Nath Singh said to the US companies that the state has already announced various incentives such as capital subsidy, land subsidy and a bouquet of incentives and there are 90 lakh MSME units which could be used for multiple purposes. On top of that, the state government has recently discussed measures including an amendment to the state’s industrial policy to attract companies that are keen to shift their base from China.

 

[karthik25]

Mana jaggadu emanna chestunnada ee angle lo? 

[JaiTDP]

Really good if it happens.

[BeerBob123]

3 minutes ago, karthik25 said:

Mana jaggadu emanna chestunnada ee angle lo? 

yes 

vallantha 2007 lone letter raasaru highly respected  letter raasaru

[Android_Halwa]

Nothing is going to change..

Slow ga domestic consumption increase chesukodaniki india lo manufacturing pettadame thapa..export range antha scene ledu le ipatlo

[jefferson1]

manufacturing ki facotries kadatharu but raw material ekkada nunchi vasthundi ( product raw material)

[karthik25]

2 minutes ago, Android_Halwa said:

Nothing is going to change..

Slow ga domestic consumption increase chesukodaniki india lo manufacturing pettadame thapa..export range antha scene ledu le ipatlo

This is also good for the economy. In fact, Indian economy is largely domestic consumption driven. 

[Android_Halwa]

4 minutes ago, karthik25 said:

This is also good for the economy. In fact, Indian economy is largely domestic consumption driven. 

That is our strength man...export based chusukuntaru, of course adi kuda important ae kani if we empower rural population, literally 130 crore customers in india..much bigger than export markets put together..

Domestic consuption increase avuthe, domino effect laaga micro level la huge improvement vuntadi...I think need of the hour adi..

[karthik25]

11 minutes ago, Android_Halwa said:

That is our strength man...export based chusukuntaru, of course adi kuda important ae kani if we empower rural population, literally 130 crore customers in india..much bigger than export markets put together..

Domestic consuption increase avuthe, domino effect laaga micro level la huge improvement vuntadi...I think need of the hour adi..

yes. Also, domestic consumption dominant unnappudu, we will be less effected when world economy is in doldrums. Cinemallu criticize chestaru kani, our huge population offers many advantages.

[Android_Halwa]

1 hour ago, karthik25 said:

yes. Also, domestic consumption dominant unnappudu, we will be less effected when world economy is in doldrums. Cinemallu criticize chestaru kani, our huge population offers many advantages.

2008 slowdown lo ie domestic consumption ae adukunnadi...

ipudu kuda ade, domestic consumption will kick start the growth engine ..

[No_body_friends]

Modi + Adithyanath gadi tho cheyyali business cheyyaka cheyyaka

[Sachin200]

1 hour ago, karthik25 said:

Yogi Adityanath’s promise to FedEx, Cisco, Adobe: Tailor-made facilities if you move from China to UP

 

Chief Minister Yogi Adityanath’s government has proposed to provide several facilities to giant corporations of the US, including FedEx, UPS, Cisco, Adobe, Lockheed Martin, Honeywell, Boston Scientific, and others if they shift factories and bases from China to the state of Uttar Pradesh. After Prime Minister Narendra Modi’s call to the states to use the current situation to woo global companies that want to exit China in the wake of the spread of the coronavirus pandemic, the UP government held a video conference with nearly 100 investors and companies from the US, The Indian Express reported.

Uttar Pradesh Minister for MSME, Investment and Exports Siddharth Nath Singh said that he received several questions regarding the perks that the state could offer if the companies shift their bases from China. They were told they could get tailor-made provisions per their needs.

For example, FedEx and UPS were told they can use the proposed Jewar international airport to start their operations. Siddharth Nath Singh also said that medical devices maker Boston Scientific was asked about the incentives UP could offer; it was told that the state is willing to discuss changes according to their requirements. Further, the minister also suggested that Lucknow would be an excellent location for the company. Similarly, defence firms such as Lockheed Martin were told that they could use the Uttar Pradesh defence corridor.

Also Read: Waking up ‘sleeping giant’: PM Modi urges India’s states to woo global cos leaving China

Coronavirus has made the situation worse for China, where the global companies were already making up their minds to move their bases out due to the US-China trade war. The trade war between both countries was leading to a continuous increase in the prices of products, which was hitting the profit margins of the companies. Though India could not make the most out of the situation then, the centre and the states seem to want to leave no stone unturned this time to attract the foreign investors.

Read Coronavirus in India Latest News Updates (LIVE)

Meanwhile, Siddharth Nath Singh said to the US companies that the state has already announced various incentives such as capital subsidy, land subsidy and a bouquet of incentives and there are 90 lakh MSME units which could be used for multiple purposes. On top of that, the state government has recently discussed measures including an amendment to the state’s industrial policy to attract companies that are keen to shift their base from China.

 

Hope it will happen in real time rather than ppts 

[Sachin200]

23 minutes ago, Android_Halwa said:

2008 slowdown lo ie domestic consumption ae adukunnadi...

ipudu kuda ade, domestic consumption will kick start the growth engine ..

Kani aa domestic market valla profit podutundhi ( to a a certain extent ) corporate Valle ga 

[Dhevudu2]

Quote

 

Hope it happens and  they will find a solution for pollution as well

[karthik25]

21 hours ago, Sachin200 said:

Kani aa domestic market valla profit podutundhi ( to a a certain extent ) corporate Valle ga 

When we are moving from socialist to capitalist setup, corporate people do get richer. 

If these companies come to India, yes, the corporates will get richer. But it benefits the consumer also. To make a domestically manufactured product reach the Indian consumer would cost lesser for the companies. So, the costs would come down. No import taxes, lesser transportation charges etc.