After Japan, it's Singapore: Companies pledge Rs 15,000 crore investment in Noida

 NOIDA: Ahead of the global investors' summit in February, several companies from Singapore have signed agreements for investments worth Rs 15,000 crore in various infrastructure projects in Noida and Greater Noida, officials said. 

A delegation of cabinet minister Swatnatra Dev Singh, the CEO of Noida and Greater Noida authorities, Ritu Maheshwari, and her counterpart in the State Industrial Development Authority, Mayur Maheshwari, visited Singapore and Australia recently to scout for investments. They termed the meetings there a "big success". 
Officials said Singapore's SLG Capital Group had signed a deal to invest about Rs 8,300 crore in the data centre and IT sector. Similarly, Global School Foundation will team up  for an investment of about Rs 100 crore. Agreements worth Rs 4,100 crore have also been signed with various Singaporean firms for investment in logistics, data centres and IT-ITES sectors, the officials said. 
The investor summit will be organised in Lucknow in February next year. A target of Rs 10 lakh crore has been fixed for investment. As many as 20 delegations of ministers and senior officials have been touring various countries to attract investors to the state. 
Officials said several companies had expressed interest in signing agreements. "Many more investors will come with a focus on logistics, the data centre and skill development. There are many companies that have expressed their willingness to invest in these areas for the immense possibilities of development in the region," an official said. 
In Singapore, the delegation held a meeting with the trade and industries minister and invited government representatives to the mega event. They also sought the cooperation of major companies in the country. 
The delegation, sources in the authorities said, also participated in a roundtable meeting with the CEOs of top companies in collaboration with 'Enterprise Singapore'. More than 20 companies participated in the meeting, they said. 
Another delegation to Tokyo, comprising tourism minister Jaiveer Singh and the CEO of the Yamuna Expressway Industrial Development Authority, Arun Vir Singh, also signed agreements worth Rs 15,000 crore. It included investments in the proposed textile and apparel parks that are coming up on 100 acres. 
In a roadshow, another deal of Rs 5,000 crore was signed with Akihiko Yamashiro One World Cooperation, which will help manufacture tools for waste management, officials said. 
Takeshi Ando of Nissenken Quality Evaluation Center will set up a quality and evaluation hub for the textile and apparel park with an investment of Rs 10,000 crore. The officials said that the project would generate employment for 10,000 people in the YEIDA area. 

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