Invest UP strengthens investment ties with Moscow; explores collaboration in key sectors

Lucknow, Oct 17 (UNI) In a bid to enhance collaboration and attract foreign investment to Uttar Pradesh, Invest UP hosted a productive and engaging online meeting with Anatoly Mikhailovich Garbuzov, Minister & Chairman, Department of Investment and Industrial Policy, Government of Moscow , along with a high-level delegation from Technopolis Moscow.

The meeting was facilitated by Invest UP’s Russia Desk.

The delegation comprised Gennady Degtev (CEO, Technopolis Moscow), Anatoli Averin, Ms. Irina Pingorina, Tatiyana, and Amar Deep Singh (Indian Representative).

After the successful Country-Partnership of Russia at UP International Tradeshow (UPITS) held last month Uttar Pradesh is engaging with the Russian Government for wider business collaboration.

The discussions centred on deepening industrial cooperation between Uttar Pradesh and Moscow, with a focus on the state’s robust industrial ecosystem, progressive policies, skilled workforce, and world-class infrastructure. The Invest UP team showcased key policy initiatives, including the Uttar Pradesh Industrial Investment & Employment Promotion Policy 2022 and the Uttar Pradesh Fortune Global, India-500 Investment Promotion Policy 2023, highlighting the lucrative incentives and tremendous investment opportunities available for global investors in multiple sectors.

Both sides explored potential partnerships in renewable energy, pharmaceuticals, advanced manufacturing, and technology-driven industries.

The meeting underscored mutual interest in fostering cross-border investments and facilitating industrial linkages between enterprises from Moscow and Uttar Pradesh.

Senior officials from Invest UP extended a cordial invitation to the Moscow delegation to visit Uttar Pradesh and assess prospective sites for investment. In response, the Moscow representatives invited Invest UP to participate in upcoming roadshows and engage in focused discussions to identify collaborative opportunities.

As part of its broader international outreach, Invest UP continues to strengthen global partnerships and attract foreign investments. The state is actively positioning itself as a preferred destination for investors, with upcoming investment roadshows planned in Taiwan, Germany, France, Singapore, Russia, Japan, and the UAE.

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