Singapore Feb23
During the first day of Adityanath’s visit, investment commitments worth ₹19,877 crore (approximately US$2.4 billion) were secured across sectors including logistics, connectivity and infrastructure development, officials said.
In a social media post, Wong highlighted the growing footprint of Singaporean companies in Uttar Pradesh and underscored the potential for stronger business linkages.
“Companies from Singapore are investing in Uttar Pradesh in various sectors, particularly logistics, connectivity, and infrastructure development,” he said, describing the state as India’s “third largest state economy and one of the fastest growing regions.”
“We had a good exchange on opportunities for Singapore and Uttar Pradesh to strengthen economic ties and support business partnerships. I wish Chief Minister Adityanath a productive visit to Singapore,” Wong added.
Push to Attract Global Capital
Adityanath’s visit is part of a broader outreach by the Uttar Pradesh government to attract foreign investment and position the state as a major manufacturing and logistics hub in South Asia. With a population exceeding 240 million — larger than most countries — Uttar Pradesh has been aggressively promoting industrial corridors, expressways and urban infrastructure projects to global investors.
Singapore, known for its expertise in urban planning, transport systems, port management and smart city development, has emerged as a key partner in several Indian infrastructure initiatives.
Strategic Economic Partnership
Bilateral economic ties between India and Singapore have steadily expanded since the signing of the Comprehensive Economic Cooperation Agreement (CECA) in 2005. Singapore is consistently among India’s top sources of foreign direct investment (FDI), and Indian states increasingly engage directly with Singaporean firms and government-linked companies.
Uttar Pradesh has been seeking investments in sectors such as warehousing, multimodal logistics parks, metro rail systems, industrial townships and digital infrastructure — areas where Singaporean companies have strong global credentials.
Analysts say the focus on connectivity and logistics aligns with India’s broader goal of strengthening supply chains and boosting exports under its “Make in India” strategy.
Gateway to South Asia’s Consumer Market
For Singaporean businesses, Uttar Pradesh offers access to one of the world’s largest consumer markets and a strategic location linking northern and eastern India. Improved road networks, dedicated freight corridors and new airports are transforming the state into a logistics gateway for the region.
Officials in Lucknow view foreign partnerships as critical to sustaining high growth rates and generating employment, particularly in manufacturing and services.
Adityanath’s ongoing trip is expected to include meetings with business leaders, sovereign funds and infrastructure firms, with additional agreements likely to be announced in the coming days.