Yogi Adityanath Meets GIC, Temasek and DBS in Singapore to Boost Uttar Pradesh Investment Push
Chief Minister Seeks Sovereign Investment in Data Centres, Logistics and Renewable Energy
Singapore and Lucknow, February 23: Uttar Pradesh Chief Minister Yogi Adityanath began his Singapore visit on Monday with a series of high-level meetings aimed at attracting sovereign and institutional investments into the state’s priority sectors.During his engagements, the Chief Minister discussed opportunities for sovereign investment participation across data centres, logistics hubs, renewable energy, and industrial infrastructure. He highlighted Uttar Pradesh’s policy framework and fast-track clearance mechanisms designed to support global investors.
Meeting with GIC Focuses on Long-Term Institutional Investments
Adityanath held discussions with Lim Chow Kiat, Chief Executive Officer of GIC, exploring avenues for long-term institutional investments in infrastructure, logistics, industrial parks, and sustainable urban development projects in Uttar Pradesh.He acknowledged GIC’s existing partnerships in the state, including its association with IRB Infrastructure Developers Ltd in the Ganga Expressway project and collaboration with Greenko.
Financial Cooperation Talks with DBS Group
The Chief Minister also met Tan Su Shan, Chief Executive Officer of DBS Group, along with senior leadership members. Discussions centred on strengthening financial cooperation, facilitating project financing, and supporting investment flows into infrastructure and growth sectors in Uttar Pradesh.DBS operates in India through a wholly-owned subsidiary and remains one of the leading Singapore-based business groups engaged in the Indian market.
Temasek Explores Infrastructure and Logistics Opportunities in Uttar Pradesh
In a separate meeting, Adityanath engaged with Teo Chee Hean, Chairman of Temasek Holdings, to discuss sovereign investment opportunities in Uttar Pradesh across data centres, logistics hubs, renewable energy, and industrial infrastructure.According to an official statement, Temasek manages a global portfolio of approximately USD 400 billion, with nearly USD 50 billion invested in India. The Chief Minister invited the investment firm to explore opportunities in infrastructure, logistics, fintech-led city development, and allied sectors within the state.
Temasek shared that its portfolio company Manipal Hospitals is investing around Rs 500 crore in Ghaziabad. Another portfolio company, Ascendas, is investing approximately Rs 500 crore to develop logistics and warehousing facilities in Uttar Pradesh.
Both sides agreed to explore collaboration in emerging areas such as data centres and skill development, aligned with the state’s focus on future-ready infrastructure and employment generation.
Visit Aligned with India-Singapore Strategic Roadmap
The Chief Minister stated that his visit aligns with the India-Singapore Comprehensive Strategic Partnership Roadmap, which identifies priority areas including economic cooperation, digitalisation, skills development, sustainability, connectivity, and advanced manufacturing.During his stay in Singapore from February 23 to 24, Adityanath is scheduled to meet key political leaders, including Prime Minister Lawrence Wong, Foreign Affairs Minister Vivian Balakrishnan, Minister Tan See Leng, and President Tharman Shanmugaratnam.
The itinerary also includes engagements with sovereign and institutional investors such as Temasek and GIC, as well as business leaders from data infrastructure, logistics, aviation services, financial services, and advanced manufacturing sectors.
Diaspora Outreach and Japan Leg to Follow
On Monday evening, the Chief Minister will meet members of the Indian diaspora at One World International School, where a cultural programme is scheduled, followed by interaction with people of Indian origin and Singaporeans whose ancestors trace their roots to Uttar Pradesh.Adityanath’s four-day visit, from February 23 to 26, also includes Japan, where he will position Uttar Pradesh as a manufacturing hub and seek investments in data centre infrastructure, renewable energy, agribusiness, and automobile sectors. Meetings are scheduled with representatives of Google, Toshiba, and Suzuki Motor Corporation.
In Japan, he is also expected to engage with industry representatives on green hydrogen, supply chain development, and hospitality investments, alongside interactions with members of the Indian diaspora and students.
Officials said the visit marks the Chief Minister’s first foreign tour since 2017 and is aimed at accelerating Uttar Pradesh’s ambition of becoming a one trillion dollar economy.
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