Today, Uttar Pradesh government said in a statement that American tech giants Microsoft, MAQ Software, and PepsiCo have agreed to invest Rs 2,866 crore for setting their units in Noida and Mathura.
According to the developmental plan, technology giant Microsoft and MAQ Software will set up their units in Noida, while PepsiCo is building its new plant in Mathura.
Interestingly, these three US multinational companies will provide employment to 7,500 people in the state.
Siddharth Nath Singh, the MSME, and Export Promotion Minister said, “Many US investors interested in investing in Uttar Pradesh are encouraged by these developments and many of them had contacted the state government,”
Microsoft and MAQ Software will set up their units in Noida whereas PepsiCo has started construction of its factory in Mathura, he said
The companies including Adobe, Amazon, American Tower Corporation, Apple, Caterpillar, Delphi, Cisco, Deloitte, Emerson, Ernst & Young, Google, Johnson & Johnson, JP Morgan & Company, Lockheed Martin, Marriott International, MasterCard, Mondelez International, Carlyle Group, Walmart, Warburg Pincus, IHS Markit and USIBC are willing to invest in UP and in other parts of the country, he said.
According to an IANS report, Among the above companies like Adobe, Amazon, Microsoft, Delphi New Holland, Global Logic, Excel, PepsiCo, Synopsis and Cargill are already operating in India while Microsoft, MACQ Software Noida and PepsiCo have stepped up efforts to set up their units in UP.
Siddhartha said that more than 40 foreign companies, including American companies, proposed to invest about Rs 17,000 crore in UP in the last four and a half years of the Yogi Adityanath government.
Microsoft has been allotted 60,000 sq. metres of land in Noida to set up its ‘largest’ centre in the country, which will employ 3500 people, Siddhartha added.
Similarly, MAQ India Private Limited has also been allotted 16,350 sq. metres of land in Noida’s Sector-145 to set up its plant.
PepsiCo is building a potato chip plant in Kosi Kalan, Mathura. The facility, which would cost over Rs 800 crore, is expected to start production this year.
This project will directly or indirectly employ 1500 people. The chips will be made from potatoes grown by local farmers, said the state government. With IANS Inputs
