Uttar Pradesh Pitches Pharma Hub Goal, Invites Japanese Investment

Invest UP has formally invited Japanese companies to invest in Uttar Pradesh's burgeoning pharmaceutical sector. This invitation was extended during a virtual meeting held on Friday at PICUP Bhawan between Invest UP officials and representatives from Japan's Kansai Pharmaceutical Association.

Presiding over the meeting, Avnish Awasthi, Advisor to the Chief Minister, highlighted Uttar Pradesh's rapid progress towards becoming a leading pharmaceutical hub. He emphasised the state's strong base for developing skilled human resources, citing institutions like KGMU, SGPGI, AIIMS, over 200 medical colleges, and more than 25 med-tech start-ups actively preparing talent for Contract Development and Manufacturing Organisations (CDMOs). Mr Awasthi stated that this creates significant potential for investment in the sector.

He further detailed the state's robust infrastructure, including seven operational expressways with six more under construction, and the availability of five international and 16 domestic airports. The large consumer market of Uttar Pradesh, combined with a young demographic (over 56 per cent of the population), was presented as a key advantage for establishing the state as a pharma hub.

Information regarding incentives for FDI, FCI, Fortune Global 500, and Fortune India 500 companies under the Uttar Pradesh Investment Promotion Policy 2023 was also shared. Invest UP officials encouraged the Japanese delegation to visit Uttar Pradesh to explore these opportunities firsthand and experience cultural attractions like the Buddhist Circuit and the Taj Mahal.

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The Japanese delegation was led by Dr Yoshikazu Hayashi, Director-General of the Kansai Pharmaceutical Association, and Professor Atsuko Kamiike of Chuo Gakuin University.

Discussions With Russia On Defence And Aerospace Sector

In a separate engagement, Invest UP held a virtual meeting with Russia's Trade Commissioner's office focused on investment opportunities in the defence and aerospace sector.

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Shashank Chaudhary, Additional Chief Executive Officer of Invest UP, invited the Russian representatives to invest in this key sector within Uttar Pradesh. Both sides expressed interest in establishing joint ventures and collaborative platforms aimed at promoting innovation and manufacturing excellence in defence and aerospace.