(Kajal Singh Intern Journalist)
Lucknow: Uttar Pradesh Chief Minister Yogi Adityanath has played a big bet between COVID 19. The Yogi government has told the big companies of America that if they move out of China and shift their factories and bases to Uttar Pradesh, then they will be given a favorable convenience. These companies include FedEx, UPS, Cisco, Adobe, Lockheed Martin, Honeywell, Boston Scientific, etc. Tell that Prime Minister Narendra Modi had recently told the states that many foreign companies want to move out of China and come to India since COVID 19. In such a situation, the states have to be ready for new opportunities.
Modi had asked to attract global companies that want to come out of China. According to the report of Indian Express, after this, the government of Uttar Pradesh had a video conference with 100 investors and companies of America. Provisions will be made according to the needs of companies Siddharth Nath Singh, Minister of Small and Medium Industries, Investment and Export in the state government said that he has received many questions related to this, what facilities will the state government give to companies on shifting from China. They have been told that provisions can be given according to their needs.
For example, FedEx and UPS were told that the proposed jewelry could use the international airport to start their operations. Siddharth Nath Singh also said that Boston Scientific, a company making medical devices, asked about the facilities offered by the state, to which he was told that the state was ready to discuss the changes according to their needs. Apart from this, the minister also suggested that Lucknow can be a great location for the company. Similarly, defense firms such as Lockheed Martin were told that they could use the Defence Corridor of Uttar Pradesh.
Companies have been considering exiting China for a long time The coronavirus has made the situation worse for China, where global companies were already considering moving out of their base due to the US-China trade war. Due to the trade war between the two countries, the prices of products were continuously increasing, which impacted the profit margins of the companies. However, India could not take full advantage of the situation at that time, but now the Centre and the states together do not want to leave any stone unturned to attract foreign investors.