American tech giants Microsoft and MAQ Software, as well as PepsiCo, have come forward to set up their units in Uttar Pradesh. The budget will cost Rs 2,866 crores giving a boost to industrial development in the state.
The factories being set up by the three US-based multinational companies will provide employment to thousands of people. Microsoft and MAQ Software will set up their units in Noida whereas PepsiCo has started construction of its factory in Mathura, said an Industrial Department official. Siddhartha Nath Singh, the MSME, and Export Promotion Minister said that the US investors associated with the forum have also contacted the UP government. 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. Singh 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.
In the development, the multinational software giant Microsoft has been allotted 60,000 sq. meters of land in Noida to set up its `largest` center in the country, which will employ 3500 people. Similarly, MAQ India Private Limited has also been allotted 16,350 sq. meters of land in Noida`s Sector-145 to set up its plant. The IT major will invest Rs 252 crore to set up its unit which will provide employment to around 2500 people. The multinational food and beverage company PepsiCo is setting up a potato chips factory in Kosi Kalan, Mathura. Production at the PepsiCo factory, which is being built at a cost of about Rs 800 crore, is likely to start this year itself.
Uttar Pradesh to commence 3rd phase of Mission Shakti today
MP: Horse painted in BJP colors shown in Jan Ashirvad Yatra, NGO complains to police
Stadium to name after Tokyo Olympic gold medallist Neeraj Chopra
