USIBC delegation visits Lucknow
A large delegation comprising 39 members of the US-India Business Council (USIBC) held a visit to the capital of Uttar Pradesh, Lucknow and discussed investment proposals for the country's most populous state.
The delegation focused on sectors like agri-food processing, manufacturing, infrastructure, information technology, skills development, defence, heavy metal and healthcare at the summit titles, 'Destination Uttar Pradesh - Investing in Future'. The summit was the first of its kind organised by the Confederation of Indian Industry (CII) in the city.
The USIBC delegations pointed out that capital investment sand new technology is required to tap into the vast potential of the state. Ajay Banga, chairman of the USIBC said that the infrastructure development would play an important role in the economic progress of Uttar Pradesh.
Chief minister Akhilesh Yadav urged the entrepreneurs from the US to invest in the state and promised all support to ensure economic progress of the state. "Uttar Pradesh has 11% of India's purchasing power and helps investors connect to 60% of India's rural market. In rural UP, a revolution is waiting to happen," he said.
US India Business Council president Ron Somers said that the American businesses are looking to come to the state. The Chief Minister has also agreed to address the 38th Annual General Meeting of the USIBC in Washington DC on June 27 this year.