The Indian state of Uttar Pradesh has organised a webinar with about 100 representatives of US companies and offered favourable investment opportunities in the area.
State Minister Sidharth Nath Singh, who led his government, said that several companies had expressed interest in leaving China and were looking for other investment destinations, including India.
The webinar was organised by the United States-India Strategic Partnership Forum. The minister said that manufacturers of electronics, food processing firms, health products, IT, and global delivery services have shown interest. These included Lockheed Martin, Adobe Inc, Honeywell, Boston Scientific, and Cisco Systems as well as global delivery service companies like UPS and FedEx.
“General opinion was that India can be the major manufacturing country in the world with UP being the backbone", said Singh in a tweet on Wednesday.
USISPF organised webinar with over 100 #US firms. Many showed interest in moving their investment from China to UP in the areas of electronics, food processing, health etc.
— Sidharth Nath Singh (@SidharthNSingh) April 28, 2020
General opinion that India can be the major manufacturing country in the world with UP being the backbone. pic.twitter.com/Vop30LBUsu
The ascetic Chief of Uttar Pradesh, Yogi Adityanath has announced a special package for investors willing to leave China.
Several major US investors have been caught in the spar between their country and China. Washington holds Beijing accountable for the outbreak, with China hitting back, saying “attempts to shift the blame would not denigrate its efforts in responding to the virus".
As of Wednesday, there were over 30,000 COVID-19 cases in the country. Data from the nation's federal Health and Family Welfare Ministry puts the overall total of coronavirus cases at 31,332. Some 7,696 people have been cured and 1,007 have succumbed to the infection.
