Yogi Adiyanath, Chief Minister of Uttar Pradesh, with the help of the central government is endeavoring hard to utilize the America-China trade war to India’s advantage.
Giving momentum to the shifting plans of US-based companies
As we know, there have always been conflicts between America and China. And the conflicts have intensified in the flash of COVID-19. America is currently the most afflicted nation due to this pandemic and Trump openly blames China for the deliberate outspread of this virus.
American companies have been planning to move out of China for long which now seems reasonable after the situation has worsened for China as a consequence of being the origin of this pandemic.
Yogi Adityanath’s proposal to the companies
Yogi Adiyanath lately held a video conference to the 100 US-based companies to discuss his proposal to provide several facilities on shifting to Uttar Pradesh. It included several giant corporations such as FedEx, UPS, Cisco, Adobe, Lockheed Martin, Honeywell, and Boston Scientific.
Uttar Pradesh Minister for MSME, Investment and Exports, Siddharth Nath Singh proposed many perks varying from company to company. For instance, FedEx and UPS were offered Jewar international airport to start their operations, defense firms such as Lockheed Martin were told that they could use the Uttar Pradesh defense corridor and medical devices maker Boston Scientific was offered Lucknow as their location, to begin with.
Singh also told the potential investors from the US that the Uttar Pradesh government had announced various incentives such as capital subsidy and land subsidy.
India has tried to lure the companies to shift to Uttar Pradesh at its best. Now, the time will tell if the deal yields or not.