United States can't ignore UP if it wants to improve ties with India: BJP minister

Agencies
May 4, 2018

Washington, May 4: If the United States wants to improve its ties with India, it can no longer ignore or sideline Uttar Pradesh, a visiting delegation from the most populous Indian state has said. Uttar Pradesh Health Minister Sidhartha Nath Singh is leading the high-powered delegation of top state officials to the US. "It is important for the Government of the United States to understand that for any relationship with India to go up, obviously other states are important, but Uttar Pradesh remains the most important," Singh said.

"Even if you want to improve the health index of India, for example, India can come up only if UP scores well in this area," Singh said. Having concluded their trip to the Silicon Valley in California, the delegation was in Washington DC yesterday, holding meetings with US Government officials.

They met with officials from the State Department, the Department of Commerce and USAID and had round tables with the industry representatives, sending them the common message that they can "no longer" afford to ignore or skip Uttar Pradesh if they want to invest in or improve ties with India.

Singh said the BJP government had initiated a series of administrative reforms in sectors like health, agriculture, industry and education so as to make Uttar Pradesh a business-friendly destination.

"In addition, UP offers a huge market for companies," Singh and his delegation said during their powerpoint presentation before representatives of US companies.

He said the American corporate sector had shown interest to invest in defence manufacturing, IT and health sectors in Uttar Pradesh, while some of the top educational institutions wanted collaborative research and problem-solving projects.

During the Investors Summit-2018 in February in Uttar Pradesh, Prime Minister Narendra Modi had announced a defence industrial corridor in the Bundelkhand region, saying it would bring an investment of Rs 20,000 crore and generate employment avenues for 2.5 lakh people.

"After recent announcement of defence corridor, a number of US defence companies have shown serious interest in investing in this sector in the state," said Singh.

He held meetings with representatives of the Lockheed Martin here while a meeting with Boeing is also on the cards. "US companies have shown big interest in UP's health sector, for which the BJP government has announced ambitious expansion plans, and the fast-developing IT sector in Noida, adjoining the national capital," said Singh.

He also suggested that the state could collaborate with some American universities for fellowship programmes, exchange programmes or research programmes. "That could be a big, big takeaway for us," Singh said, as he referred to a meeting that the delegation has had with the Stanford University in Silicon Valley this week.

Companies like Pepsico and Cargill have shown interest in investing in the state's agriculture sector. Both the companies have signed memorandums of understanding with UP. Singh said his delegation has received an invitation from the US India Strategic and Partnership Forum (USISPF) for Chief Minister Yogi Adityanath to visit the United States later this summer. "We hope the chief minister visits the US soon," Singh said.

"The US trip is basically to get UP to be known in a new way and also to get investment from US into Uttar Pradesh," Singh said. The delegation would next travel to New York before leaving for India.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 15,2024

Udupi: The Tourism Department is planning a major eco-friendly development initiative for Kamini Island, located near the Blue Flag-certified Padubidri End Point beach, aiming to attract more visitors while maintaining environmental sustainability.

Assistant Director Kumar CU emphasized that, given the island’s proximity to the Blue Flag beach, all development efforts will center around eco-friendly practices. “We are looking to enhance the Kamini River and the island’s surroundings by adding a hanging bridge, nature trails, and eco-friendly food courts offering traditional cuisine. Visitors will also be able to reach the island by pedal boats or kayaking,” he said.

The development project is estimated to cost between Rs 3 crore and Rs 4 crore. Meanwhile, the Blue Flag beach, Padubidri, continues to see a steady flow of visitors. Vijay Shetty, manager of the beach, shared that tenders for food courts and water sports have been awarded to private parties. Recently, three new coracles have been introduced, which are proving to be a hit with visitors. Additionally, three more shelters are expected to be ready by November 20.

Shetty mentioned that the beach can now accommodate between 2,500 and 3,000 visitors daily, although footfall remains lower than other district beaches due to user fees and activity restrictions. “Initially, most visitors were from Mangaluru, but now nearly 40% come from other districts, showing a shift in the visitor demographics,” Shetty noted.

To further boost tourism and promote a healthy lifestyle, a Beach Carnival is set to take place on November 23-24, featuring the National Sea Swimming Championship and a sea marathon in collaboration with the Padubidri JCI, which is celebrating its golden jubilee. Cultural events will be held at the main beach, with some sports events taking place at the Blue Flag beach. Emphasis will be placed on making all activities environmentally friendly.

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News Network
November 18,2024

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Mangaluru: The Ullal police have arrested Manohar, the owner of Vazco Beach Resort, and its manager Bharath in connection with the drowning of three college girls from Mysuru at the resort’s swimming pool on November 17.

City Commissioner of Police Anupam Agrawal confirmed the arrests, stating that a case has been registered under Section 106 of BNS. The bodies of the victims, all in their twenties, have been handed over to their parents. The women had arrived at the resort for a weekend getaway on November 16.

Following the tragic incident, the resort was sealed by officials led by Mangaluru Assistant Commissioner Harshavardhan. The trade license of the resort, issued on June 13, 2024, has been suspended, and the tourism department has temporarily revoked the resort's registration. These actions prohibit the resort from engaging in any tourism-related activities until further notice.

Someshwara TMC Chief Officer stated that the suspension was due to the resort's failure to implement adequate safety measures, which resulted in the loss of three lives. Further investigations are underway.

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