UP aims to retain local talent, delegation to visit Taiwan to attract investments: Official

NEW DELHI: A high-level delegation of top Uttar Pradesh government officials is likely to visit Taiwan to explore new investment opportunities as the state eyes to retain locally-available talent pool, a top official said Wednesday.

"Soon, a high-level delegation of officials will visit Taiwan," said Vijay Kiran Anand, Secretary, Infrastructure and Industrial Development, and Chief Executive Officer of Invest UP, adding that the state wants to retain talent within UP and gain access to the global supply chain.

Anand was speaking at an industry event in Greater Noida.


Yogi Adityanath-headed state has become the largest manufacturer of smartphones, contributing more than 60% of the country's production. It has also been working aggressively to attract investors across the electronics and semiconductor value chain.

Further, the official said the state would offer a single-window process with dedicated teams under one roof to ensure timely clearances and implementation.

Through the FDI policy, the state government is allowing capital subsidies exceeding 35%, in addition to incentives for scaling projects and green technology deployments.

"We have 2,10,000 graduates. We have 8,000 educational institutes in UP." Furthermore, he said that manpower from Uttar Pradesh facilitates businesses and product development worldwide.

"Our state is working with organisations, departments, and vocational and technical education institutions to develop a pipeline over the next 5 years to supply the estimated number of people needed for this sector."

The Uttar Pradesh Electronics Manufacturing Policy, amended in 2020, offers a 15% capital subsidy on FCI for investments over Rs 1,000-crore, an additional capital subsidy of up to 5% for anchor units, 100% exemption in stamp duty, and full reimbursement of patent filing costs.

"We want to develop clusters for different sectors in the new niche areas. The opportunity to prepare photonics and quantum technologies. So, we need to develop those clusters after identifying where we can create them."

Last year, the Centre under the Department of Science and Technology, launched the Research Development and Innovation (RDI) Fund, a ?1 lakh crore initiative across multiple technologies including artificial intelligence (AI), quantum and robotics to incentivise industry participation to boost Atmanirbharta (self-reliance).