UP Govt Signs MoU Worth $1 Billion With Singapore Company To Set Up Data Centre In State

Ahead of the Global Investor Summit scheduled for February 2023, the Uttar Pradesh government has signed a memorandum of understanding (MoU) worth $1 billion with Singapore-based company for setting up of data centre in the state.

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has signed a MoU worth $1 billion with Singapore’s SLG Capital for setting up a data centre in the state.

“In the presence of minister Swatantra Dev Singh, Signing of the MoU took place with SLG capital Singapore and UPSIDA for Datacenter establishment in Uttar Pradesh. Investment worth 1 billion US dollars will benefit the state's technical growth and employability," a tweet from the Official Twitter account of Uttar Pradesh State Industrial Development Authority (CEO Noida) reads.

A delegation led by Uttar Pradesh Minister Swatantara Dev Singh is on a visit to Singapore to attract investments ahead of the investor summit.

In yet another deal, UPSIDA said it also signed an MoU worth Rs 2000 crore with Star Consortium Private Limited Signed in Singapore for the establishment of datacenter/Logistic services in Uttar Pradesh.

“The investment worth Rs 2000 crore will generate employment for many people in the state,” the UPSIDA tweeted.