MoU Signed Between Singapore and UP for Economic Cooperation
NEW DELHI, Feb 14: The Singapore Ministry of Trade and Industry has signed a Memorandum of Understanding (MoU) for economic cooperation with the Uttar Pradesh government, according to an official statement issued by the UP government on Tuesday. The MoU is in addition to the deals signed at the UP Global Investors Summit, it said.
Under the agreement, the governments of Singapore and Uttar Pradesh will cooperate in areas of mutual interest, including urban development, sustainable development industry and skill development, the statement said.
The cooperation between the two sides will enable Singapore and its companies to “better understand Uttar Pradesh and showcase their expertise,” it said. The agreement between the government of Singapore and Uttar Pradesh will facilitate greater cooperation between the two sides in mutually beneficial areas of economic development, the release said.
The agreement also includes a Sustainable Industrial Park, upgradation and digitization of MSMEs, content development, training pedagogy (pedagogy training), training of trainers, certification as well as training of government officials, the statement said.
“This cooperation between UP and Singapore has been identified in five major areas. Under this, a pilot project for urban development is slated to be implemented in Kudha Keshavpur, Ayodhya, to demonstrate the efficacy of smart water technologies in enhancing UP’s water sustainability,” it said.
A Joint Partnership Committee (JPC) will be formed for planning, monitoring, implementation and review of cooperative activities of the MoU, as per the release. The JPC will include senior officials from Singapore and Uttar Pradesh with expertise in the respective fields. JPC will mutually decide whether they need other agencies for better management under the MoU.
The JPC will present regular progress reports to the Permanent Secretary (Development) of Singapore’s Ministry of Trade and Industry and the Chief Secretary of the Uttar Pradesh government, the release said.
According to the press release, 21 Singaporean companies and 58 delegates participated in the UP Global Investors Summit held in Lucknow from February 10 to 12. Countries including Singapore, Japan, Netherlands and Denmark have also joined UP Global Investors Summit as partner countries.
(Manas Dasgupta)
