UP Govt, Japan’s Yamanashi Sign Four MoUs, Unveils Rs 600 Crore Fund For MSMEs

Lucknow, Aug 22 (KNN) The Uttar Pradesh government and Japan’s Yamanashi Prefecture on Friday announced measures to deepen economic cooperation, including a Rs 600-crore fund for Uttar Pradesh’s MSMEs and a dedicated Yamanashi Desk at Invest UP to facilitate investment.

The announcements were made at the Japan–India Business Networking Event in Lucknow, attended by Uttar Pradesh Chief Minister Yogi Adityanath, Yamanashi Governor Kotaro Nagasaki, Japanese business leaders and senior state officials, The Hindu reported.

Four MoUs Signed

The two sides signed four Memoranda of Understanding (MoUs) covering skills development, technical training, tourism and Japanese global capability centres (GCCs).

Adityanath said the partnership should move beyond investment discussions towards structured, long-term cooperation. The Yamanashi fund, he said, would support the growth of MSMEs in Uttar Pradesh.

The dedicated desk at Invest UP will provide a focused channel for companies from Yamanashi, while regular coordination with JETRO and JICA will help identify investment opportunities, address investor concerns and speed up project implementation.

Adityanath said, “Japan is not only an important investment partner for Uttar Pradesh; it is a long-term partner in our development journey. We want this relationship to become more structured and outcome-driven. The Rs 600-crore Yamanashi fund, the dedicated Yamanashi Desk at Invest UP and regular coordination with JETRO and JICA will help us move faster from dialogue to implementation,” as quoted by The Hindu.

Focus on Investment and Jobs

He highlighted Uttar Pradesh’s connectivity, industrial infrastructure, skilled workforce and investment policies as factors supporting Japanese investment.

Adityanath noted that the state sought to build a partnership in which investment, technology, skills and employment advance together. 

“Uttar Pradesh has the scale, infrastructure and young workforce that Japanese companies need, while Japan offers technology, skills and global experience that can accelerate our growth. Our objective is to create a partnership that generates investment, jobs and lasting institutional linkages,” the Chief Minister said.

(KNN Bureau)