UP forms panel to wean away US, South Korean and Japanese firms from China

PICUP chief to head panel, dedicated email IDs created to address issues raised by investors from each of these countries

In order to woo global investors in the backdrop of reports of top corporations looking to exit China following covid-19 outbreak, the Uttar Pradesh government has set up a dedicated panel to facilitate investment from the US, South Korea and Japan.

This comes in the wake of a slew of measures being taken by the Adityanath government to reboot economic and industrial activities post-lockdown.

UP infrastructure & industrial development commissioner (IIDC) Alok Tandon has constituted the panel, chaired by the Pradeshiya Industrial & Investment Corporation of UP (PICUP) managing director, with NOIDA additional chief executive officer (CEO) and two officials of state