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100 US firms may shift base to Uttar Pradesh from China

https://www.financialexpress.com/industry/100-us-firms-may-shift-base-to-uttar-pradesh-from-china/1943604/

Mastercard was keen on exploring opportunities in rural areas by providing the facility of digital payment to kirana stores.

As many as 100 US companies keen on exiting China after the Covid-19 pandemic are seriously considering Uttar Pradesh as their new destination.

Uttar Pradesh’s minister in charge of MSMEs Siddharth Nath Singh on Tuesday engaged with them through a webinar, organised by the United States-India Strategic Partnership Forum. Representatives of these companies showed interest in the fields of agriculture, electronics, medicine, scientific instrumentation, logistics, defence, aviation, food processing MRO, etc. The companies include Lockheed Martin, Adobe, Honeywell, Boston Scientific and Cisco Systems as well as global delivery services providers like UPS and FedEx.

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