New Student Offer - Use Code HELLO

Register Now

Japan to invest ₹7,200 crores in Uttar Pradesh

Published on February 28, 2023
Current Context: Japan's investment in Uttar Pradesh's hospitality industry. Japan's Hotel Management International (HMI) Group has signed an MoU with the UP government to develop 30 new hotels across the state with an investment of  7,200 crore. The company operates more than 60 hotels in major cities of Japan and sees a favourable opportunity in UP as the tourism sector is growing.
Japan to invest ₹7,200 crores in Uttar Pradesh
Some possible reasons for this investment are:
  • The development of Shrikashi Vishwanath Dham Corridor in Varanasi, which attracts a large number of tourists.
  • The Global Investors Summit held recently in UP, which showcased the state's potential for various sectors.
  • The friendly relations between India and Japan, which have been strengthened by various initiatives such as bullet train project, industrial corridors.
  • Japan has a large and stable economy with a high per capita income and a low fluctuating currency.
  • Japan is interested in innovation and technology, which are also key sectors for UP's development.
  • Japan has excellent human resources and high standards of life, which can attract talent and investment from other countries.
  • Japan has friendly relations with India based on mutual trust and cooperation.

Question:

Q.1 Which Japanese hospitality group has signed an MoU with the UP government to invest 7,200 crore in developing 30 new hotels across the state?
a. APA Group 
b. HMI Group 
c. Toyoko Inn Group 
d. Prince Hotels Group
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu