Uttar pradesh gears up to welcome investors
The Uttar Pradesh Government is all set to give a red carpet welcome to domestic and foreign investors through a series of road shows accross the country.
The Delhi Road Show, held at Hotel Taj Mansingh, New Delhi on December 8, 2017 as a “Curtain Raiser” to UP Investors' Summit 2018 was a big success in terms of the quality turnout who attended the event. The audience comprised of well known industrialist and diplomats like H. E. Ambassador of Netherlands, Shri Alphonsus Stoelinga, Shri R C Bhargava, Chairman Maruti Suzuki India Ltd., Shri Kanwaljeet Jawa, MD, Daikin Air Conditioning India Ltd., Shri Sameer Gupta, Chairman, Jackson Engineers Ltd., Shri Patrick Antoni, Deputy Country manager, IKEA Group, Shri Rajneesh Kumar, Senior Vice President, Walmart India, Shri Ronal Cai from CFLD etc. Several B2G meetings were also organized along the side lines of the event, where future investments were discussed and modalities were worked out.
“The Uttar Pradesh government is developing a single window system where investors can get the approvals and clearances online. This is part of the government's commitment to provide all kinds of basic infrastructure facilities to investors to set up their units in the state.”
This was stated by Satish Mahana, UP's Industrial Development Minister, this week, at the first road show as part of the ‘UP Investor Summit, 2018', to be held in the national capital on 21 and 22 February. He said the government aims at attracting an investment of Rs 500,000 crore in the next five years, which will create as many as 20 lakh jobs.
After Delhi, more such road shows will be organized in Bengaluru, Ahmedabad, Hyderabad, Kolkata and Mumbai, in order to make the Summit a grand success. Chief Minister Yogi Adityanath is likely to take part in the Mumbai road show where he is expected to invite top business houses and film makers to invest in UP.
Addressing the industrialists at the road show, Mahana said the state government, led by Yogi Adityanath, has taken several initiatives to create a conducive atmosphere for investment in the state. A new industrial policy has been drafted after consultations from the industrialists, which will be beneficial for the investors, said the Minister and added that it (the policy) has been appreciated by several countries. He said the state is ready for more and more investement.
Mahana assured the investors that, under the new industrial policy, they will be provided land, technological support, and several other facilities. He said the state has immense potential for development and investment. The Minister assured the investors that they will be provided all possible support, including security, for smooth operation of their units.
He said Delhi-Mumbai Industrial Corridor, Eastern Dedicated freight Corridor, Agra-Lucknow Expressway, Poorvanchal Expressway, which will pass through UP, will provide faster communication.
The road show was a curtain raiser for the mega Summit. On this occasion, the UP government showcased its new industrial policy besides presenting opportunities of investment in UP including in the three areas of Gautam Budh Nagar (Noida), Greater Noida and Yamuna Expressway areas. The curtain raiser to the Summit was aptly articulated by Mahana as a taste of things coming up in Uttar Pradesh.
The event was attended by senior bureaucrats including Anup Chandra Pandey, Infrastructure and Development Commissioner; Alok Sinha, Principal Secretary, Infrastructure and Industrial Development; Debashish Panda, CEO, Greater Noida; Alaknanda Dayal, Secretary, Infrastructure and Industrial Development Department and Ranvir Prasad, MD, UPSIDC among others.
At the road show, the officials rolled out the red carpet for the who's who of industry fraternity. The meet was attended by over 350 decision makers including Ambassador of Netherlands, Alphonsus Stoelinga and industrialists. This is to be noted that Netherland will be the country partner of the Summit. Several B2G meetings were also organised along the side lines of the event, where future investments and modalities were discussed. The logo and the website of UP Investors' Summit 2018 was launched during the event and was followed by a presentation on the investment potential and opportunities in UP by Alok Sinha.