Indian state attracts investors for projects

dubai — India’s most populous state Uttar Pradesh, which is on a fast industrialisation mode, is seeking foreign investment to boost its power infrastructure.

Satish Mahana, the state’s minister for industries, said his state is reaching out to foreign investors on a regular basis and providing them all necessary facilitation.

The minister said the state recently organised an ‘Investor Summit’ that has received many investment proposals. The state government has also organised various roadshows to drum up investments into industries.

“We have launched an ‘Industrial Investment and Employment Generation policy’ and other policies with attractive fiscal and nonfiscal incentives. To complement this, the state has launched one of the best single-window mechanisms in the world to provide clearance to all investors without any hassle,” said Mahana, who is taking part in the 8th Annual Investment Meeting in Dubai.

He said Uttar Pradesh is expanding

We have launched one of the best single window mechanisms in the world Satish Mahana, minister for industries, Uttar Pradesh

several renewable energy projects that have the potential to generate 2,800MW solar power to speed up the ongoing industrialisation drive.

The state is offering global investors multiple opportunities. The infrastructure sector in UP is thriving. “We have opportunities across the region and sub-sector in infrastructure as demand for products and service is increasing across the globe.”

— issacjohn@khaleejtimes.com