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India Yogi government aims to attract Rs 5 lakh crore...

Yogi government aims to attract Rs 5 lakh crore investment

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Lucknow: With an aim to attract over Rs 5 lakh crore investment and create 20 lakh jobs in Uttar Pradesh by 2022, Yogi Adityanath government will promote “brand UP” in a big way by holding roadshows in other states and investors summit in the state capital.

“There is a possibility of investment of over Rs 5 lakh crore and creation of 20 lakh jobs in the state by 2022. We are going to hold roadshows in many states and holding two- days investors summit in the state on February 21-22,” Infrastructure and Industrial Development Commissioner Anoop Chandra Pandey said.

The roadshows will start from New Delhi on 8 December. It will also be held in Bangalore, Hyderabad, Ahmedabad, Mumbai and Kolkata to showcase UP’s potential and to attract investors.

Giving a positive message to investors, Chief Minister Yogi Adityanath himself is likely to lead a roadshow in Mumbai on 22 December, a senior official said.

For the investors summit, invites have been sent to over a dozen countries, including US, Korea and Japan and the state government is also gearing up for single-window clearance for industry from 1 January.

“Directives have been issued to prepare single-window clearance portal for industries by the end of this month,” the IIDC said.

The state has identified 11 focal areas, including food processing, manufacturing, tourism, IT manufacturing hubs, solar energy etc, which will be highlighted through the roadshows in different cities.

For these roadshows, 13 policies have been identified for being showcased, including the recent Industrial Development Policy that provides a number of facilities for entrepreneurs in the state.

“During the investors summit in February, in which over 5,000 delegates including central ministers, industrial houses, Ambassadors and High commissioners, bankers, the state aims to sign MoUs worth over Rs 50 thousand crores,” official sources said here.

For boosting investments and development opportunities in the state, Yogi Adityanath government had in July approved Industrial Investment and Employment Policy, 2017.

The new policy is aimed to “roll out a red carpet for the industries, instead of red-tapism” and facilitate the ease- of-doing-business, BJP spokesman Shalabh Mani Tripathi said.

The policy has redefined the mega projects and linked the investments with employment generation, besides establishing a new ‘Make in UP’ department to derive the maximum benefits of the Centre’s Make in India scheme, he said.

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