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Adityanath govt looking to attract Rs 5-lakh cr investment in UP by 2020

State plans to hold roadshows in six cities, including Delhi and Mumbai, to promote 'Brand UP'

Press Trust of India  |  Lucknow 

Yogi Adityanath
Uttar Pradesh CM Yogi Adityanath.

With an aim to attract over Rs 5 lakh crore investment and create 20 lakh jobs in 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 the two-day investors' summit in the state on February 21-22," Infrastructure and Industrial Development Commissioner Anoop Chandra Pandey said.

The roadshows will start from on December 8. It will also be held in Bengaluru, Hyderabad, Ahmedabad, and 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 on December 22, 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 the industry from January 1.

"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 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 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.

Over two dozen US companies have evinced keen interest to invest in the state in October.

A 50-member delegation, representing 26 major US firms, had a detailed interaction with the state government for exploring investment opportunities in UP.

With the tagline "US in UP" on the lines of 'Vibrant Gujarat', the state government had invited US firms.

The delegation, headed by Boeing, had visited the state under the aegis of US-India Strategic Partnership Forum (USISPF), which is committed to create a strategic partnership between the US and India and promote bilateral trade.

Officials from the US Embassy and US Trade and Development Agency (USTDA) were the part of the delegation that included representatives from Facebook, Adobe, Coca-Cola, Mastercard, Monsanto, Uber, Honeywell, P&G, and GE Health, Pratt & Whitney, Merck, Medtronic, Azure Power and Cargill.

First Published: Sun, December 03 2017. 17:46 IST
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