Industrial investment of UP grows, clocks Rs 10,800 cr in FY12

Industrial investment has grown in Uttar Pradesh in the current financial year clocking Rs 10,818 crore during April-October period.

This has already bettered a total investment of Rs 10,446 crore registered in 2010-11.

The investment figures for 2006-07, 2007-08, 2008-09 and 2009-10 are Rs 4,600 crore, Rs 4,900 crore, Rs 5,200 crore and Rs 12,000 crore respectively.

The Mayawati government came to power in May 2007 and since then industrial investment has been on the rise barring 2010-11, when it dipped compared to previous year. This indicates there was no effect on total investment in industrial units during the time of recession too.

About 125,000 small industrial units were established in the last three years. This year, the government is targeting setting up of 33,000 new small industrial units.

Besides, the state government is eyeing investment through public private partnership (PPP) mode to the tune of almost Rs 2,00,000 crore in sectors such as infrastructure, tourism, transport, power, health, education, urban development etc.

Meanwhile, chief minister Mayawati on Wednesday visited UP Pavilion at the India International Trade Fair in Pragati Maidan, New Delhi. The theme of this year’s fair is ‘Indian Handicrafts: The Magic of Gifted Hands’.

The exhibits from UP include carpets, mini tractors, cranes, transformers, brassware, leather, perfume, sports goods, marble artifacts, zari work, wood art, chikan, glassware and readymade garments. These area-specific industries/crafts pertain to Agra, Lucknow, Bhadohi, Kanpur, Meerut, Saharanpur, Bijnore, Ferozabad, Moradabad, Kannauj, Ghaziabad etc.

UP has a large base of Micro, Small and Medium Enterprises (MSME) estimated at three million, including both registered and unregistered. Proprietorship accounts for over 95 per cent of the MSME ownership pattern in the state. The entrepreneurs participating in the fair have been extended financial aid worth Rs 25 lakh.

UP is home to 250,000 weavers and 80,000 looms and about 21,580 weavers were given employment last year.

About 17,000 weavers have benefited in 50 clusters for baseline survey, raw material supply, design and infrastructure development, publicity and marketing, project management expenses and skill up-gradation.