Companies to invest Rs.7,500 crore in UP in five years

Uttar Pradesh Chief Minister Akhilesh Yadav on Friday handed over "letters of comfort" to representatives of some companies which will invest Rs.7,500 crore in the state over the next five years and generate over 22,000 jobs.

The companies are Samsung India Electronics Private Ltd, Noida; Reliance Cement Company Pvt. Ltd., Rae Bareli, Aligarh and Rauja; Shri Cement Ltd., Bulandshahr; Indo-Gulf Fertilizer, Jagdishpur; Paswara Papers Ltd., Meerut; KK Milk Fresh India Ltd., Kanpur rural; and Gallant Ispat Ltd., Gorakhpur.

Principal Secretary of Industrial and Infrastructure Development Mahesh Gupta told IANS that the state government has given these mega units an incentive of Rs.5,000 crore.

Speaking at the programme, the chief minister said his government was working to improve basic infrastructure facilities in the state so that more and more investment can come to the state.

The chief minister said the success of 'Make in India' campaign was not possible without 'Make in UP' as the state was not only the most populated but also the biggest market in the country.

Referring to the Lucknow Metro Rail project, Yadav expressed hope that the central government would soon complete the necessary formalities for it and reiterated his government's commitment to complete it on scheduled timeline.

Speaking on the law and order situation, he announced that very soon 'Dial 100' would be started and the state would become the first one to have such a centralised facility.

After it gets operational, Yadav said police would reach the crime scene within 15-20 minutes.

Deputy managing director of Samsung India Electronics Hyun Bhu Bang praised the UP Industrial and Infrastructural Development Policy and went on to say that it was the best industrial policy in the country.