Commitments made to investors in previous regime will be honoured: Mahana

Stating that investments made in a state belong to government and not to any political party, Uttar Pradesh Industries Minister Satish Mahana today said the BJP government will honour the commitments made to investors in the previous regime.

"The investments made (in a state) belong to government and not to any political party. Government is a continuous process," he said.

So, the investors who were committed of incentives in the earlier regime, and if they fulfil the criteria, will see the commitments getting honoured, Mahana told PTI here today.

In other words, there is no politics when it comes to development, he said.

The minister also exuded confidence that in two years time, total investments in the state will exceed the investments made in last 15 years.

"Our aim is to bring more investment in two years of our government in the state (March 2019) on ground than what had come to UP in the last 15 years," he said.

Investments worth Rs 60,000 crore will begin soon with participation from sectors including housing, power, IT, sugarcane, horticulture, electronics, textiles and animal husbandry.

This investment is likely to generate around 2 lakh jobs.

Referring to investments made by global giant Samsung, he said in this case over Rs 1,900 crore worth MoU was signed during the previous regime, but they were facing some problems and finding it difficult to operate.

"We resolved their problems, and expansion plan came up in our regime," Mahana said.

Industrialists now feel assured on the law and order front in the state, which he claims is attracting more investors now.

Sharing an experience, Mahana said an industrialist from Gujarat told him that earlier he used to refrain from coming to UP on the advice of his family members, but things changed after the Yogi government took the reins in 2017.

"We are trying to rectify the system, and the investments which are coming are an indicator that situation is improving in UP," he said.