Ind players to participate in UP govt's Investors' Conclave

Top global and Indian investors from across several sectors will engage with Uttar Pradesh government tomorrow during the 'Investors' Conclave' scheduled to take place in the capital with an aim to attract private sector investments and create jobs in the state.
UP Chief Secretary Alok Ranjan today said that although the state is an agriculture-based economy as presently 68 per cent people are involved in it, employment generation through industry will help increase people's income level as well as quality of life.
He said top officials from around 150 industries are expected to participate tomorrow in which UP Chief Minister Akhilesh Yadav will be present.

Ambassadors of seven countries -- Canada, Germany, Italy, Taiwan, Chekoslovakia, Turkey and Netherlands -- have confirmed their participation and will bring along representatives of their country's industry as well, he said.
"The Investor conclave is expected to achieve several objectives for the state government and will be a means to reinforce UP's strength in terms of growing consuption power, skilled manpower, world class industrial infrastructure and responsive policy environment," Ranjan told reporters here.
He said that the government has made a new Industrial policy which we declared in January 2013 and also declared other specific policies like a seperate policy for food processing sector, sugar, poultry, IT and solar energy.

"So the UP government has made a policy framework and now we are going to the investors with that framework. This is the idea behind the conclave," he said.

"Already many companies are ready to sign MoU with UP. On a conservative basis, I can say that companies are ready to sign MoUs worth Rs 25,000 crore, he said.
He said that during the conclave, the government will bring in important information about their land bank in different areas so that interested investors can be informed about that while the government will also ensure 24X7 electricity supply to the investors.

UP has planned to organise a series of national as well as international investor conclave leading to Global Investor's Summit in 2015. The first such investor conclave will be tomorrow, officials said.