 "Akhilesh Yadav")
Uttar Pradesh chief minister Akhilesh Yadav would lay out the red carpet to woo top investors and bankers in a conclave scheduled at the country’s financial capital of Mumbai tomorrow.
This is not the first time Yadav would be meeting prominent industrialists at an investors’ conclave hosted by the state government outside UP to seek investment.
To rival ‘Make in India’ theme of Prime Minister Narendra Modi, Yadav has been espousing ‘Make in UP’ saying ‘Make in India’ could only succeed taking along the constituent states, especially UP due to large geography and population.
UP, both under the previous Mayawati and the current dispensation, has been hosting such investors’ meets to attract investment and showcase ‘Brand UP’, which perceptibly is not yet fancied by industrialists due to lack of infrastructure like power and roads, law and order issue, lackadaisical attitude of government agencies etc.
Earlier, similarly glitzy events held in Mumbai, Agra and Lucknow have fetched no noteworthy investment to UP, although several memorandums of understanding (MoUs) were either signed or committed.
As 2017 UP polls get nearer, Yadav has accorded top priority to his flagship projects, including Lucknow Metro Rail and Agra-Lucknow Expressway. The Yadav government had also announced fresh policies in all the major sectors.
With the Mumbai conclave, Yadav is making another attempt to reach out to the investors and woo private sector to invest to boost economy and create job opportunities.
He would also urge the bankers to improve the Credit Deposit Ratio (CDR) in UP and ensure easy credit to industry.
The high profile event would witness some top Bollywood actors and directors share the dais with the CM, who has of late been zealously promoting UP as an ideal filmmaking destination. In the last few months, several prominent film personalities have met him in Lucknow and Yadav had obliged them by making their films tax free in the state.
Two film cities have been proposed in UP at Lucknow and Unnao at an investment of Rs 700 crore.
Meanwhile, the opposition Bharatiya Janata Party (BJP) has flayed the state government for the proposed Mumbai conclave saying what industry needed was the basic infrastructure facilities of road, law and order and power.
