UP Investors Summit paves way for Rs 4.28 lakh crore of investment

The Government of Uttar Pradesh organised Uttar Pradesh Investors Summit on 21-22 February which was inaugurated by Prime Minister Narendra Modi. The summit witnessed the announcement of more than Rs 4.28 lakh crore investment from various business tycoons and the State Government also signed important Memoranda of Understanding in various segments, writes Arpit Gupta of Elets News Network (ENN).

Tourism

47 Memoranda of Understanding (MoUs) signed for tourism Addressing a session on ‘Tourism- Leveraging Cultural Heritage and Modern & Progressive Uttar Pradesh’ during the Investors Summit, the Deputy Chief Minister, Dr Dinesh Sharma, said that the cultural, historical and religious heritage of Uttar Pradesh can be developed from tourism point of view on Public Private Partnership model through investors.

He invited investors to come to UP and prepare package tours to attract tourists to the State. He said that the investors will be provided the facility of single window clearance. The other Deputy Chief Minister, Keshav Prasad Maurya called upon the investors to invest in the State, assuring them all facilities and security. Addressing the session, the UP Tourism Minister, Rita Bahuguna Joshi, said the State Government is making vigorous efforts for development of tourism and making the State the most preferred destination for domestic and international tourists. She said that the of  branding of Uttar Pradesh is being done at global level. She invited the investors to invest in religious and spiritual, Bundelkhand, wildlife and eco-tourism sectors.

Pharmaceutical and Biotechnology
MoUs of Rs 6,970 crore signed in Healthcare and Pharmaceutical Sector The UP Government has taken an effective initiative in the healthcare and pharmaceutical sector for its development and also for the creation of employment. For this purpose, the MoUs have been signed by 34 investors making a pledge of investment of Rs 6,970 crore. On this occasion Union Minister of State for Health and Family Welfare Anupriya Patel has stated that with the help of these steps there would be a wave of development which, inturn, would help the country make strides. Addressing the ‘Special Plenary on Pharmaceutical and Biotechnology: Strengthening the Ecosystem in UP, the Union Minister Patel, said that the present State Government is serious about development of pharmaceutical and biotechnology sector. She said that the summit will pave the way for development in the State. Development of UP will speed up development of the country, she added.

IT & Electronics

25 MoUs amounting to total investment of Rs 55,000 crore signed under IT sector In the presence of the Union Communication Minister, Manoj Sinha, and the Deputy Chief Minister and IT & Electronics, Dr Dinesh Sharma, as many as 25 MoUs have been signed in the UP Investors Summit between the Uttar Pradesh Government and various electronic units. On this occasion, Deputy Chief Minister, Dr Dinesh Sharma, put forth his views on “The Rising of Electronic Sector in Uttar Pradesh: Creating hub to serve the world” and said that the Uttar Pradesh Government, along with making efforts for the industrial development in the State is also making efforts regularly for social and economic development of the people and has made several efforts for providing clean environment to investors and entrepreneurs in the State and ensuring procedural transparency.

Decision has been taken by the “Steering Committee for Clusters” for obtaining final approval from the Government of India for setting up electronics manufacturing cluster in Ecotec-6 of Greater Noida. In this cluster, companies from China and Taiwan will be setting up their production units by investing about Rs 3,000 crore. The construction work of cluster is proposed to start from March 2018.

He said that employment generation for about three lakh people in the State will be ensured by 2022.

22 MoUs of Rs 21,000 Crore signed in Electronic Sector

As many as 22 MoUs worth Rs 21,000 crore were signed for electronics sector in presence of the Union Minister for IT & Electronics, Ravi Shankar Prasad, and the UP Deputy Chief Minister and Minister for IT and Electronics, Dr Dinesh Sharma during the Investors’ Summit. On the occasion, Ravi Shankar Prasad and Dr Dinesh Sharma also launched ‘’e-Sathi Mobile App’’. The app, developed by UP unit of NIC, will provide about 20 services. Addressing a session on ‘’IT & ITeS: Serving the World’’, the Minister said that the positive ambience for investment created by the UP Government would prove to be a milestone in future. India can be transformed into the most developed country only by harnessing the power of technology.

Start-up

Speaking on the topic of ‘’UP Gearing up for Start-up Revolution: the Next Big Opportunity’’ organised during the Investors’ Summit, the UP Minister of State for Information Technology, Mohsin Raza, said that the youth would take the country forward on the path of development. He said that technology and start-up played a very vital role in development. India is promoting setting up of BPO units under the BPO promotion scheme.

Raza said the State Government has generated an amicable atmosphere for growth of IT industry and start-ups by providing attractive financial and non-financial incentives for this purpose. The response that the summit has received shows that present State Government is very serious about development of the State and leaving no stone unturned in its efforts to make Uttar Pradesh the most preferred destination for entrepreneurs and investors.

Civil aviation

Addressing the session on “Civil aviation in UP” at Investors Summit-2018, the Central Minister for Civil Aviation, Ashok Gajpati Raju, stated that India has reached at third place after US and China in the civil aviation sector in the world. The Central Government is facilitating the investors on a large scale. The State Minister for Civil Aviation, Nand Gopal Nandi stated, that there are airports out of 25 selected in RCS second cycle by Government of India, in Uttar Pradesh. This will be of immense help in the next Kumbh Mela in Allahabad. He further stated that the UP Government is committed to the development of facilities of maintenance, repair and overhauling in this sector and would provide cheap and competitive services to the common man.

MSME

To benefit the people sitting on the last rung of social ladder, banking facility would be brought within their reach by opening 25,000 outlets all over the State. Intention and thinking of the UP Government is crystal clear with regard to these sections of society. It is committed to bring the people of economically weaker sections to the mainstream of society. UP Finance Minister, Rajesh Agrawal, stated in a session organised during Investors’ Summit. He said that to ameliorate the lot of farmers several welfare measures have been taken. Prominent among these measures is crop loan redemption of small and marginal farmers. He said that for all industrial and economic activities, especially in MSME sector, the bankers are a prerequisite. He said that the state government has launched novel One District, One Product scheme. The bankers’ cooperation would be a must for proper implementation of this scheme.

NRI

The Minister of State for External affairs, Gen (Retd.) V K Singh has said that non-resident Indians, especially from Uttar Pradesh, have a golden opportunity to establish business in the State. “The Government of Uttar Pradesh is offering all necessary facilities for investment and it is a safe step to create business relationship with the native state,” he suggested NRIs. Addressing NRI session at UP Investors’ Summit Gen Singh said that those willing to earn money from foreign countries must get skilled for their safe stay abroad. Gen V K Singh launched a website upnrigrs.in for solution to problems being faced by NRIs in doing business and their protection. Besides, NRIs also had a panel discussion on the topic of ‘Ummeedon Ka Pradesh Uttar Pradesh’ (the state of hopes-Uttar Pradesh). Skill Development The Minister for Skill Development and Professional Studies Chetan Chauhan stated that the government is bent upon creating an army of skilled professionals out of 13 crore youths of the State. He further added that his Government is committed to the slogan from “Hardware to Software-UP’s youth everywhere”. Addressing the representatives of various companies, he stressed the need of creating a “Hub of skilled Human Resources” in the State. He made the announcement of connecting every intermediate and higher schools falling under 15 km area of the nearest skill development centre, under “easy enabling and skilled youth” concept. He informed that various agreements had been signed with 19 companies like CCD, Maruti, L&T etc, to train the students under MoUs and they are trying to add 50 more companies in this plan.

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