LUCKNOW: UP government aggressively showcased its strengths and key policy initiatives to woo investors at the 4th Invest North Conclave organized by Confederation of Indian Industry (CII) in New Delhi. Investment projects worth Rs.600 crore in sectors like tourism, hospitality, skills, mining, IT & ITeS, electronics, manufacturing, textiles, logistics, fruit processing, auto components, renewable energy and warehousing facilities etc., were discussed and almost finalized. More than 500 potential investors and 80 delegates and diplomats from 33 countries attended the conclave.
“When we talk of industrial growth in the country, UP plays a crucial role. The procedural reforms supplemented by enabling policies, strengthening of ease of doing business instruments, thrust on infrastructure and various other investor friendly initiatives taken by the government has started fructifying and the results can be easily noticed on the ground”, said Mahesh Gupta, principal secretary infrastructure Mahesh Gupta at the conclave, adding that state has ambitious target for achieving self-reliance in demand and supply commitments of power by 2017.
Selva Kumari, joint MD, UP State Industrial Development Corporation Limited, said the government is making efforts to make UP the most preferred investment destination in the country. Industrialists shared their experience of establishing and running their businesses in UP. Sameer Gupta, chairperson, CII UP State Council and MD, Jakson Engineers Limited shared that the state has undergone significant transformation in last some years and at present stands posing tough competition to other Indian states in terms of attracting investments.
Courtesy: TOI