Akhilesh seeks industry support for UP
Uttar Pradesh Chief Minister Akhilesh Yadav on Monday sought industry support for his state's inclusive growth.
"The priority of the state government is to revamp the investment related policies across sectors and create an enabling and business friendly environment," said Yadav at the Special Plenary Session on "Uttar Pradesh - Unlimited Potential" during the 19th CII Partnership Summit, jointly organized by Confederation of Indian Industry (CII), Ministry of Commerce and Industry and Government of Uttar Pradesh, here.
"We have created High powered committees to monitor execution of policies and take speedy executive decisions, where bottlenecks exist," he said.
The Chief Minister further shared that partnership with the industry is critical for realization of the government's vision of prosperous agriculture sector, food processing sector, MSME sector, to create world class infrastructure and strengthen the IT and ITeS sector.
Uttar Pradesh has the highest young population and to leverage this demographic dividend, state government has accorded top priority to Skill Development, informed Yadav.
A scheme has been initiated to distribute 26 lakh Tablet PCs and 15 lakh Laptops to students passing High School and Intermediate examinations respectively, he added.
Yadav also launched key policies on Infrastructure and Industrial Investment Policy, Food Processing Industry Policy, Sugar Policy, IT Vision, Poultry Policy and Solar Power Policy to boost the industry and investments in the state, at the CII Partnership Summit, here on Monday.
"Government of Uttar Pradesh realizes the need for an enabling policy framework and the state govt is taking necessary steps in this regard," said UP Chief Secretary Jawed Usmani.
"CII has been engaging with the UP Government at the highest levels and in this regard, we have formed working groups with State Government on Power and Renewable Energy, Skill Development, Branding Uttar Pradesh and MSME, Agriculture and Food Processing, Industrial Policy, Infrastructure, Healthcare and Information Technology," said Chandrajit Banerjee, Director General, CII.
The experience on working with Government of Uttar Pradesh has been very enriching, he added.
In his closing remarks, Ajay S Shriram, Vice President, CII and Chairman and Sr Managing Director, DCM Shriram Consolidated Ltd, said: "CII would be happy to work with the Government of Uttar Pradesh in more areas including that of the agriculture".
"Execution of the policies will be key to the development of the state," he added.
Jaiprakash Gaur, Founder Chairman, Jaiprakash Associates Ltd, said that the state of Uttar Pradesh with its strong agricultural base, fertile land, plenty of water, minerals has immense potential for growth.
The state will regain its pre-eminent position in industrial development under the dynamic leadership of the Chief Minister, he added.
"Americans are coming to UP," said Ron Somers, President, United States - India Business Council (USIBC).
"American firms are keenly interested in investing in UP's agri processing sector and Power sector, considering the potential and opportunities. With the capex of 16,000 MW proposed in new power projects, there is an opportunity of USD 16 billion for potential investors.
"A senior business delegation from USA would visit UP in March 2013 to further concretise partnerhsips, he further added. There is a USD 10 Billion opportunity in the defence sector through Defence Offset policy of Indian Government. UP can benefit hugely from this offset policy, if leveraged properly," he said.
C S Nopany, Chairman and Managing Director, K K Birla Group of Sugar Companies said that event such as Partnership Summit will help the state in improving its perception among the investors and promote investment in the state.
The new Sugar Policy will help the state in leveraging its true potential in the area of Sugar, he said.
Vineet Mittal, Promoter and Managing Director, Welspun Energy Ltd, said his company is investing in the area of clean and renewable energy in Uttar Pradesh.
With the competent Ministers and Officers at the helm, it's opportune time to invest in the state, said K K Modi, Chairman, Modi Enterprises.