Akhilesh govt eyes NRIs from UP to develop ‘their home state’

Udyog Bandhu,a unit of state’s infrastructure and industrial development department,has been asked to compile a data base of such NRIs who are affluent and can invest in UP.

Written by Faisal Fareed | Lucknow | Published:November 19, 2013 7:25 am

Having not had much luck with foreign investors,the Akhilesh Yadav government will now approach the Non-Resident Indians (NRIs) of Uttar Pradesh origin asking them to invest for the development of their ‘home’ state.

Udyog Bandhu,a unit of state’s infrastructure and industrial development department,has been asked to compile a data base of such NRIs who are affluent and can invest in UP. It will soon hire a consultant for compiling the data base.

The directions to start the process came from chief secretary Jawed Usmani,who held a meeting of the infrastructure and industrial development department and the department of externally aided projects last week.

“The proposal to contact NRIs of UP origin has been cleared by Chief Minister Akhilesh Yadav. Udyog Bandhu has been given the responsibility for compiling the data base of such NRIs. We will approach them directly and invite them to visit UP,” confirmed Madhukar Jetley,who holds minister of state status and is advisor in department of externally aided project of state government. He said several NRIs have already shown their interest in investing in education sector.

The main aim of contacting such NRIs is to showcase a rosy picture of UP. The NRIs will be invited to visit UP and will be briefed about the investment opportunities. Major focus will be on NRIs based in USA,England and South Africa. Several foreign-based organisations of NRIs will also be contacted who have links with UP. “Many of them have already met us,but we will start the process in a formal manner soon. We are in touch with several organisations and hope to get encouraging response,” he added.

“Our main aim is to project UP as a destination for investment. Influential NRIs visiting UP will also result in projecting good impression of UP among the investors,” Jetley stated.

Officials in the industrial and infrastructure development department said that many NRIs,having their roots in UP,are willing to invest in the state if they are provided right atmosphere. “Such NRIs will be tapped and will be invited to meet the chief minister. Confidence is a major factor in attracting investment and it is one of the confidence building measures,” an official said.

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