UP firms up new industrial policy

Realising the fact that the existing Industrial Policy of the Uttar Pradesh government,which is to expire this year,has failed to motivate any industrialist in investing in the state,the Mayawati government is working on a new policy.

Written by Express News Service | Lucknow | Published:January 18, 2009 2:52 am

Realising the fact that the existing Industrial Policy of the Uttar Pradesh government,which is to expire this year,has failed to motivate any industrialist in investing in the state,the Mayawati government is working on a new policy.

“The effort is to make a policy which is practical and which will help build a conducive environment for investments”,said an official. Making a move in this direction,Udyog Bandhu – the nodal agency of the state government for facilitation of industrial and infrastructure development,organised a day-long seminar on ‘Public Private Dialogue for Improvement in Investment Climate’ at UP Academy of Administration & Management (UPAAM) here on Saturday.

The industrial associations have welcomed the public-private dialogue initiative of the government but appealed to the government not to frequently tinker with policies.

In his inaugural address,Industrial and Infrastructure Development Commissioner (IDC) VK Sharma stressed the need to include special measures and simplify the business environment in the state by improving interaction with the investors and facilitation thereof. “Infrastructure requires to be improved with proactive participation of the private sector,for which time-bound clearances are required. We will also focus on timely land arrangement for the industrial units,” Sharma said.

Representing Confederation of Indian Industries (CII),industrialist Kiron Chopra called for value addition to various products within the state to ensure real benefits. He also focused on immense potential of tourism industry in the State.

Regional head of Tata Consultancy Services (TCS) Jayant Krishna spoke of an urgent need to develop and promote the state in a way that it is perceived as “brand Uttar Pradesh”.

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