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To silence those questioning UP govt, a meet soon to fete ‘investors in 3 years’

The government is already preparing to organise a grand investor-cum-banker meet in Mumbai on September 10.

By: Express News Service | Lucknow |
Updated: September 2, 2015 12:07:36 am

TO COUNTER Opposition’s charges of the state not receiving much investment during his regime, Chief Minister Akhilesh Yadav on Tuesday announced that a special function will be held to felicitate all those entrepreneurs and industrialists who have invested in Uttar Pradesh in the last three years.

The government is already preparing to organise a grand investor-cum-banker meet in Mumbai on September 10. senior official said the date for the felicitation event was yet to be finalised.

Sources in the government said that apart from industrialists and bankers, the government is also planning to invite Bollywood actors and directors for the Mumbai meet, where it plans to showcase its policies for film promotion, including incentives given to the films being shot in UP.


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Meanwhile, the Cabinet on Tuesday cleared the Multiplex Promotion Policy-2015. Under this, the government — for the first year — will fully exempt multiplexes established in municipal corporation areas or in Noida and Greater Noida from entertainment tax.

In the second and third years, such multiplexes will be given grants equivalent to 75 per cent of their entertainment tax. In the fourth and fifth year, this grant will be 50 per cent. For multiplexes established other than these areas, while 100 per cent grant of entertainment tax will be given for the first three years, it will be 75 per cent for the fourth and fifth years.

Special rebates will also be given to those multiplexes, which have taken initial clearance to start construction work and have license to start showing movies by March, 2020. The new policy will be an extension of the existing policy, which had completed its term in March, 2015. Moreover, the government has decided to give additional time to such multiplexes, which had applied under the 2011 scheme but were either not able to complete construction work or take license for showing movies. Such multiplexes will be given additional time till March, 2016 to complete all formalities.

In an another significant decision, the cabinet also cleared the proposal to provide free ultrasound facility in government hospitals across UP. Speaking to mediapersons after the Cabinet meeting, Akhilesh said the government will also try to ensure that these facilities are provided round-the-clock to patients in hospitals.

Further, the Cabinet gave its nod to the revival and strengthening of Pradeshik Cooperative Dairy Federation (PCDF) and its products. The help of IIM will be taken for the revival of PCDF and its milk products sold under the brand name of Parag. The project includes upgrading 10 dairy plants into green field automatic plants, establishing a new plant in Azamgarh, first-of-its-kind cow milk plant in Kannauj, first cheese plant in Meerut, ice cream plant in Bareilly and flavoured milk plant in Lucknow.

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