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UP wooing industrialists
Apr '17
India’s most populous state, Uttar Pradesh, is introducing measures like single-window system for projects, uninterrupted power supply and security for industries to attract investments. The state is in the process of drafting a new industrial policy for which a group of ministers has already been constituted by state’s chief minister Yogi Adityanath.

The Group of Ministers is headed by deputy chief minister Dinesh Sharma, according to an agency report.

"The UP government is committed to take positive steps for industrialists and people. This will result in investments in the state and creation of jobs, which will eventually lead to development of the state," Sharma said at a meeting with representatives from various industrial units. Other members of the GoM who attended the meeting included Satish Mahana (industry minister), Rajesh Agarwal (finance minister), Shrikant Sharma (energy minister), Nand Gopal Gupta (stamp registration minister), the report said.

"We will provide a conducive environment," he said taking into account the concerns of industrialists. The government would tackle these issues, while framing the new policy, according to the report.

"The UP government will put in place the single-window system, which will help the industrialists to get all the permissions from a single point itself. This will create an atmosphere of trust among the industrialists," he said. "Similarly, all the grievances of the investors will be redressed in a time-bound manner and for this an online grievance redressal system is being ensured," he added.

Shrikant Sharma explained the discounts for industrialists under the open access power purchase which will allow users to buy cheaper power from the open market. The customers should be able to choose from a large number of competing power companies instead of being forced to buy electricity from an existing electric utility monopoly, he said.

It will help particularly sick textile, cement and steel industrial units by ensuring regular supply of electricity at competitive rates.

Asking industrialists to develop a positive state of mind for the state as the government was in the process of creating good environment, Mahana said, "If needed, the state government will also mull enacting a law for overall encouragement and protection of industrialists." (SV)

Fibre2Fashion News Desk – India

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