‘UP Investors’ Summit 2018’: Yogi rolls out red carpet for investors

‘UP Investors’ Summit 2018’: Yogi rolls out red carpet for investors
‘UP Investors’ Summit 2018’: Yogi rolls out red carpet for investors
By Sanjay Bhatnagar
By Sanjay Bhatnagar

Lucknow: In a definite departure from earlier investors meets, taken place during past regimes in Uttar Pradesh, which were high in rhetoric but low in content, the proposed ‘UP Investors’ Summit 2018’ has all ingredients of being different this time.

The mega event being undertaken by Uttar Pradesh Industrial Development department in a concerted effort of various departments has been planned in such a way that the policies of different sectors will be in place before the meet itself. “We are in the process of formalizing separate policies to integrate it in order to attract industrial investments in a big way,” the Industrial Investment Development Commissioner Anup Chandra Pandey told newstrack.com.

It would be the first time that the Yogi government decided to elicit aspirations of the business community desirous of making investment in the state, he said adding for the first time the sectors like defence production were aimed for the potential investment.

The state government has planned six road show in the series the first on Friday in New Delhi followed by other five in Bangalore, Hyderabad, Ahmedabad, Mumbai  and Kolkata as a precursor to the UP Investors’ Summit 2018.

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A high level delegation led by Industrial development Minister Satish Mahana and comprised of senior government officials like Anup Chandra Pandey, Alok Sinha, Principal Secretary, Infrastructure & Industrial Development Department, Sanjiv Saran, Additional Chief Secretary, IT & Electronics Department,  Sudhir Garg, Principal Secretary, Agriculture Department, Amit Mohan Prasad, Principal Secretary, Agriculture Department and Alok Kumar, Principal Secretary, Energy Department etc. will be participating at the event.

The roadshow will focus on promoting the state as a preferred investment destination and highlighting the investment opportunities in Uttar Pradesh. The roadshow will be followed by B2G meetings in which the Government will individually address investor concerns and queries as well as how the state can be a part of their future investment/ expansion plans.

Top industrialists like Pankaj Patel, CMD, Cadila Healthcare, US Bhartia, CMD, India Glycols, Sameer Gupta, MD, Jakson Ltd, Jagdish Khattar, Founder, Carnation Auto, Ramesh Suri, Co-founder, Subros, Dr. Naresh Trehan, Executive Director, Medanta etc. are expected to be present at the roadshow.

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The GoUP will also meet ambassadors and senior embassy representatives of various countries like Netherlands, USA, Nepal, Mauritius, Canada, Zambia, Spain, Czech Republic, Fiji, Bhutan etc. during the roadshow to discuss possibilities of FDI and other areas of collaboration with these countries.

Earlier, former Chief Ministers Mayawati and Akhilesh Yadav also held such meets but with little success. “The invitation to investors did not meet the logical substantiation of policies which proved to be deterrent but this time such issues will be addressed in advance,’’ a senior official claimed.