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HindustanTimes Thu,02 Oct 2014

UP received investments worth Rs. 9,608 crore in 2012-13

IANS  Lucknow, October 26, 2013
First Published: 10:59 IST(26/10/2013) | Last Updated: 11:03 IST(26/10/2013)

Uttar Pradesh attracted Rs. 9,608 crore as investment in its industrial sector in the past financial year 2012-13, officials said Saturday.

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Alok Ranjan, the infrastructure and industrial development commissioner (IIDC), attributed the inflow of investment to the state's Infrastructure and Industrial Investment Policy 2012 and the "proactive approach of the state government".

He said: "UP was ushering in the much desired transformation in industrial scenario."

He pointed out that from April 2012 to August 2013, Uttar Pradesh received over 200 investment proposals in industrial sector, out of which 35 projects with investment of Rs.1,519 crore were implemented, while 21 industrial projects worth investment of Rs.8,089 crore are under the process of implementation.

Ranjan added that "Industrial growth was imperative for inclusive socio-economic development of the state and hence the UP government was taking many steps to create industry-friendly environment along with simplification of investment procedures".

Directing officials to nominate anodal officers' to hand-hold the investors and entrepreneurs, the IIDC said the state's administrative machinery would aid business  entrepreneurs in all possible manner in establishing their industrial units.

Prominent among the industrial projects which have already been set up over the last year include Moser Baer in Noida, Wave Industries in Saharanpur, Supertech Precast Technologies in Greater Noida, Godfry Philips in Ghaziabad and Vrindavan Agro in Mathura.


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