Industry upbeat, pledges support | lucknow | Hindustan Times
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Industry upbeat, pledges support

The script is ready. The cast is brilliant and talented. But the success of any blockbuster depends on its director. This is not about any celluloid fantasy. It is about taking Uttar Pradesh on the road to development by ushering in transformation not only in administrative mindset but also in policy and perception.

lucknow Updated: May 27, 2012 16:14 IST
Team HT

The script is ready. The cast is brilliant and talented. But the success of any blockbuster depends on its director. This is not about any celluloid fantasy. It is about taking Uttar Pradesh on the road to development by ushering in transformation not only in administrative mindset but also in policy and perception.

And captains of the industry were unanimous in their verdict on the quality of script (read State's Industrial policy) -- brilliant. While reposing faith in the ability and statesmanship of an energetic and young chief minister Akhilesh Yadav to deliver, they pledged their full support to make UP the most preferred destination for investors.

The short and snappy brainstorming session on Industrial Transformation of UP at the HT-HH Development Conclave threw up some innovative ideas, focussed on hitherto untapped growth potential in aviation and medium/small scale industries and laid out the development roadmap for the way forward.

The distinguished panel comprised Radico Khaitan chairman Dr Lalit Khaitan, aviation expert Faran Siddiqi of Cornell University, New York, Padma Shree Irshad Mirza and Samsung Industry VP corporate affairs Ambrish Bakaya. Former Confederation of Indian Industries chairman Kiron Chopra moderated the session.

Chopra began the discussion wondering why industrial growth in UP despite its wealth of natural resources, skilled manpower and potential has been in hibernation for so long.

"This initiative should serve as a wake-up call and act as a catalyst for development and growth," he further said.

Aviation expert Faran Siddiqui, who had come all the way from New York to participate in the event, outlined how the aerospace sector could attract big-ticket investment not only in India but in UP also, attracting a big pie from the sunshine sector.

"India needs 200-300 billion dollar investment and if we can bring just 5-10% of it to this state, it will be a big boost to its development. The sector has the potential of creating 60,000-odd direct jobs (it involves hiring of 25 different types of engineers) and 3-4 lakh indirect jobs. UP with its big man power can benefit tremendously if it grabs this opportunity and acts as a frontrunner in the aviation sector," he pointed out.

Doyen of the leather industry Padm Shri Irshad Mirza emphasised the need for educating the labour work force and spending money on social welfare.

"Power is a prime requirement, industrial infrastructure development is needed but training of employees is also equally important to bring about industrial transformation. Also UP is the only state imposing VAT on raw leather, why?" he asked.

Khaitan, also chairman of Assocham Northern Region, saw huge prospect in industrial development with steps taken by government to involve industry bodies in making the policies.

"Proactive steps are been taken to make UP an attractive investment destination in terms of quality infrastructure, skilled human resources, policy environment and good governance. We need to create satisfied industrialists who in turn will become best ambassadors to promote the state," he said.

Khaitan emphasised on subsidize interest rates on term loans to encourage establishment of small scale industrial units in rural areas.

Ambrish Bakaya, VP corporate affairs for mobile and IT division of Samsung India Electronics, talked about merging central government and state policies to get more benefits from them.

"UP can be hub of Center's Electronic Technology Park policy. Again, Technology Fund can get big time work for small and medium enterprises."

He talked about bringing new investments and focusing on giving benefit to existing industries.

"UP is on a cuss of change and logistics, skill manpower and infrastructure development can make a difference," he added.

The moderator Kiron Chopra highlighted on how clusters (Bhadoi, Unnao and Moradabad) were fragmented and heartbroken. The focus should be on education, tourism and healthcare.

"What state needs today is skill development, stable policy with implementation, clean governance, rationalised taxation and more teeth to Udyog Bandu," concluded Chopra.