Canada to help develop UP
CANADA HAS assured to facilitate collaboration between Canadian and Indian companies, so as to contribute to speedy development of Uttar Pradesh.india Updated: Sep 29, 2006 01:13 IST
CANADA HAS assured to facilitate collaboration between Canadian and Indian companies, so as to contribute to speedy development of Uttar Pradesh.
Canada High Commissioner David Malone, who is on a two-day visit to the State capital, said Canadian companies would be encouraged to tie up with Indian companies for investment in UP. Other members of the delegation are Adrian Norfolk, political and economic counsellor, and David Mckinnon, minister counselor (Commercial).
The Canadian delegation called on Chief Minister Mulayam Singh Yadav at his official residence. The High Commissioner said handicraft products of UP were very popular in foreign shores and he would make efforts to increase their exports. “I will interact with entrepreneurs, officials and industrial organisations and explore the possibilities of investment in UP,” he assured. Malone said the IT sector offered immense possibilities of investment and Canada would make all efforts to ensure participation in this regard for mutual benefit.
“Canada is also an agriculture- dominated country and the political systems of both are almost similar,” the High Commissioner observed. Malone said he had visited UP to collect information on different aspects of the State’s development.
Meanwhile, the CM said the cooperation of investors was the key to development. Yadav said there were immense possibilities of capital investment in UP and the government was giving due emphasis on increasing private sector participation. The former defence minister also suggested that Canada encourage entrepreneurs to invest in IT, power, agro-based sectors etc.
“The UP government is now playing the role of a facilitator, besides providing facilities to investors. UP is essentially an agriculture-dominated State and has immense potential in this field,” said the CM. UP Development Council (UPDC) Chairman Amar Singh informed that the state government had constituted the Lucknow Industrial Development Authority (LIDA) on the lines of NOIDA and Greater NOIDA, where all modern facilities would be available for industries.
Earlier, industrial development commissioner Atul Kumar Gupta apprised the Canadian High Commissioner of the scope of investment and expansion of industries and the opportunities the State offered in the areas of power, infrastructure and information technology. Representatives of prominent industrial houses were present on the occasion.
Making a presentation before the delegation, Narendra Bhooshan, executive director, Udyog Bandhu, spoke about the recent initiatives taken by the State Government and the achievements, emphasizing on the framework being created for development of the State.
Secretary, industrial development, Sudhir Garg provided the Canadian High Commissioner and his associates with a detailed account of the public-private partnership (PPP) in the State. The delegation members were impressed by the initiatives taken by the government for facilitating the role of the private sector in the development of the State. KC Girotra, vice-president, Tata Motors, while talking to the Canadian team, showed his immense interest in Canadian collaboration in the fields of automobile sector and bus-road transport system (BRTS).
SK Jain, senior president, Indo-Gulf Fertilisers of the Aditya Birla Group, said that the Birla Group already had a very good business relationship with Canada and they were looking forward to strengthening it further through collaboration in the field of CNG. SN Singh, executive director, Jubilant Organosys Ltd, said that his group would like to share know-how in fermentation technology. Ved Krishna, MD, Yash Papers Ltd, said his group would have an MoU with the British Columbian Institute in the field of education and also with suitable firms for importing the technology related to paper pulp industry. Shashi Cables Pvt Ltd’s MD VK Aggarwala said he would like to invite the Canadian investment in the field of power transformer conductors.
First Published: Sep 29, 2006 01:13 IST