UP to set up investment commission

Uttar Pradesh was planning to set up an investment commission to bring all government departments under one umbrella.

Uttar Pradesh was planning to set up an investment commission headed by Chief Minister Mulayam Singh Yadav to bring all government departments under one umbrella to provide a single window clearance for investors.

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The state government had also proposed forming the Lucknow Industrial Development Authority to develop the area between Lucknow and Kanpur, state development council chairman Amar Singh said at the session on UP at the third Pravasi Bharatiya Divas in Mumbai.

With companies like Wipro setting up shop, the state was making strides in IT sector, he said adding IT policy has been drafted by Infosys CEO Nandan Nilekani and IIT Kanpur Director Sanjay Dhande to provide boost to the sector.

In his address, Chief Minister Mulayam Singh said the Union Planning Commission had lauded policies of UP government and allocated Rs 13,500 crore as against Rs 11,000 crore demanded by the state.

He said the state would make all endeavour to achieve the vision 2020 of President APJ Abdul Kalam.