Investors’ summit: UP seeks investment from Gujarat | lucknow | Hindustan Times
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Investors’ summit: UP seeks investment from Gujarat

The Uttar Pradesh government held its sixth and final roadshow in Ahmedabad in the run-up to the UP Investors’ Summit in February, seeking investments from Gujarat industrialists.

lucknow Updated: Jan 19, 2018 13:11 IST
HT Correspondent
Deputy chief minister Dinesh Sharma with industrialist Gautam Adani and other members of Team UP in Ahmedabad.
Deputy chief minister Dinesh Sharma with industrialist Gautam Adani and other members of Team UP in Ahmedabad.(HT)

The Uttar Pradesh government on Thursday held its sixth and final roadshow in Ahmedabad in the run-up to the UP Investors’ Summit in February, seeking investments from Gujarat industrialists.

Deputy chief minister Dinesh Sharma said they received encouraging response.

“We are looking at industries from Gujarat to invest in Uttar Pradesh. Textile and pharmaceuticals are two specific sectors from Gujarat apart from logistics, gems and jewellery,” Sharma who was part of the UP team told reporters after the meeting.

The roadshow series began with Delhi in the first week of December last year and after that was held in Bangluru, Hyderabad, Mumbai, and Kolkata. The state had held investors’ meet before, but this is the first time it held roadshows outside the state.

Stating that Gujarat and Uttar Pradesh shared a “close relationship”, Sharma said, “We have received encouraging response and will give a preference to Gujarat industry for investment in the state.”

According to him, the investors’ summit is being held with a focus on developing the underdeveloped areas.

“Uttar Pradesh has undertaken a number of reforms and policy changes to spur growth,” said Sharma, who was there with the state industries minister Satish Mahana and others.

“We have discussed point-to-point problems coming in the way of rapid growth and will come up with policies in different departments to bring in transparency and create a conducive environment. We have also adopted a zero tolerance policy towards corruption and law and order issues,” Sharma said.

Mahana said law and order situation and power supply scenario in Uttar Pradesh has improved and the state intends to provide 24x7 power supply.

UP industries commissioner Anup Pandey said the state had completed acquiring land for various development projects and for industry zones. “The state has 143 existing industrial areas. Vacant land parcels have been acquired for the development of industry,” he said.

UP is eyeing investment opportunities in sectors such as agro and food processing, textiles, tourism, dairy, electronic manufacturing, movies, renewable energy, civil aviation, among others.

(With inputs from PTI)