Single-window clearance for IT investors in UP
The Uttar Pradesh government said it has set up a single-window clearance system for entrepreneurs, corporate houses and other investors in order to attract investment in the IT sector.noida Updated: Aug 15, 2015 09:16 IST
The Uttar Pradesh government said it has set up a single-window clearance system for entrepreneurs, corporate houses and other investors in order to attract investment in the IT sector.
A single-window system means that entrepreneurs will get all kinds of clearances such as building layout approval, environment permission and building completion certificate at one platform.
The state government said it has set up this system to ensure that an IT player or entrepreneur can start manufacturing or other businesses at their units without wasting time getting permissions from various government departments.
UP chief secretary Alok Ranjan said that foreign entrepreneurs will be provided the best of facilities and assistance. After Prime Minister Narendra Modi’s launched the ‘Make in India’ campaign, many foreign entrepreneurs are heading to Greater Noida, officials said, adding that these investors want to set up electronics manufacturing units.
“We have experienced that the overall environment in Noida or Greater Noida is conducive to business. The UP government has a single window system to resolve entrepreneurs’ issues related to starting new businesses. We hope we will achieve our goals together. We decided to participate in the ‘Make in India’ initiative after the Indian PM’s speech, which motivated me,” said Francis Tsai, chairman, India committee, Taiwan Electrical and Electronics Manufacturers’ Association (TEEMA), which has 3,000 members. The body on Thursday signed a memorandum of understanding (MoU) with the UP government for investments worth Rs 5,000 crore.
Ranjan has assured Taiwanese entrepreneurs that they will be provided 24X7 uninterrupted power as there is a separate Noida Power Corporation Limited for this purpose.
The state has also decided to modify its UP IT Policy-2012 to make it more conducive to business. “We are in the process of reviewing our IT policy. Once it is done we will come up with the new one. We have drafted an electronics manufacturing cluster (EMC) policy that benefits entrepreneurs,” said GS Naveen Kumar, special secretary (IT and electronics) and special secretary to chief minister Akhilesh Yadav.
The government has also said that it will develop a total of 10 EMCs. One cluster is to be developed in Greater Noida and two along the Yamuna Expressway. The remaining clusters will be set up in eastern UP if entrepreneurs are interested, said Yasar Shah, the state’s energy minister.
According to a survey conducted by the Greater Noida authority, nearly 50,000 youth are trained to be skilled workers annually in Noida and Greater Noida. The twin cities have also emerged as educational hubs with 70 engineering and management colleges operating here.
“Entrepreneurs from China and other countries have also decided to invest in two cluster projects to be developed on 100 acres along the Yamuna Expressway. If all goes well, agreements of investment will be signed in the presence of the chief minister by the end of this month. These two clusters are expected to bring investment of nearly Rs 5,000 crore,” said Santosh Yadav, chief executive officer of the Yamuna Expressway Industrial Development Authority.
First Published: Aug 15, 2015 09:00 IST