Insta
Uttar Pradesh CM Yogi Adityanath. (Subhankar Chakraborty/Hindustan Times via Getty Images)
With constant intervention by the Yogi Adityanath government, the various industrial projects which were earlier believed to have been dropped by the investors in Uttar Pradesh, are now back on track.
According to Alok Kumar, Additional Chief Secretary, Industrial Development Department, investors are gaining the much-needed confidence by interacting directly with the senior officers from government.
"More than 12 per cent MoUs have initiated commercial operations in addition to over 20 per cent of investment intents which are in various phases of active implementation," he said.
Kumar said that the mechanism of appointing dedicated nodal officers for each MoU as the contact point for the investor, had boosted investor confidence and resulted in positive feedback, which has been instrumental for the state in achieving the second rank in the Business Reform Action Plan ranking.
It may be recalled that the state government, in June this year, had introduced the concept of appointing nodal officers for handholding investors.
An MoU Tracking Portal has been developed and regular updates on MoUs are provided by nodal officers and issues that investors are facing are also getting resolved.
The Industrial Development Department has appointed 23 nodal officers for 150 investment proposals.
Kumar said that out of 150 MoUs mapped to Industrial Development department, 18 MoUs worth Rs 4,095.96 crore have commenced commercial operations and another 31 MoUs worth Rs 12,858.34 crore have initiated project implementation.
Four new units have started commercial operations and 19 new units, in which investment of around Rs 4,500 crore is intended, have initiated their project on ground from these MoUs.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest