UP keeps focus of NRIs intact

VISHAL SHARMA
AGRA, 18 JAN. The "Pravasi Bhartiya Divas" may have passed, but the UP government's offer of "greener pastures back home", extended to the Non - Resident Indians (NRIs), still stands.
Proudly flaunting the elite of Indian corporate world it has roped in the UP Development Council as the only example of Public-Private Partnership in the country, the UP government has assured the Non-Resident Indians (NRIs) that they could confidently invest in Uttar Pradesh as it has developed one of the most investor-friendly policy frameworks in the country.
Contrary to the times when only a select few southern states in the country had monopoly over the Information Technology boom, the current data indicates that the IT revolution is slowly inching home towards UP. With the setting up of special NRI friendly economic-zones in the state metros like Kanpur, Ghaziabad, Noida & Agra, the state is surging ahead towards becoming an NRI-heaven, providing a congenial and conducive environment for industrial growth.
This indication was given by the Uttar Pradesh Development Council Chairman Amar Singh while talking to UNN in Agra recently. He said that the growing sense of security among the investors under the present UP government can be assessed from the fact that in the past couple of years, the UP government has received strong investment committments from Indian corporate big-shots like Tata, Reliance, Wipro & Bajaj and the state would surely become the "most favored destination" of foreign investors in the year 2005.
He said that Uttar Pradesh is the only state in the country to have formed a special council to handle the foreign investments, which is directly answerable to the Chief Minister, obliterating the unnecessary bureaucratic hassles faced by the investors and providing complete investment security. He said that through the UP Development Council, the NRIs have been provided with a one-stop window for sanction and approvals of their projects to be set up in the "Techno-zones" of Ghaziabad, Noida, Kanpur and Agra, which is going to be an encouraging factor for the foreign investors desiring to invest in UP.
Already, he said, the response received by the government in the two day NRI seminar called by the UP Chief Minister in Delhi has been vastly encouraging and foreign investors are flocking in with their proposals to setup their projects in Uttar Pradesh.
(UNITED NEWS NETWORK)

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