UP Invester’s Summit 2018: Thailand becomes seventh partner country

Thailand on Tuesday became the seventh partner country of the UP Investors’ Summit 2018.

“We are happy to announce that more and more countries are showing their keenness to join hands with us in this journey as the event draws near,” said Satish Mahana minister for industries.

Japan, The Netherlands, Mauritius, the Czech Republic, Slovakia and Finland have already given their consent to be partners for the summit. Tuesday was the last day for registrations. “We have received a total number of 6,757 registrations. A major chunk of these applications (4,786) were received online,” said a UP government official associated with the summit. The department received 272 new applications in the last couple of days. “A majority of the applications has been cleared, only 499 of them are pending approval,” he said.

With just about a week to go, the state government has embarked on a publicity blitzkrieg with hoardings, banners, arches and advertisements projecting UP as a state that packs tremendous potential and opportunities. Some of the top captains of Indian industry have already gone on record expressing their willingness to invest in infrastructure projects like expressways and metro rails. Japanese banks are eager to bankroll projects.

The GIS maps of vast parcels of industrial land along expressways and highways have been uploaded by at least six industrial development authorities to enable prospective investors to choose a location of their choice for setting up their unit. While Noida, Greater Noida, Gorakhpur Industrial Development Authority, Bhadohi and Yamuna Expressway Industrial Development Authority have uploaded details of vacant industrial pockets available, the Lucknow Industrial Development Authority is yet to comply. “We intend to provide around 25,000 acres of land over a dozen industrial hub/zones in the State,” said a UP State Industrial Development Corporation official.

The state government has already accelerated implementation of new policies in all key sectors, including industry, food processing and tourism. The government has identified land in each of 75 UP districts for setting up industrial units and allocating them to investors on demand.

The government has also identified eleven priority sectors for investments namely civil aviation, IT-enabled services, dairy, electronics manufacturing, tourism, MSME, infrastructure, renewable energy, films, handloom/textile, and agro/food processing.