Govt ready to make changes in policies, rules for investment

| | Lucknow
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Govt ready to make changes in policies, rules for investment

Sunday, 24 May 2020 | PNS | Lucknow

Uttar Pradesh Chief Minister Yogi Adityanath has emphasised the need for suitable changes in policies and rules if the need arises for attracting investment in the state.
The chief minister has asked the Industries department to ensure allotment of land to the investors without any let or hindrance and to apprise them of the benefits of making investment in UP.
A presentation was made before the chief minister on Saturday on the proposed webinar to be organised by the ‘Investment India Exclusive Investment Forum’ on May 28.
The chief minister said the investors should be detailed about the available infrastructure like network of expressways, huge market in UP having a population of 23 crore and availability of skilled manpower and good air connectivity.  Yogi said the investors should also be apprised of the measures taken by the present government for creating investor-friendly environment in the state. He said the distinct improvement in the law and order was also a key component in attracting investment.
The chief minister said the state government was committed for the rapid industrial development of the state and was ready to provide all possible assistance to the investors. He said that investing in UP was going to be highly fruitful for any investor as the state provided a huge market.  
Principal Secretary (IT and Electronics) Alok Kumar said a presentation on electronic system design and manufacturing had already been submitted to the investment forum.
To woo global investors against the backdrop of top companies purportedly looking to exit China following COVID-19 pandemic, the UP government has already set up a dedicated panel to facilitate investment from the United States, South Korea and Japan. UP infrastructure and Industrial Development Commissioner (IIDC) Alok Tandon has constituted the panel, headed by Pradeshiya Industrial & Investment Corporation of UP (PICUP) Managing Director with NOIDA chief executive officer and two officials of state industry interface Udyog Bandhu as nominated members. The panel has been set up in view of COVID-19-induced global investor sentiment that is pointing to shifting of the base by various companies out of China to other countries, especially India.
“With competitive and progressive investment-oriented policies in place, UP is ready to welcome new foreign investment supported by labour reforms and sector-specific policy interventions,” he said.
The UP government has tasked eight departments to create 20 lakh jobs, especially for migrants who have returned. The state has set up an employment committee headed by Agriculture Production Commissioner Alok Sinha. The panel will examine the skill mapping data of migrants and suggest measures for salaried jobs and self-employment.
Various departments such as Panchayati Raj, Rural Development, Social Welfare, Skill Development Mission, Horticulture, Urban Development, Khadi Gramodyog and Infrastructure & Industry would be tapped for job creation. The government has so far collected data of 4, 34,311 migrants and 2,16,318 were found unskilled.
Construction labourers top the list of skilled labourers (54,130). The data suggests there would be a good percentage of those skilled in carpentry, garment tailoring and painters in the final list. There are 64 categories of skills in the format.
More than 15,000 self-help groups are busy making masks in different parts of the state as part of a joint effort with the Khadi and Rural Development departments. The government’s idea is to link such persons skilled in sewing trade/garment tailoring, with such self-help groups for immediate employment. The state has also facilitated Rs 2,000 crore loans through banks to 56,754 micro, small and medium enterprises (MSMEs) till now.

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