ETGBS: Uttar Pradesh invites India inc to invest, flags impressive growth rate
NEW DELHI: “If you join hands with Uttar Pradesh, you will never be disappointed,” Mahesh Kumar Gupta, principal secretary, infrastructure and industrial development, of India’s most populous state told a packed audience of mostly corporate bigwigs at the Airtel-Economic Times Global Business Summit.
Taking the stage on day two of the summit, Gupta made a strong pitch for corporates to invest in UP, highlighting the state’s higher-than-national-average growth rate, big investments in infrastructure development, young population, and single-window clearance for industrial projects.
“Because without infrastructure you cannot attract any industrial house to the state, CM ( Akhilesh Yadav) has laid down budget of several thousand of crores to build this infrastructure,” he said, adding that a business-friendly atmosphere had been created and procedures simplified.
Gupta said UP is growing at a compounded annual growth rate ( CAGR) of 14.6% and is the second largest economy in the country.”56% of UP’s population is in the working age group. We have rising purchasing power, rising consumer spending — one in every two people in UP has a mobile phone. 14% of rural households have a two-wheeler against 6% of India,” he said.
He pointed out that UP has the largest rail network in the country, spanning over 8,763 km, and said the state is making big investments on metro connectivity in major cities and expressways.
“In Lucknow, we will have metro by the end of this year, by November 16. We are also proposing metro in Agra, Varanasi, Kanpur and Meerut,” Gupta said.
“The longest six-lane expressway in the country was built in 2012 — the Yamuna Expressway from Greater Noida to Agra. The Agra-Lucknow expressway is to be completed by end of 2016. Acquisition of land for this was the fastest for any such project in India and without any litigation. UP has most successful land acquisition model,” he said.
There are six airports in the state and two new ones are coming up in Agra and Kushinagar. Gupta further said UP would be power surplus by the end of the 12th five-year plan. “24X7 power to urban areas and 16 hours power to the rural areas daily is our aim,” he said.
He further impressed upon the audience that industrial land availability in the state was not confined to NOIDA. “Land is available in various parts of UP. Yamuna Expressway Authority has a big land bank on Yamuna expressway to Agra,” Gupta said. He also dwelt on benefits of the Eastern Dedicated Freight Corridor and industrial parts in UP.
He also informed the audience of UP’s single window portal on which online clearances are provided from departments as well as an online grievance redressal system, which makes processing status available to complainants as well as senior officials.
Gupta said UP was among the top five states in terms of national manufacturing output, as ranked by the World Bank and also among the top producers of wheat, vegetables, milk and sugarcane in the country.
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