Akhilesh woos investors to UP

Uttar Pradesh chief minister Akhilesh Yadav on Monday said the government will create business-friendly environment in the state.

The priority of the government is to revamp the investment related policies across different sectors, said Akhilesh at the special plenary session on “Uttar Pradesh — Unlimited Potential” during the 19th Confederation of Indian Industry (CII) partnership summit.

It was jointly organised by CII, ministry of commerce and industry and the UP government in Agra.
“We have created high-powered committees to monitor execution of policies and take speedy executive decisions where bottlenecks exist,” said the CM.

He added that partnership with industry was critical for realisation of the government’s vision of prosperous agriculture and food processing sectors to create world-class infrastructure. 

The chief minister  also launched key policies on infrastructure and industrial investment policy. Also, food processing industry policy, sugar policy, IT vision, poultry policy and solar power policy to boost the industry and investments in the state.

Highways to be improved

Uttar Pradesh plans to invest Rs 23,000 crore for upgrading state highways and building a new expressway linking Lucknow and Agra, chief minister Akhilesh Yadav said on Monday.

The CM said the new expressway will connect all district headquarters with four-lane highways. It will cut down the journey time from Agra to Lucknow to three hours. The project will cost around Rs 9,500 crore.
It will be the second high-speed road in the state after the Yamuna expressway that connects Agra to Noida.
Yadav said the government aims to develop 16,000 MW of additional electricity generation capacity over the next five years.

“We plan to add more than 16,000 MW of generation capacity which will make uninterrupted power a reality,” he said.

Yadav also announced the development of two new airports near Agra and Kushinagar on public-private-partnership basis.

“Public-private partnerships will be a key plank for executing many of these large infrastructure projects, which will in turn make our industries more competitive.”