IndiaCore logo IndiaCore
India Core AD


heading-event-review

Featured Reports & Publications
 Upcoming Titles


Overview of New & Renewable Energy Sectors in India


Energy Efficiency Scenario in India

India Core Reports
 




IndiaCore Site




 

 

 
 


Uttar Pradesh Investor Conclave 2014, June 12, 2014 || New Delhi

uttar-pradesh-investor-conclave-2014


In a bid to attract investment in infrastructure and industrial sectors in Uttar Pradesh, the Uttar Pradesh state government organised an Investors Conclave in New Delhi on June 12, 2014- the fourth in a series of meets that have been organised since the Akhilesh Yadav-led Samajwadi Party government was sworn-in to power in March 2012.

Industry has typically fought shy of investing in the state despite the many opportunities because of two key concerns- law and order and power supply. UP finds itself at the centre of a crisis owing to both of these issues. As such, confidence building among investors about the overall investment climate in UP is a key move, which the government is hoping to achieve through this event.

The State's Chief Secretary Alok Ranjan told reporters during the pre event briefing- "In the development agenda of the UP government, emphasis is being given on increasing capital investment. This investment should increase in infrastructure and industrial sector. For this an investors conclave is being organised in Delhi on June 12, 2014. The objective of the conclave is to have an open interaction with the investors during which they will be informed about the policies of the UP government".

He said that Chief Minister Akhilesh Yadav would attend the conclave, which would be attended by the ambassadors of seven countries. Ranjan said that during conclave a presentation would be made on "why UP", why investors should invest in the state. "After this, one to one meeting will be held with the investors during which their queries will be answered," he said. In a reply to power and law & order situation in the state, he said,"we will assure them that you set up a industry and we will provide you a conducive atmosphere. The government is taking steps to strengthen power and law & order situation. We will assure that 24 hours power will be given to the industries."

Touted as the first in a series of road shows, June 12 saw Chief Minister Akhilesh Yadav meeting with key investors over a power breakfast, while senior officers from the state made presentations about opportunities available in UP. Wooing investors, the CM said, “Uttar Pradesh is a land of great rivers, it’s a fertile land. The state has investment opportunities in many sectors. No (other) state can compete with Uttar Pradesh as far as tourism is concerned.”

The state government made a presentation about investment opportunities with special focus on food processing, agriculture, infrastructure and industry, and information technology sectors. Later, Chief Secretary Alok Ranjan enlisted the state’s advantages, including its 200 million population; natural resource availability in the agriculture sector and high farm production. “We have created an enabling policy environment, including the Infrastructure and Industrial Investment Policy apart from sector-specific policies for solar and handicrafts sectors and single-window clearance,” he said.

After the CM's closed-door meetings with specific companies, state secretaries from across departments engaged on one-on-one interactions with firms from various sectors during the conclave.

The conclave was attended by Amity's Chairman Emeritus Ashok Chauhan; Reliance Jio chairman Mahendra Nahata; Samsung India Deputy Managing Director Ravinder Zutshi; HP India Vice President Rajiv Srivastava; Fortis President Daljit Singh; Sonalika Tractors Chairman L D Mittal and Kribhco Managing Director V P Kaushik among others. Representatives from 100 companies and seven countries participated in the UP Investor Conclave. Business groups from Europe and Britain, the Indo-Italian Chamber of Commerce and Industry, Indo-Canadian Chamber and Lacfi Industrial group, along with representatives from the embassies of Italy, Taipei, Canada, and Germany, among others participated in the Conclave. Government officials confirmed the business groups and individuals have evinced special interest in the food processing, energy, health, urban development and tourism sectors.

Few corporate leaders delivering speeches praised the UP government for providing what they called a hassle-free business environment. The mood among the audience, however, was one of caution. "The list of sectors where investment has been committed- health, education or alternate energy- are basic economic areas where investment will come in any way. Why are there no investors from core sectors like auto?" said an executive who did not wish to be quoted.

In a boost to the UP government’s industrialisation drive, around 20 companies promised to invest Rs 35,000 crore in multiple sectors in Uttar Pradesh during the UP Investor Conclave. Essel Group, Reliance Jio and Fortis were among key names to line up investment. The largest investment commitment of Rs 20,000 crore came from Essel Group, which signed a memorandum of understanding (MoU) with the state government for setting up urban development, power distribution and solar power projects. Reliance Jio Infocomm, a subsidiary of Reliance Industries (RIL), signed a pact for rolling out 4G broadband services for Rs 5,000 crore in the state. Kolkata-headquartered ITC Ltd promised Rs 2,100 crore for setting up projects in multiple sectors; private university Amity signed a pact for establishing an educational complex in Kanpur for Rs 2,000 crore; Fortis Healthcare committed Rs 800 crore for a super-speciality hospital each at Kanpur, Lucknow and Greater Noida; and Sonalika Tractors promised Rs 200 crore investment for setting up a manufacturing facility. Besides, River Engineering (Rs 350 crore), Uflex Industries (Rs 4,000 crore), JVL Agro (Rs 2,200 crore), Shree cement (Rs 550 crore), Azure Power (Rs 800 crore), Kribhco (Rs 150 crore), Ultra Fairwood (Rs 220 crore), UP Food and Logistics (Rs 600 crore), Duncan Goenka (Rs 100 crore) and Samprash Food (Rs 60 crore) also signed MoUs. In addition, Yashoda Super Speciality Hospital announced a Rs 2,000-crore investment plan for a medical city.

Through the summit, the Chief Minister tried to send a positive signal to investors. “The huge investment commitment shows the way for the next phase of growth in Uttar Pradesh,” Yadav said. “I promise I will meet each one of you personally to resolve issues like clearances.”

Following a series of similar road shows across cities, UP also plans to host a Global Investors' Summit at Agra around mid-2015.

The statements or opinions or review is by a third party/ or the organiser and are not necessarily agreed or authorised or endorsed by IndiaCore.com.


For Fee Based detailed analysis & value added information on the Indian Core Sectors, please contact us at info@IndiaCore.com

 
Upcoming IndiaCore Organised/ Partnered Events

Renewable Energy for Indonesia 2017, November 28- 29, 2017 || Jakarta.INDONESIA

renewable-energy-for-indonesia-2017


Global Geothermal Energy Summit 2017, November 29 - 30, 2017 || Amsterdam

global-geothermal-energy-2017


Electricx 2017, December 3- 5, 2017 || EGYPT


Solar-Tec 2017, December 3- 5, 2017 || EGYPT


Critical Control Rooms, December 4- 6, 2017 || TBC

critical-control-room-2017


22nd World Cardiology Conference, December 11- 12, 2017 || Rome. ITALY

world-cardiology-conference-2017


EXCON 2017, December 12- 16, 2017 || Bangluru. INDIA

excon-2017


World of Asphalt Show & Conference 2018, March 6- 8, 2018 || HOUSTON. TX

world-of-asphalt-2017


China International Vending Machine & Self-Service Facilities Fair (China VMF 2018), March 4- 6, 2018 || CHINA

china-vmf-2018


Middle East Electricity 2018, March 6- 8, 2018 || UAE


The 18th China International Petroleum & Petrochemical Technology and Equipment Exhibition, March 27- 29, 2018 || China. BEIJING

cippe-2018


Asia Warehousing Show 2018, May 2- 4, 2018 || Bangkok. THAILAND

asia-warehousing-show-2018


11th World Bioenergy Congress and Expo 2018, July 2– 4, 2018 || Frankfurt. Germany

world-bioenergy-congress-and-expo


“25th Euro Congress on Pediatric Heart Disease and Health” 2018, August 13- 14, 2018 || Dublin, Ireland

pediatric-heart-disease-2018


24th World Cardiology Conference, September 17- 18, 2018 || Hong Kong

world-cardiology-conference-2018


“26th Annual Cardiology and Cardiovascular Nursing Congress” (Cardiac Nursing 2018), November 21 - 22, 2018 || Singapore

cardiac-nursing-2018


Asia Cold Chain Show 2018, November 28– 30, 2018 || Bangkok. THAILAND

asia-cold-chain-show-2018


Road Infrastructure- Safety, Operation & Management, TBA || Mumbai. INDIA


Mining & Mineral Exploration Conclave- ‘Need for Modernisation & Capacity Enhancement in the Indian Mining Industry’, TBA || New Delhi. INDIA


The Madhya Pradesh Agri Summit & Mela, (TBA) || Bhopal. Madhya Pradesh


'Thermal Power India’, TBA || New Delhi. INDIA

TPI-2012


Indian Solar Thermal Energy & PV Conference, TBA || New Delhi. INDIA


Energy Efficiency Forum, TBA || New Delhi. INDIA


Smart Energy & Smart Metering India- 'Convergence of IT, Automation, Control & Communication', TBA || New Delhi. INDIA


Pharma CIO Conclave & Awards 2017, August 9, 2017 || Mumbai
Directories
Conference Proceedings
 
 

Join our Mailing List to receive Information Updates on Events, Happenings, Book Release, Developments in the Core Sector

IndiaCore listing

 
       
IndiaCore Banner
 


Copyright © IndiaCore. All Rights Reserved. Terms of Use & Privacy Policy
Site Designed & Maintained by India Core
IndiaCore.com - The Online Resource for Information on the Indian Infrastructure & Core Sectors