Akhilesh announces sops to woo investors

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With an aim to attract investments in Uttar Pradesh, Chief Minister Akhilesh Yadav has offered sops to the investors and held a meeting with the CEOs of manufacturing and IT sector asking them to set up their shops and assured all help to them.

The CM announced subsidy, waiver of stamp duty and special package for those investing over `200 crore in the State. “The Government is ready to welcome investors with open arm. We have resources and you have the technical know-how. let’s combine to make Uttar Pradesh as Uttam Pradesh,” he told CEOs in the Industrial Messe in Hannover in Germany on Thursday.

Chief Minister also launched a webside www.upsteigned.in to showcase UP’s industrial potential. The portal is on German language. Yadav focused on renewable energy and visited the pavilion of Solar PV Manufacturing Companies and Digital India Hall. He said in view of increase in power demand Government has focused its attention towards solar energy.

“The Government has launched UP Rooftop Solar Photo voltaic Power Plant Policy, 2014. This policy is aimed at tapping solar energy to meet our power demand. At this point of time UP has 10,000 MW of energy and would increase its production to 13,000 MW,” Yadav said He also talked about his Government’s commitment to set up IT hub at the outskirt of state capital. “This project is given SEZ status to invite investment,” Chief Minister said.

Chief Minister was told that UP is known as IT hub in northern India. In 2012-13 software over $ 4296 million was exported from northern state. Chief Secretary Alok Ranjan spoke about Government’s initiative in solar and renewable energy.

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