Uttar Pradesh government gets investment proposals worth Rs 9,608 crores

Lucknow: The efforts of the Uttar Pradesh government to attract investments have started bearing some fruits, with the state getting fresh investments in the industrial sector to the tune of Rs 9,600 crores since April 2012. This is apart from the investment which is coming in real estate, construction, power plants, PSU's, roads and expressway projects.

The Infrastructure and Industrial Development Commissioner, Alok Ranjan said that investments worth Rs 1,519 crores has already been made by various groups and another Rs 8,089 crores is under various stages of implementation. Together the total investment would amount to Rs 9,608 crores.

Among those who have made fresh investments are Godfrey Phillips in Meerut, Wave Industries in Saharanpur, Superhouse Ltd in Noida, DCM Shriram in Meerut, Parle Agro in Ghaziabad, Ultratech Cement, Shahi Exports, Moser Baer Solar.

Alok Ranjan said that two big investment proposals of Rs 900 crores are also on the verge of being finalised.

Sampraksh group proposes to invest Rs 700 crores in Kanpur Dehat to set up a food processing plant.

PTC Industries has also submitted a proposal to invest Rs 200 crores to set up a manufacturing unit at Lucknow.

Managing Director, PTC Industries, Sachin Agarwal said that they have already tied up funds and arranged land for setting up the unit and are waiting for the go ahead from the government. PTC Industries would manufacture components for super critical applications in power plants, turbines, ships, nuclear plants etc. Agarwal said that it would be world class modern plant which will be set up in Lucknow and most of the components manufactured would be exported.

He said that they were confident of setting up of the plant within two years and have already arranged 20 acresof land for the project.

Apart from these projects, the Akhilesh Yadav government is in the final stages of setting up of an IT Park in Lucknow for which several leading names have shown interest. The government is also taking steps towards awarding the Lucknow-Agra Expressway contract.

At the recently held CII Invest North 2013 in August at New Delhi, the government had also received preliminary proposals for setting up projects worth Rs 22,000 crores in diverse sectors like consumer goods, solar power, auto parts, sewage treatment plant and education. Alok Ranjan said that these projects were also being fastracked and the concerned groups have been asked to submit detailed project reports.