The BJP-led government expects to attract an investment of Rs 1 lakh crore during 2018-19 across the sectors.
For his maiden visit to Mumbai on Friday, Uttar Pradesh Chief Minister Yogi Adityanath will roll out the red carpet for investments and hold one-on-one meetings with several industry captains, including Essel Group chairman Subhash Chandra, Tata Trusts chairman Ratan Tata and Reliance Industries chairman Mukesh Ambani, among others. The BJP-led government expects to attract an investment of Rs 1 lakh crore during 2018-19 across the sectors.
To that end, the state government is organising a global investors summit in February and the chief minister is in the city as part of its roadshow, organised by Confederation of Indian Industry.
On Friday, Yogi Adityanath, accompanied by industries minister Satish Mahana, chief secretary Rajiv Kumar and industrial development commissioner Anup Chand Pandey will meet a host of industrialists that also include Tata Sons chairman Natarajan Chandrasekaran, Reliance ADAG executive vice chairman Satish Seth, HDFC chairman Deepak Parekh, and Hinduja Group of Companies (India) chairman Ashok Hinduja.
UP government's principal secretary (information) Awanish Awasthi told DNA, "The state government has already released a couple of policies including industrial and employment, information technology, agro-processing and food-processing. The government will soon announce its tourism policy. We aim to attract an investment of Rs 1 lakh crore during 2018-19.''
Some of the fiscal incentives being considered are subsidies and concessions include stamp duty exemption, capital and infrastructure interest subsidy, employee provident fund reimbursement and electricity duty exemption, subject to certain conditions, to attract investments.
Out for business
The BJP-led government expects to attract an investment of Rs 1 lakh crore during 2018-19 across the sectors. The visit is part of a roadshow.
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