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Tuesday 19 Dec 2017 03.48 PM

Road Show for UP Investors’ Summit organised in Bengaluru

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A delegation of UP Government, led by the Industrial Development Minister, Shri Satish Mahana had a meeting with the CEO, Biocon Bengaluru, Ms. Kiran Majumdar during Bengaluru Road Show organized in Hotel Taj Westend, for building up preparation for upcoming Investors Sumit at Lucknow February 2018. During the meeting, Ms. Majumdar evinced her interest in investing in the health sector especially in e-primary health care centres of the state. She said that Biotech Start Up entrepreneurs will be asked to work in Uttar Pradesh. She laid stress on a survey of UP districts including Gorakhpur to start e-health care centres under a pilot project. She also suggested to launch a campaign to attract entrepreneurs in health sector of the state by doing startup campaign to invite small inubators and entrepreneurs.

The UP Industrial Development Minister, Shri Satish Mahana, has called upon the investors and entrepreneurs to invest for developing I.T. Parks in private sector in the selected areas of Uttar Pradesh. He said that the state government has increased the limit of start-up corpus fund from Rs. 100 crore to Rs. 1000 crore. The exemption in interest subsidy, exemption in electricity, hundred percent reimbursement of provident fund, concession in electricity bills and self-attestation system will remain in force as these were in force prior to introduction of the new policy.

The Industrial Development Minister was addressing the Road Show under the UP Investors’ Summit organised today at Hotel Taj Westend here. He announced a special package to attract investors in IT and Electronics sectors. He also gave information regarding the concessions and facilities provided to investors in the state’s Start-up Policy 2017, and urged them to invest in Uttar Pradesh. Infrastructure and Industrial Development Commissioner, Shri Anoop Chandra Pandey said that investors will be provided with land, technology and other facilities. He said that the State Government has awarded the status of special industry to the plants to be set-up for solar energy production. He said that the project developer will be provided No Objection Certificate (NOC), 100 percent exemption in stamp fee and exemption from electricity cess for a period of 10 years at Divisional Commissioner level on purchasing ceiling land over 5.058 hectares. All the solar energy generation projects will be given exemption in obtaining environmental NOC. Besides, the Government of India will also extend exemption in excise duty and custom duty to solar energy projects.

Mr. Pandey said that under the ensuing UP Investors’ Summit-2018, a separate session will be convened for NRIs, in which all information pertaining to investment sectors would be provided to them. The Additional Chief Secretary, IT & Electronics, Shri Sanjeev Saran, said that the investor companies interested in setting up IT Parks would be reimbursed the patents filing cost up to a limit of Rs. 5 lakh for domestic patents and Rs. 10 lakh for international patents in respect of Startup Companies. He said that under the UP Electronic Manufacturing Policy, Noida, Greater Noida and YEIDA (Yamuna Expressway Industrial Development Authority) have been declared as electronic manufacturing zones (EMZs). Financial incentive will be provided under this policy for setting up IT Parks in private sector.

During the Road Show, the Infrastructure and Industrial Development Commissioner, Shri Anup Chandra Pandey, made a presentation on the possibilities of investment in Uttar Pradesh, The Chairman of Karnataka CII and Managing Director of Volvo, and Country Head, Bosch Limited expressed vote of thanks. The Road Show was attended by over 200 industrialists of IT, Electronics Manufacturing, Finance, Energy, Solar Energy and other sectors, as well as their officers. Prominent among them, with whom detailed discussions were held on the occasion by organising separate meetings, were Director, Ekagga Technology, Shri Praveen Kumar, Chairman, ETGI Group, Dr. Raichand Chenraj, CEO, Sanfrod Group, Mr. Deniss Ebanaser, Oracle Group Aslesa and Devapriya, CEO, Star International Private Limited, Shri Ravindra Ghode, Senior Director of IBN, Ameer Sahul, Founder CEO, Sanmoksh Energy, Shri Ashok Das, Vice Chairman, Toyota Kirloskar, Shri Shekhar Vishwanathan, Senior Vice President, Wipro Limited, Shri Hari Prasad Hegde, Managing Director, Bharat Electronics, Shri MB Gotma, Public Policy Leader of Uber India, Ms. Lavanya Singh, Executive Director, Alfamers, Shri D Chandrashekhar, MD, Euphoria Global, Shri Sharad Dixit, Director, Aklog India Pvt. Ltd. , Shri Raghu, Chairman, Edgewood Ventures Group, Shri Devendra Sharma, Technical Coordinator, DRDO, Shri BG KeshavMurti, Founding Partner, Ola India, Shri Pranay Givargaka, MD, Erin Consultants Pvt. Ltd. , Shri Sai Prakash, Director, Neeter Technical Training Foundation, Mr. Stephen Louis, MD, Sewa Switchgear Pvt. Ltd. , Shriman Bhasyam, Project Manager, Business Sweden, Ms. Anjali Bhola Bhargava, MD, Volvo India Pvt. Ltd. , Shri Kamal Bali and others. All of them expressed their intention to invest in Uttar Pradesh.

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Tuesday 19 Dec 2017 03.48 PM
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