Seeking to boost investment in infrastructure projects in the state with the help of India Inc, the Uttar Pradesh government is holding an investors’ meet in Lucknow on November 21.
The meet, to be attended by top industry captains, besides representatives from reputed consultancies, will brainstorm on the public-private partnership (PPP) model, which is being pursued aggressively by the state government in several sectors, such as education, health, infrastructure, sugar, power, transport etc.
“Invitations are being sent out to the industrialists and blue chip corporate houses in this regard,” an official source told Business Standard.
The state government will solicit suggestions from the industry about the policy initiatives to boost investment and create an investor-friendly environment in the state.
Earlier, a similar investors’ meet scheduled in New Delhi on July 14 this year was cancelled at the last moment, although all groundwork had been done and even confirmations received from several top-line industrial houses, investors and bankers.
The cancellation had put a big question mark on the business and investment environment and the political will of the state government to push the reforms agenda forward.
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UP Chief Secretary Atul Kumar Gupta is the chairman of the Convention, while Alok Ranjan, principal secretary, technical education is the nodal officer appointed by the state government for the event.
This time, the investors’ meet is being organised on the eve of the annual Lucknow Management Association (LMA) Convention 2008 on the topic of ‘Creating World Class Infrastructure – Policy Imperatives’.
“The meet would showcase eminent speakers, industry leaders and top bureaucrats from the central and state government to discuss infrastructure policies, pitfalls and possible solutions,” he underlined.