Investment policy revamp a priority: Akhilesh

Agra, Jan 28 (IANS) Uttar Pradesh Chief Minister Akhilesh Yadav Monday said the state's priority is to revamp the investment-related policies across sectors and create an enabling and business friendly-environment.

Yadav said this at a special plenary session on "Uttar Pradesh - Unlimited Potential" during the 19th CII Partnership Summit here, jointly organised by Confederation of Indian Industry (CII), the union commerce and industry and the state government.

"We have created high powered committees to monitor execution of policies and take speedy executive decisions, where bottlenecks exist," said the chief minister.

He also launched key policies on infrastructure and industrial investment, food processing industry, sugar, IT, poultry and solar power.

Uttar Pradesh had the highest young population and to leverage this demographic dividend the state government had accorded top priority to skill development, Yadav said.

A scheme was initiated to distribute 26 lakh tablet PCs and 15 lakh laptops to students passing high school and intermediate examinations, respectively, he added.

Chandrajit Banerjee, director general, CII, said: "CII has been engaging with the Uttar Pradesh government at the highest levels and in this regard, we have formed working groups with state government" several sectors.

In his closing remarks, Ajay S. Shriram, vice president, CII, and chairman and senior managing director, DCM Shriram Consolidated Ltd, said: "Execution of the policies will be key to the development of the state."

Jaiprakash Gaur, founder chairman, Jaiprakash Associates Ltd, said the state with its strong agricultural base, fertile land, plenty of water and minerals had immense potential for growth.

Ron Somers, president, United States-India Business Council (USIBC), said: "American firms are keenly interested in investing in Uttar Pradesh."

C.S. Nopany, chairman and managing director, K.K. Birla Group of Sugar Companies, said that event such as the partnership summit will help the state in improving its perception among investors.