The Uttar Pradesh Investors Summit 2018 is reaping rich dividends for the IT sector, at least the number of MoUs signed point likewise. On February 21, in the presence of the Union Communication Minister, Manoj Sinha and the Deputy Chief Minister and IT & Electronics, Dr Dinesh Sharma, as many as 25 MoUs have been signed in the summit between the Uttar Pradesh Government and various electronic units.

Deputy CM, Dr Dinesh Sharma said that the Uttar Pradesh Government is making efforts for the industrial development in the state, as well as also making efforts regularly for social and economic development of the people and has made several efforts for providing clean environment to investors and entrepreneurs in the state and ensuring procedural transparency. He said that labour laws have been simplified for creating employment and attracting capital investment and permission have been given to work in factories in all the three shifts.

He also said that the “Uttar Pradesh Electronics Manufacturing Policy” and the “Uttar Pradesh Information Technology & Startup Policy-2017” have been promulgated for electronic and information technology enterprises. It aims to provide a conducive environment to investors for promotion of electronics manufacturing and thereby establishing Uttar Pradesh as the most preferred investment destination in India. Single window assistance will be provided to investors for setting up ESDM units. He said that Land Banks have been setup for industrial units. Noida, Greater Noida and Yamuna Expressway Industrial Development Authority area have been declared Electronics Manufacturing Zones (EMZs) and all infrastructural facilities have been extended.

The Deputy CM, Dr Dinesh Sharma, said that many additional incentives have been proposed for the ESDM units which include capital subsidy, interest subsidy, exemption in stamp duty and GST reimbursement. He said that setting up of three electronics
manufacturing clusters is proposed in the state. Decision has been taken by the “Steering Committee for Clusters” for obtaining final approval from the Government of India for setting up electronics manufacturing cluster in Ecotec-6 of Greater Noida. In this cluster,
companies from China and Taiwan will be setting up their production units by investing about Rs. 3,000 crore. The construction work of cluster is proposed to start from March 2018. He said that employment generation for about 3 lakh people in the state will be ensured by 2022.

Additional Chief Secretary, IT Electronics, Sanjeev Saran, along with senior officers and IT Electronics representatives from China, Taiwan and other countries were present on this occasion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here