Uttar Pradesh attracts $5.5 B investments

Wednesday, 22 September 2004, 07:00 Hrs
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BANGALORE: Uttar Pradesh has attracted investment proposals worth about 250 billion ($5.5 billion) during the last nine months in sectors like power, IT and healthcare, officials said here Wednesday.

"Taking into account projects in the pipeline and commitments made by various stakeholders, including Reliance, we have attracted investments to the tune of 250 billion during the last nine months," said Amar Singh, Uttar Pradesh Development Council (UPDC) chairman and Samajwadi Party general secretary.

Among the investment proposals was a 150-billion gas-based power project from the Reliance group.

"The state support agreement has been reached for the power plant, which is expected to be commissioned in the next two to three years. It will come at Dadri in western Uttar Pradesh," Singh told reporters.

Other proposals are for a 3-billion hi-tech hospital by the Sahara group in association with Apollo group, a 8.5-billion hardware manufacturing facility by South Africa-based Sahara, a rapid mass transport system and power projects by the Tata and Birla groups.

Singh told reporters the council had also finalised its IT policy in consultation with Nandan M. Nilekani, chief executive of IT bellweather Infosys.

Nilekani, who is on the board of UPDC, contributed to framing the IT policy and gave a checklist of proposals for infrastructure development, including IT parks in Noida and Greater Noida in Ghaziabad district near Delhi.

He will visit Noida Nov 5 to address businessmen and IT professionals with a view to promoting the growth of the state's knowledge sector.

"Nilekani has played a proactive role in the formulation of our IT policy, which will be put up to the cabinet for approval," Singh said.

"Though Infosys has not committed any investment so far in Uttar Pradesh, it has agreed to conduct a pilot project on e-governance in a district that the government will select.

As Noida is likely to get SEZ (special economic zone) status, Reliance has evinced interest in developing the area.

"We are working out a method to synergise the Reliance power project and the SEZ formation," Singh said.

Source: IANS
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