Govt Sets Pvt Investment Targets For 22 Departments


By akansha, Section Infrastructure
Posted on Wed Jun 24, 2009 at 11:05:32 PM EST

The Uttar Pradesh government has fixed department-wise targets for private sector investment. According to an order issued on Wednesday, now all identified government departments will have to work in unison to maintain and develop investor-friendly ambience across the state.

As per the order, the government has identified 22 departments related to all segments conducive to private investment in industrial, infrastructure and service sectors. Departments and agencies in infrastructure and industrial sector include small scale industries (IT & village included), Noida, Greater Noida, Uttar Pradesh Expressways, Industrial Development Authority (Ganga Expressway), Yamuna Expressway Authority, Industrial Authorities of Bhadohi, Satharia (Jaunpur) and Gorakhpur as well as UPSIDC.

Similarly, departments in service sector include all categories of educational institutions including basic, secondary, higher, technical and vocational and medical institutes; medical and health, transport, aviation, urban development, public works department (UP. State Highways Authority included), tourism & culture, housing and urban planning, power and irrigation.

According to the order, a collective private investment target of Rs 50,882 crore has been fixed for the above departments to achieve in this financial year (2009-10) in industrial, infrastructure and service sectors (Rs 13,682 crore in industrial and infrastructure sector and Rs 37,200 crore in service sector). However, it has been clarified that as and when required other government departments may also be included in this time-bound result-oriented exercise.

Source: Times Of India Govt sets pvt investment targets for 22 departments

< UP Sets Target of Rs 50,882 cr Pvt Investment This Fiscal | SBI Cuts BPLR By 50 Basis Point To 11.75 Per Cent >
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