File photo of Uttar Pradesh Chief Minister Akhilesh Yadav.
Top global and Indian investors from across several sectors will engage with the Uttar Pradesh government today during the 'Investors' Conclave' scheduled to take place in the national capital with an aim to attract private sector investments and create jobs in the state.
UP Chief Secretary Alok Ranjan, on Wednesday, said that although the state is an agriculture-based economy - presently 68 per cent people are involved in it - employment generation through industry will help increase people's income level as well as the quality of life.
He said top officials from around 150 industries are expected to participate in the conclave in which UP Chief Minister Akhilesh Yadav will also be present.
Ambassadors of seven countries - including Canada, Germany, Italy, Taiwan, Turkey and Netherlands - have confirmed their participation and will bring along representatives of their country's industry as well, he said.
"The Investor conclave is expected to achieve several objectives for the state government and will be a means to reinforce UP's strength in terms of growing consumption power, skilled manpower, world-class industrial infrastructure and responsive policy environment," Mr Ranjan told reporters.
He said that the government had made a new industrial policy which was declared in January 2013 and also declared other specific policies like those for the food processing sector, sugar, poultry, IT and solar energy.
"So the UP government has made a policy framework and now we are going to the investors with that framework. This is the idea behind the conclave," he said.
"Already many companies are ready to sign MoU with UP. On a conservative basis, I can say that companies are ready to sign MoUs worth Rs 25,000 crore," he said.
UP has planned to organise a series of national as well as international investor conclaves leading to the Global Investors Summit in 2015. The first such investor conclave will be held today, officials said.