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SP terms investors meet as flop show

Last Updated: Wednesday, October 28, 2009 - 19:33

Lucknow: Terming the investors` meet
organised by Uttar Pradesh government in Mumbai to attract
private investment in state as a flop show, Samajwadi Party
today alleged that not a single proposal was submitted during
the conference.

"Despite repeated requests, not a single proposal to set
up an industry in the state was received by the government
from any corporate house during the meeting," SP spokesman
Rajendra Chaudhary said here.

He alleged that the state government itself was not
serious on progress and development of the state and said,
"When exisiting industries are closing in absence of basic
infrastructure, there is no question of new units coming up in
the state."

Chaudhary said that instead of attending the meet, Uttar
Pradesh Chief Minister Mayawati left the issue related to
development with the officials.

"Invitation to attend the meet was extended to nearly
100 corporate houses, of which only two dozen participated,"
he claimed.

In a bid to attract private investment and accelerate
industrial development in the state the UP government had
organised an investors meet in Mumbai yesterday.

During the meet, investors were apprised of expressway,
township, power generation, transmission and distribution
policies formulated by the state government to attract private
investment in these sectors.

State government officials claimed that other than top
Indian corporate houses, some foreign companies also attended
the meet.

Bureau Report

First Published: Wednesday, October 28, 2009 - 19:33

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