SP terms investors meet as flop show
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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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