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Pvt firm to market UP as investment destination

Lalmani Verma,Lalmani Verma

Posted: Nov 10, 2012 at 0528 hrs IST

Lucknow To promote investment in the state, the Akhilesh Yadav government has decided to engage a “knowledge partner” for proactive engagement with industries and investors on a long-term basis. To its aid will be the state’s new infrastructure and industrial investment policy.

While the presentation about the concept of knowledge partner has to be made before Chief Minister Akhilesh Yadav soon, the process for engaging one began on Friday with the government inviting offers from interested firms.

Among the eligibility criteria is that the bidding firms should have offices in at least 10 countries, preferably USA, Europe, Australia, Singapore and most the metro cities in India.

Udyog Bandhu, a state government organisation, is executing the process of selection of the knowledge partner. The idea of engaging a knowledge partner was mooted in a meeting of Chief Secretary Jawed Usmani with the officials of Infrastructure and Industrial Development Department on October 30. Udyog Bandhu Joint Executive Director Kaushal Raj Sharma said the knowledge partner will be engaged for a period of 18 months.

The work of the knowledge partner, Sharma said, will be to coordinate between different state government departments and business houses. “It will design an investment promotion strategy and an action plan for the state and promote UP as the most preferred investment destination in the country,” he added.

Sharma said that professional hands are required for executing these tasks which are essential for promoting the state as an investment destination. Sources said the first task of the knowledge partner will be to organise CII’s Partnership Summit to be held in Agra from January 27 to 29. Business houses from nearly 40 countries are likely to participate in the summit.

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