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Amar lashes out at Opposition over private sector investment

Written by: Staff
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Lucknow, May 12 (UNI) Uttar Pradesh Development Corporation (UPDC) Chief Amar Singh today lashed out at the Opposition for claiming the state was not getting any investment from private sector.

Addressing reporters here after the conclusion of 9th meeting of the UPDC, its Mr Singh said after the council was formed, Rs 5,000 crore worth of investment had been made in the sugar sector by private investors.

''Earlier, the sugarcane growers used to get slips for the cane sold..now they get instant payments,'' he claimed.

''The Planning Commission has been highly appreciative of our policies...the Bihar government has sought a copy of the state sugar policy,'' he added.

Commenting on power sector, Mr Singh claimed while tenders for Anpara 'C' would be filed on May 23, Mr Kumarmangalam Birla has assured him his company would take a final decision on Roza power project within a fortnight.

The UPDC chairman also ruled out reports that coal procurement was a problem for Anpara C project.

Mr Singh said the Union Government's special economic package for setting up industries in the plains of Uttaranchal has effected investments in UP. ''In a bid to counter this, we have decided to provide incentive to parties investing Rs 50 crore and above.'' The meeting was attended by Amitabh Bachchan, Kumarmangalam Birla, Subrata Roy of Sahara group and former IDBI chief S H Khan amongst others.

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