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PICUP signs MoUs with SREI infra for services

By Staff
Google Oneindia News

Lucknow, Jan 14: Pradeshiya Industrial and Investment Corporationof UP Ltd (PICUP) has entered into an MoU with Kolkata-based advisoryfirm SREI Infrastructure Finance Ltd on non-exclusive basis.

PICUP is the nodal agency for implementation of Public-Private-partnership (PPP) model in the state.

SREI will work as co-consultant with PICUP to facilitateinvestment and infrastructure development and capacity building in thestate.

PICUP signed another MoU with Lucknow Industrial DevelopmentAuthority (LIDA) for providing advisory services based on PPP model forthe development of 50-75 per cent of the 2,000 acre of land, acquiredin the first phase.

The Uttar Pradesh government had recently identified an industrialcorridor between Lucknow and Kanpur and has set up LIDA for speedydevelopment of a Hi-tech Industrial Township.

Speaking on the occasion here, MP and Chairman of Uttar PradeshDevelopment Council Amar Singh said, ''Keeping in view the fastchanging dynamics of infrastructural and industrial development, achange-oriented approach on the part of government to assume the roleof a facilitator with active participation of private sector as themain player is required. Only then progress can be sustained.'' MrSingh claimed that if PPP model is implemented in right earnest thestate stands to gain a lot.

''Partnerships with private sector would enable the public sectorand society at every level to benefit from commercial dynamism,innovation and efficiencies, harnessed through private expertise,skills and experience. However, we need a tailored approach towardsthis concept according to the changing times and projects,'' addedIndustrial Development Commissioner Govindan Nair.

PICUP managing director Sudhir Garg said, in the present scenariowith rapidly growing vast cities like Lucknow, Kanpur, Varanasi, Agraand Allahabad it was imperative for the private sector to activelyparticipate and provide its expertise to keep up pace with theincreasing demand of infrastructural facilities and industrial growthwith public sector working as a catalyst.

An ex-IAS, Executive Director, SREI, R Mandal said in textilesector there was immense scope for India to develop and promoteexport-oriented units (EOUs).


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