July 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE—UTTAR PRADESH
Yogi starts MoU monitoring mechanism in UP

Uttar Pradesh Chief Minister Yogi Adityanat ...

  • Yogi Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath, has introduced a new MoU (Memorandum of Understanding) Monitoring Mechanism to ensure swift implementation of investment proposals in the state. According to UP minister for industrial development, Satish Mahana, this will ensure better handholding of investors and efficient tracking of investment lifecycle of projects. Mahana said that backed by information technology, the new mechanism would enable monitoring of investment intents at various levels of the government, thereby, facilitating the existing investors and instilling confidence in new investors in the investment ecosystem of Uttar Pradesh. UP Chief Secretary, Rajendra Kumar Tiwari, has directed Infrastructure & Industrial Development Commissioner (IIDC), Agriculture Production Commissioner (APC), all additional chief secretaries, secretaries and divisional commissioners in the state to ensure prompt and strict compliance of the provisions and processes defined under the new mechanism to facilitate willing investors and timely implementation of their projects.

The Chief Secretary said that the new mechanism aims to institutionalise investment project monitoring system along with standardization of MoU implementation across the project lifecycle in the state. He said that the new system would not only bring the investors and other government stakeholders on a single interactive platform, but it would also enable facilitation requirements of investors for smoother implementation and better targeting.