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UP introduces MoU Monitoring Mechanism for implementation of investment proposals and tracking of MoU

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UP introduces a MoU Monitoring MechanismUttar Pradesh introduces a Memorandum of Understanding (MoU Monitoring Mechanism to achieve efficient implementation of investment proposals by guiding interested investors and to track the signed MoUs.

MoU Monitoring Mechanism:

i.UP will launch a new MoU tracking portal integrated with Nivesh Mitra, single window system.

ii.Key Changes 

1.All the interested investors can contact a dedicated officer through this mechanism 2.The ownership will be provided to the associated department which will help in fixing accountability.

Review Meetings:

i.The nodal officers will be assigned by the concerned departments to implement the MoUs and to conduct the monthly review meetings.

ii.Agriculture Production Commissioner(APC) will chair the review meeting of MoU with investment proposals of more than Rs. 2,000 crore of agriculture and allied sectors as a part of this mechanism.

iii.Infrastructure & Industrial Development Commissioner(IIDC) will chair the other department proposals that are greater than Rs. 2,000 crore.

iv.The additional Chief secretary or the Principal secretary or the secretary of the concerned department will chair the review meeting of investments between Rs.500 crore and Rs 2,000 crore.

v.The divisional commissioner will chair the proposals below Rs.500 crore.

Key Point:

The UP government has conducted 2 investor meetings and in the 2018 summit signed around 1045 MoUs in which 371 are various stages of implementations and until 17th March 2020, 106 of these have started commercial production.

About Uttar Pradesh:
Governor Anandiben Mafatbhai Patel
Chief Minister Yogi Adityanath
Chief Secretary– Rajendra Kumar Tiwari
Capital Lucknow