NEWS FROM STATES


UP handicrafts all set to go hi-tech

Uttar Pradesh, which contributes 60 per cent of the handicraft exports, has charted out a strategy to tap West Asian and Singaporean markets.

While the handicrafts will consist of brassware, metalware and zari-zardozi work; leather garments, the mango, fresh flowers and fruits will form part of the agro-exports.

To facilitate the easy export of mango, fresh fruit, and flowers to the middle east and singapore, a cargo complex is being readied at the Lucknow Airport.   The Complex will have preservation facilities for perishable commodities worth Rs. 650 crore,  Ms. Johra Chatterji, Director and commissioner of industries said.

The state government is negotiating a deal with several airlines for use of their freight service network.  

The UP government is also in the process of developing a website on UP handicrafts and handlooms.  

UP to invite private sector to participate in 250 projects.

Uttar Pradesh Chief Minister Shri Ram Prakash Gupta announced on August 18, 2000 that his government would be inviting the private sector and institutions to participate in over 250 projects worth Rs. 42,000 crore, as part of the reforms process being initiated by the state administration.

Speaking at a conference organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) Shri Gupta outlined his resolve to transform Uttar Pradesh into an ‘Udyog Pradesh’ and said that the government had set up an Infrastructure Initiative Fund with the objective of identifying and formulating commercially viable infrastructure projects with the potential of attracting private sector participation.

“For facilitating private sector participation in infrastructure, we have also set up a Rs. 100 crore infrastructure development fund for providing the seed capital for projects’, he said.

A target of 10 to 12 per cent increase has been set for industrial growth.  Industry’s contribution to state domestic product (SDP) will increase by 5 per cent and increase in the secondary sector will be 7 per cent.

The U. P. Government is striving to reduce the fiscal deficit from the current level of Rs. 11,341 crore to 10, 632 crore by 2000-01. For achieving these targets a three-pronged strategy has been set in place, comprising an ‘enabling policy framework, high class competitive infrastructure and effective hand-holding and fruitful facilitation. The state is in the process of developing seven industrial corridors with high-class infrastructure to accelerate industrial and economic activity.  
Delhi Government to computerise revenue records 

In order to have transparency and provide information to people at their finger-tips, the Delhi Government has decided to computerise all revenue records.  The Revenue Department has launched an ambitious programme to computerise complete land records of Delhi, which would be properly updated.  The computerisation of land records of about 150 villages had already been done with the help of National Informatics Centre.  

MP subsidy on Bio-mass Gas fire purchase 

Subsidy varying from Rs. 1 lakh to Rs. 25 lakh will be provided to entrepreneurs and industrial units in Madhya Pradesh on purchase and installation of bio-mass gas fire. Under the national bio-mass gas fire programme being sponsored by the ministry of non-conventional resources of energy, Government of India, subsidy on bio-mass gas fire would be given to entrepreneurs and industrial units for their electrical, mechanical and thermal use. The subsidy would be sanctioned to entrepreneurs on “first come, first serve” basis by the Centre through the Madhya Pradesh Urja Vikas Nigam.  

Punjab constitutes dis-investment commission

The Punjab Government has constituted the Public Sector Disinvestment Commission (PSDC) with former State Chief Secretary, Shri T.K.A. Nair, as its part-time Chairman.  The Commission will finalize a comprehensive disinvestment programme covering all State public sector undertakings and apex co-operative institutions. It will also make recommendations on restructuring of government undertakings and institutions to make them attractive for the disinvestment.  Shri S.S. Kohli, Chairman-cum-Managing Director, Punjab National Bank, and Chairman of SIDBI, Shri  Chander Mohan, Vice-Chairman and Mg. Director of Punjab Tractors Ltd., Shri R.M. Malla, General Manager  IDBI, Shri P.S. Rekhi of Punjab School of Economics and Shri Pradeep Singh, are the five part-time members of the Commission.  The core group set up earlier under the Chairmanship of Chief Secretary, Shri R.S. Mann, will be the nodal co-ordinating agency.  The Public Expenditure Reforms Commission has also been set up for improving the quality of public expenditure and delivery of services to the public under the Chairmanship of Dr. Ashok Lahiri, Director, National Institute of Public Finance and Policy. It would suggest an action plan by July next year regarding the improvement in the quality of public expenditure, restructuring of government departments and agencies and review  rationalization of the subsidies.  

Maharashtra imposes curbs on statutory inspections

The Maharashtra Government is set to impose restrictions on statutory inspections , which would be co-ordinated and conducted jointly by different agencies.  In case of routine inspections, prior permission of the District Industries Corporation (DIC) general managers, with  appeal to the District Collector, would be made mandatory. Possibility of collection of statistics through selective local associations or agencies would also be examined before undertaking such inspections.  Further, Maharashtra Government desires that trade union should be registered only if it has at least 30 per cent of employees in that establishment as its members and such registration should only be in respect of establishments employing more than 25 workmen and the number of office bearers/executives, who are not connected with that establishment, should  not exceed one-third or two, whichever is less.  

NATIONAL VENTURE FUND FOR SOFTWARE AND IT INDUSTRY

  • A National level venture fund viz. National Venture Fund for Software and IT industry was launched on December 10, 1999 by the Hon’ble Prime Minister of India
  • Main objective of the fund is to meet the total fund requirements of software and IT companies, particularly in the small scale sector.
  • The fund would also develop international networking and enable assisted units to attract co-investment from international venture capitalists in subsequent rounds of financing.
  • NFSIT is a close ended 10 year fund with an initial corpus of Rs. 1 billion promoted by SIDBI, Ministry of Information Technology, Government of India and IDBI.
  • The fund is being managed by SIDBI Venture Capital Limited, a wholly owned subsidiary of SIDBI.