Uttar Pradesh Government initiates professionalization of ‘Invest UP’
State government to engage high-end professionals with ample experience for seamless integration of investment promotion and facilitation streams
Uttar Pradesh Government initiates professionalization of ‘Invest UP’
Lucknow: Subsequent to a series of successful initiatives to attract and materialize investment in Uttar Pradesh, the state government has initiated the process to professionalize its investment promotion and facilitation agency – ‘Invest UP’ in right earnest.
Additional Chief Secretary, Infrastructure and Industrial Development, Alok Kumar said that in a first-of-its-kind initiative, the State government had decided to engage highly qualified professionals from business and management sphere with ample experience for seamless integration of investment promotion and facilitation streams.
Kumar, who is also the Member-Secretary of the Governing Board of ‘Invest UP’, informed, “In all 44 professionals are proposed to be recruited to enhance the efficiency of services to investors and industrialists. In the first phase, five well-qualified persons will be recruited, including a Chief Operating Officer (COO) to lead the investment promotion functions of the agency under the guidance of the Chief Executive Officer (CEO).”
Appointment as well as removal of the Chief Operating Officer (COO) will be approved by the Chief Minister, who is the Chairperson of the Governing Board of the newly established agency, he added.
Akin to COO , who must be a post graduate management degree holder from a tier-1 Indian or global institute with over 15 years of experience, the preferred selection criteria for other positions of one Division Head, two Sector Cluster Heads and a Manager-NCR have been specified to hire the best-in-class talent and experience.
With the objective of hiring exceptionally qualified and deserving talent, the state government has decided to offer the market driven remuneration to the selected candidates.
The U.P. Government has set up a dedicated Investment Promotion and Facilitation Agency – ‘Invest UP’. The agency provides support to the investors interested in investing in the State and acts as the interface between the various government departments and the Investors to foster the investor friendly environment in the State. Unlike similar organisations in the country, which either focus on investment promotion or investment facilitation, Invest UP has been mandated to carry out both the activities to provide complete investment life-cycle support to the investors.
