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Yogi starts MoU monitoring mechanism in UP
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SME Times News Bureau | 05 Jun, 2020
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.
Moreover, investors would have the option of communicating with departments online through this portal.
Infrastructure
& Industrial Development Commissioner Alok Tandon said that as a
result of rigorous review and monitoring at the various levels of
government, 371 of 1,045 MoUs received during the UP Investors Summit
2018, were under various phases of implementation in the state.
"Till
March 2020, 106 of these 371 MoUs had successfully started their
commercial operations, yet it was felt by the government that a better
and efficient mechanism was required to ensure speedy execution of
investment projects in view of the interest shown by new national and
international investors," he said.
He said that under the new
mechanism, all concerned departments would have to assign a dedicated
nodal officer for implementation of MoUs.
He said that MoU
tracking portal, which had been integrated with 'Nivesh Mitra', the
single window portal of the state, would impart digital and real-time
transparency to the system, while domain expertise of different
departments would be better utilized by allocating the sector-wise MoUs
to concerned departments for monitoring.
Details of all the existing MoUs are already available on the portal and each MoU is mapped to a dedicated MoU Department.
The
MoU Department will be solely responsible for implementation of the
MoU. All the new MoUs signed between any department of Government of
Uttar Pradesh need to be entered in MoU tracking portal. Similarly, all
divisional commissioners will also be able to access the portal through a
distinct login ID allotted to them.
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