Cos were about to exit during SP rule

  • | Friday | 13th July, 2018

They should explain this cost difference of over Rs 1,500 crore," Mahana said. "In the two years since the last tender, the cost of the project should have gone up. However, we have managed to reduce it by Rs 1,515 crore. The previous government invited bids when they did not even have the mandatory 90% of land acquired for the project and then even inaugurated it. Samsung , that will be investing Rs 4,915 crore in the state now, wrote to me a day after I took the charge of the ministry in March 2017, saying that their projects were stuck and that they have to exit from the state.

LUCKNOW: Taking on the Samajwadi Party , whose president and former chief minister Akhilesh Yadav has claimed that several crucial infrastructure projects that are being inaugurated by the current BJP regime were initiated during his tenure, industries minister Satish Mahana said that several companies were about to exit Uttar Pradesh before BJP came to power in 2017 but stayed on due to the proactive policies of the Yogi Adityanath government. Samsung , that will be investing Rs 4,915 crore in the state now, wrote to me a day after I took the charge of the ministry in March 2017, saying that their projects were stuck and that they have to exit from the state. We met them immediately and sorted out their problems and the situation is such that a company that was about to exit the state has now decided to expand its investment," he said.Reacting to Yadav's jibes that work for the Purvanchal Expressway started under his government, Mahana said the project had recently been tendered again for Rs 1,515 crore less than the cost when it was conceived. "In the two years since the last tender, the cost of the project should have gone up. However, we have managed to reduce it by Rs 1,515 crore. The previous government invited bids when they did not even have the mandatory 90% of land acquired for the project and then even inaugurated it. They should explain this cost difference of over Rs 1,500 crore," Mahana said.

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