Millennium Post

UP aims for 10 per cent growth rate

With the aim of generating employment for one crore people and attaining a 10 per cent terminal growth rate in the 12th Five Year Plan [2012-17], the UP government has sent a proposal of Rs 3,61,000 crore to the Centre.

In its proposal, the state government stressed for the need of a five per cent growth in the agri-sector since UP is predominantly based on agriculture. Besides, government also envisaged a 10 per cent growth rate for dairy development, pisciculture and industrial development.

Deputy Chairman Planning commission Navin Bajpai hoped the state would achieve a growth of 11.2 per cent in industrial sector and 11.9 per cent growth in the service sector. He insisted that for attaining the optimum levels of growth and timely monitoring, his government would be working at several levels. Bajpai exuded confidence that the newly-formulated policies for agriculture, sugar, bio-technology, food processing, renewable energy will come in handy in this direction. He said that to maximise private investments, the government would formulate new policies on industries, higher education, Information Technology and Housing and rehabilitation soon.

He said that all out efforts will be made to complete the power projects within stipulated time frame and assured that all development projects will be physically verified and reviewed by senior officials and experts and the system of e-payment, e-procurement and e-tendering will be put in place soon. On agriculture and related industries, Bajpai said that the state government has proposed for a purse of  Rs 33,677 crore. He said that beside increase in production, his government was committed to ensuring higher productivity and fair price to farmers. He promised that availability of adequate urea would be made to ensure that in the next five years, an additional 17.94 lakh hectares of land are put under horticulture which could profit the farmers.

He also informed that there were plans of constructing 300 bridges and 1000 rail overbridges in the next Five Year Plan.
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