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Amazing India exhibition opens in Dubai

DUBAI - The second Amazing India 2005 exhibition, a showcase of products and services from India, opened yesterday at the Renaissance Hotel Dubai.

The opening of the three day-event, which has Uttar Pradesh as its focus state this year, was attended among others by a top-level delegation from Uttar Pradesh led by Amar Singh, chairman of the state's Development Council. Indian Ambassador to the UAE Chandra Mohan Bhandari was the chief guest.

The exhibition is being organised to project the progress and competency of India in various sectors and also to highlight the investment opportunities in the country. Visitors to the exhibition can interact with the delegation from India and explore business and investment avenues, said Dinesh Kumar Joshi, the founder president of Global Foundation, which is organising the exhibition.

Addressing guests at the opening ceremony, Singh explained the investor-friendly environment of Uttar Pradesh and the incentives the state government is extending to entrepreneurs. "there is full-scale development activities underway in UP and the process of privatisation is on," he pointed out.

Inviting NRIs to invest in the state's property, services and industrial sectors, Singh said the government has put in place an investor- friendly policy and a world class infrastructure ensuring uninterrupted power supply and other advanced facilities including transshipment centres, integrated transport and trade centres, container depots, industrial estates, and host of liberal rules. Incentives for new investment in the state include 100 per cent exemption from payment of stamp duty on new small-scale units in certain districts, 10 per cent capital subsidy for new small-scale units in 24 districts, and exemption from payment of electricity duty for 10 years.

Singh said to make the investment climate more attractive, the state government is working on an Act for the effective implementation of a single window clearance system for new licences.