A ceremony to list the Lucknow Municipal Corporation (LMC) bonds in Bombay Stock Exchange (BSE) will see Uttar Pradesh Chief Minister Yogi Adityanath Presence on December 2. The Chief Minister who rings the bell at BSE, will also interact with prominent industrialists and Bollywood celebrities and invite them to invest in Uttar Pradesh.
The first city of north India to release the bond of its municipal corporation is Lucknow and in future municipal corporations of Ghaziabad, Varanasi, Kanpur Nagar and Agra will follow suit. "The 10-year bond closed at a very attractive coupon rate of 8.5 per cent only because India Inc. has shown faith in the potentiality and prospects of Uttar Pradesh," a senior official said. Yogi in his meet with industrialist and Bollywood celebrities will explain them how the Uttar Pradesh government has created a conducive atmosphere for industrialization by way of simplification of policies, single-window mechanism for various clearances and a sound law and order as a potent back-up besides availability of basic infrastructure and manpower, said the sources.
The sources said CM is to meet N. Chandrashekhar of Tata Sons, Dr. Niranjan Hiranandai of Hiranandani group, Baba Kalyani of Bharat Forge, Suprakash Chaudhary, CEO of Simmons, S.N. Subramaniam, Chairman of L&T, Vikas Jain of Capital Services, Sanjay Nair, Chairman of KKR Ltd, Jaspal Bindra, Chairman of Centrum Capital Ltd, Sukaran Singh, CEO and MD of Tata Advanced Systems, Harshvardhan of Tata Defence Technology, Ashish Rajvansh of Adani Defence, Rajat Gupta of Ashok Leyland T.S. Darbari, CEO and MD of Texmaco Defence System. Among the Bollywood celebrities, Subhash Ghai, Bonny Kapoor, Bhushan Kumar of T-Series, Jatin Sethi of Zee Studio, Rahul Mitta, Neeraj Pathak, Randeep Hooda, Tigmanshu Dhulia, Jimmy Shergill, Taran Adarsh, Komal Nahta and Raj Kumar Santoshi are in the list.