Uttar Pradesh offers incentives to 8 mega projects

Lucknow: The Uttar Pradesh government has announced allocation of more than Rs 146 crore for reimbursement of the first installment of concessions to eight mega projects under the Uttar Pradesh Industrial Investment Policy. The mega projects for which the first installment of incentive reimbursement has been released include Jaypee Cement Aligarh, RCCPL Pvt Ltd, Rae Bareli and Gallantt Ispat Ltd, Gorakhpur. The government's move to provide incentives, special facilities and concessions to the investors is aimed at accelerating implementation of proposed mega projects for which agreements were signed between the government and investors during the Global Investors Summit 2023, held between February 10 and 12 in Lucknow. A decision regarding reimbursement process of incentives to these industrial undertakings as per their eligibility was taken at a recent meeting chaired by Infrastructure and Industrial Development Commissioner (IIDC) Manoj Kumar.