+
Uttar Pradesh government to reimburse Rs 146 cr to eight mega projects
ECONOMY & POLICY

Uttar Pradesh government to reimburse Rs 146 cr to eight mega projects

The Uttar Pradesh government has announced that it will reimburse Rs 146 crore to eight mega projects under the Uttar Pradesh Industrial Investment Policy. The projects include Jaypee Cement Aligarh, RCCPL Pvt Ltd, Rae Bareli and Gallantt Ispat Ltd, Gorakhpur.

The government's move is aimed at accelerating the implementation of the mega projects, which were agreed upon during the Global Investors Summit 2023 in Lucknow in February.

A decision on the reimbursement process was taken at a meeting chaired by Infrastructure and Industrial Development Commissioner (IIDC) Manoj Kumar.

JK Cement Works, Aligarh (a unit of JK Cement Ltd), will also be reimbursed a total incentive of Rs 21.85 crore for the financial year 2020-21 and Rs 12.52 crore for 2021-2022.

Paswara Papers Ltd, Meerut, will be reimbursed Rs 12.65 crore as incentive.

The government will also receive Rs 1.63 crore as SGST reimbursement of Rs 11.02 crore and capital interest subvention reimbursement.

The reimbursement of the incentives is expected to boost the investment climate in Uttar Pradesh and attract more investors to the state.

Also read
Shree Cement's net profit fell 20% in the fourth quarter
UPSIDA set to implement Rs 400 bn investment proposals

The Uttar Pradesh government has announced that it will reimburse Rs 146 crore to eight mega projects under the Uttar Pradesh Industrial Investment Policy. The projects include Jaypee Cement Aligarh, RCCPL Pvt Ltd, Rae Bareli and Gallantt Ispat Ltd, Gorakhpur. The government's move is aimed at accelerating the implementation of the mega projects, which were agreed upon during the Global Investors Summit 2023 in Lucknow in February. A decision on the reimbursement process was taken at a meeting chaired by Infrastructure and Industrial Development Commissioner (IIDC) Manoj Kumar. JK Cement Works, Aligarh (a unit of JK Cement Ltd), will also be reimbursed a total incentive of Rs 21.85 crore for the financial year 2020-21 and Rs 12.52 crore for 2021-2022. Paswara Papers Ltd, Meerut, will be reimbursed Rs 12.65 crore as incentive. The government will also receive Rs 1.63 crore as SGST reimbursement of Rs 11.02 crore and capital interest subvention reimbursement. The reimbursement of the incentives is expected to boost the investment climate in Uttar Pradesh and attract more investors to the state. Also read Shree Cement's net profit fell 20% in the fourth quarter UPSIDA set to implement Rs 400 bn investment proposals

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code