Lucknow, Oct 27 (HS): The cabinet meeting chaired by Chief

Minister Yogi Adityanath on Tuesday approved investment proposals for four

industrial units under the Uttar Pradesh Global Competence Center (GCC)

Policy-2024. Approval has been given to issue Letters of Comfort (LOC) to the

companies concerned under these proposals. The four companies will set up their

units in Gautam Buddha Nagar district, investing a total of Rs 1,709.84 crore.

This will boost industrial investment in the state, as well as accelerate

research, innovation, technological development, and the expansion of global

business activities.

Uttar Pradesh Industrial Development Minister Nand Gopal

Gupta Nandi stated that under the leadership of Chief Minister Yogi Adityanath,

the state government is continuously striving to establish Uttar Pradesh as a

competitive investment destination at the national and international levels. To

this end, the Uttar Pradesh Global Competence Center Policy-2024 was notified.

This policy encourages global companies to establish centers in the state for

their technology, research, development, and business activities.

Havells India Limited to invest Rs 879 crore: Havells India

Limited will establish a state-of-the-art Research and Innovation Center in

Gautam Buddha Nagar at a cost of Rs. 879 crore. This center is expected to

promote research and innovation activities. Focused on cutting-edge technology

and development activities, this project will be crucial in expanding the

state's industrial and technological capabilities.

Ameriprise India LLP's Rs 112.84 crore project: Ameriprise

India LLP will establish a Global Capability Center in Gautam Buddha Nagar at a

cost of Rs. 112.84 crore. The center will house the company's global capability

activities. The project will encourage the expansion of global companies'

presence and business activities in the state.

MetLife to invest Rs 84 crore: MetLife Global Operations

Support Center Private Limited will set up a STPE at the Oxygen Business Park

on private land in Gautam Buddha Nagar at a cost of Rs. 84 crore. The Cabinet

also approved a proposal to issue a Letter of Comfort for this project.

LG Soft India to set up greenfield R&D centre: LG Soft

India Private Limited will establish a new greenfield Eco Solutions Research

and Development Center in Gautam Buddha Nagar at a cost of Rs. 634 crore. This

project will focus on promoting research and development activities. It is

expected to develop new opportunities in the field of technological research

and innovation in the state.

State government is creating an investment friendly

environment: Industrial Development Minister Nand Gopal Gupta Nandi said that

the objective of the Uttar Pradesh Global Competence Center Policy-2024 is to

develop the state as an attractive investment hub for leading companies from

India and the world. The government is committed to creating a favorable

investment environment, expanding industrial activities, and encouraging modern

technology and research.

Hindusthan Samachar / Abhishek Awasthi